SAN RAMON, California, September 2 /PRNewswire/ --

Achievo(R) Corporation, a software outsourcing and information technology
services provider, is proud to announce it is working with The InnoVest
Group, LC, a US based management consulting and joint venture firm, to
provide IT outsourcing (ITO) services and solutions in the Middle East,
initially in Saudi Arabia, UAE, Bahrain, and Jordan. Achievo offers its
clients local account management and project delivery capabilities through
its regional offices in Japan, North America, Europe and Greater China that
are integrated with and supported by its offshore delivery centers in China
and its headquarters in the United States.

As the Middle East countries strive to develop knowledge-based economies
beyond oil, businesses are experiencing a rapidly growing demand for IT
infrastructure and enterprise architecture services. Demand for ITO and
business process outsourcing (BPO) is growing. This is especially the case in
the Gulf Cooperation Council (GCC) with its rapid economic growth. Achievo
and InnoVest believe a skills shortage and reluctance by businesses to invest
outright in IT are driving the demand.

"With more than 160 banks in and around the region, the Middle East is
becoming a financial services destination and we believe there is substantial
opportunity for Achievo," said Nestor G. Cruz, president of Achievo's North
America Business Group. "Achievo has a well-established track record around
technologies that support the automation of financial processes. We have
implemented technologies to support corporate credit card systems, payment
settlements, and purchase cards vs. payment cards, among other IT needs.
Additionally, many financial institutions are currently faced with the need
to migrate from legacy systems to new platforms, something Achievo excels at
and has acquired specific qualifications and certifications from companies
such as HP."

"Achievo presents an attractive alternative to other ITO providers in
this region," said David Dastvar, managing partner of The InnoVest Group. "As
the Middle East strives to move its economies beyond oil, there is a clear
need for ITO that is geared to mid sized projects. Most of the ITO resources
in this region are large IT companies from the US and India. We haven't seen
anyone geared towards the mid-tiered players. Achievo has the capacity and
scale of the large IT companies but with more experience and responsiveness
toward small to medium sized projects. Achievo's ability to bring US program
management skills with Japan, Germany, Canada, and China development and
delivery centers to the projects gives them a unique menu of technical
capabilities, price competitiveness and project delivery expertise.

"Additionally, few players in this region are focusing on disaster
recovery. Achievo has differentiated itself by obtaining the appropriate back
end security certifications that will allow Middle East financial
institutions to establish their own local development centers in China where
they can create IT solutions that will help sustain the region's emerging
financial economy. We believe these capabilities combined with InnoVest
market access and MENA business intelligence is the recipe for success," said
Dastvar.

About Achievo Corporation

Achievo Corporation is a leading provider of software outsourcing and
information technology services to a global client base primarily through its
regional offices in Japan, North America, Europe and Greater China. All seven
of Achievo's delivery centers in China are ISO-27001 certified, of which two
are also ISO-9001:2000 certified and another is CMMI level 5 certified. In
addition, Achievo's facilities in Germany are ISO 9001:2000 certified. With
expertise in diverse technologies including Java/J2EE, .NET and embedded
platforms, Achievo offers improved efficiencies, scale, diversification, and
a skilled talent pool to deliver cost-effective, client-centric, and scalable
IT outsourcing services to clients worldwide. Headquartered in the San
Francisco Bay Area, Achievo has offices in the United States, Canada,
Germany, China and Japan. For information on the company and its services,
visit www.achievo.com

About InnoVest Group, LC

The InnoVest Group, LC is an information technology (IT) and business
services company headquartered in McLean, Virginia, USA. InnoVest
predominantly provides systems integration and professional services,
enterprise architecture, business process outsourcing, data center solutions,
and IT infrastructure outsourcing. InnoVest serves Global clients in Banking,
Insurance and Financial Services (BIFS), Transportation, Communication,
Manufacturing, as well as Oil & Gas sectors.

For more information please contact David Dastvar, managing partner of
the InnoVest Group, LC Phone: +1-703-250-0399, Fax: +1-703-250-0981, Email:
hd@theinnovestgroup.com, www.theinnovestgroup.com

(C) 2008 Achievo Corporation. All rights reserved. Achievo is a
registered trademark of Achievo Corporation in the United States and in other
countries. All other trademarks are the property of their respective owners.

CONTACT:
    Jayme Curtis, Public Relations
    Achievo Corporation
    +1-408-892-8661
    jayme.curtis@achievo.com

    Web site: http://www.achievo.com
              http://www.theinnovestgroup.com