Bahwan CyberTek named a Red herring 100 Asia company

Award recognizes 100 private companies in Asia that drive the technology industry’s future

Chennai, August 30, 2005 – Bahwan CyberTek today announced that the company has been named one of the Red Herring 100 Private Companies of Asia.

“Getting selected for the Red Herring Asia 100 list is quite an achievement,” said Red Herring editor-in-chief Joel Dreyfuss. “We had many strong entries, a reflection of the depth of entrepreneurship that has taken hold in Asia.”

“It’s a momentous occasion for all of us at Bahwan CyberTek. It has been our resolve to develop a product that would revolutionize the digital era. The listing in Red Herring will certainly provide the much required impetus, both within and outside the organization, as it is an endorsement of our innovation. More importantly, this is also a recognition of Bahwan CyberTek’s performance and potential as a company,” commented Durgaprasad, CEO, Bahwan CyberTek.

Red Herring’s lists of private companies are an important part of the magazine’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work.

Red Herring’s editorial staff rigorously evaluated more than 500 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Red Herring 100 Asia companies will be presenting their business model and strategy at the Red Herring 100 Asia Conference. The conference will take place September 5-7 at the Shangri-La Hotel in Shanghai, China.

About Red Herring 100 Asia Conference

Red Herring 100 Asia Conference is an invitation-only event for CEOs, select senior executives, and Venture Capitalists. Red Herring 100 Asia will bring together executives from mostly private companies. These executives will be joined by senior executives from public companies and Venture Capitalists. Please contact Yi Cao at 650.585.3524 or email ycao@redherring.com if you would like to request an invitation to Red Herring 100 Asia Conference.

About Red Herring

Red Herring is the weekly magazine technology entrepreneurs, investors and industry observers read to stay ahead of the curve and to be better informed about the global marketplace. Red Herring covers technology, innovation, financial strategies, important personalities and trends that are transforming the world of business with unique insight, opinion and forward-looking analysis. Readers turn to Red Herring for knowledge to make strategic decisions, build companies and create a competitive advantage for their businesses. Red

Herring articles, blogs, research and event information can be found online at www.redherring.com.

Bahwan CyberTek (BCT), established in 1999 is a leading IT Products and Services company. BCT provides state-of-the-art solutions to its customers covering package implementation in the ERP and SCM space, customized software development, System Integration, Migration and Customization, Training, Professional Services and end-to-end networking solutions using near-shore and offshore models. It has offices in Oman, UAE, India and USA and has a total strength of 500 people. BCT’s offshore development center in Chennai, India is assessed at CMM Level 4.

BCT’s customers include some of the leading banking and financial institutions, governments, manufacturing and trading organizations in Oman, UAE, India and USA. BCT’s parent, Suhail Bahwan Group is in business for over 35 years, and has over $ 1 billion in turnover across a diversified line of businesses. The group employing over 12000 people is one of the well-known names in Oman and the Middle East and is most respected for its business ethics.

BCT has established a center for creativity that is engaged in providing training services with the objective of building a knowledge-driven society. BCT has undertaken the task of training about 1000 Omani youth in IT and related areas. BCT also brings internationally recognized talent and expertise to Oman through its tie-ups with premier institutes across the world.

Highlights on BCT

• Implemented Oracle ebiz suite for 60 enterprises
• Over 250 consulting assignments in the US.
• Products sold include Cuecent BPMS, a Business process modeling platform that helps in rapid development and deployment of applications, delivering adaptive, robust enterprise application at reduced time and cost (reducing TCO by up to 40%).
• BCT is the technology and management partner in Oman’s Sanad Citizen Services project which is a unique entrepreneur driven project aimed at delivering over 26 government and corporate services electronically over the web to Omani citizens from over 150 points of presence across the country.
• BCT’s IPCC based contact center in KOM, the first of its kind in the region, has won a 5-year contract from Gulf Air to run its customer contact center.
• 4th-Party Logistics: BCT is awarded a 5-year contract from Petroleum development Oman (PDO, Shell subsidiary) to establish and run the logistics under the 4 PL systems. It is a JV between Bahwan CyberTek and Excel.