JADE SOFTWARE CORPORATION NEWS RELEASE
Christchurch, 7 May 2007
Jade Software Corporation signs Memorandum of Understanding with CMC
Limited of India
Jade Software Corporation announced today that it has signed a Memorandum of
Understanding with CMC Limited (CMC), the publicly listed IT services company 51% owned by
TCS and part of Indian industrial conglomerate TATA Corporation, which has annual revenue in
excess of US$22 billion.
Jade Managing Director Dr Rod Carr said Jade has been seeking to establish a number of
strategic relationships with partners to accelerate the rate of use and deployment of JADE
technology and applications built in JADE. CMC represents such an opportunity.
“CMC is particularly interested in applying Jade’s innovative solutions to complex data
management in logistics, homeland security and other emerging areas relevant to both the
domestic Indian market as well as further opportunities in Asia, the Middle East, and North
America,” Dr Carr said.
The Agreement formalises the relationship between Jade and CMC and provides consistency
and focus for collaboration and co-operation. CMC, which began life as IBM India, now has
3,500 staff and annual revenue in excess of US$275 million. CMC is based in Mumbai with
representation in India, Asia and North America.
CMC Managing Director Mr Ramanathan Ramanan has had an association with New Zealand
for over 20 years. Under his initiative CMC formed a relationship with the e-Centre, Massey
University at Albany, to seek out creative and innovative products which CMC could
collaboratively take to the world.
“This is not about outsourcing development to India. This is a genuine opportunity to synergise
and leverage a great New Zealand technology, a rapidly growing Indian technology services
company and address global opportunities,” Mr Ramanan said.
ENDS
For further information, please contact:
Dr Rod Carr
Tel:
+64 3 365 2500
Managing Director
Mob:
+64 21 225 8200
Mob:
+64 21 993 825
Jade Software Corporation
Paul Hunt
Business Development Advisor - NZ
CMC Limited
ABOUT JADE SOFTWARE CORPORATION
Jade Software Corporation (JSC) is a specialist technology services company with more than
25 years experience in helping organisations quickly respond to business, customer and
supplier demands.
We create targeted, solutions that enable responsive businesses to rapidly manage specific and
complex information requirements. By combining our expertise and agile development
methodology with the JADE™ technology platform, we’ve enabled customers worldwide to
deliver business-critical information that provides strategic impact with the reliability and
robustness that comes from a mainframe computing heritage.
More than 1,900 organisations across Europe, North America and Asia Pacific use JADE™
solutions to manage their specific information requirements. Our customers span multiple
sectors, including logistics, shipping, finance and insurance, national security, health, education
and human resource management, and are often leading organisations within their fields.
A privately owned New Zealand based company, Jade has offices in New Zealand, Australia,
the United States and the United Kingdom.
For more information visit: www.jadeworld.com
Issued by Rob McGregor, 0292 372 676 of Sorensen Group, on behalf of Jade Software Corporation