SAN RAMON, California, September 30 /PRNewswire/ --

Achievo(R) Corporation, a software outsourcing and information technology
services provider, today announced plans to make available its broad
expertise across multiple technology platforms in deploying software
solutions in support of data center migration for the Banking, Insurance and
Financial Services (BIFS) sectors in the Middle East. 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.

"Achievo has a strong track record around technologies that support the
automation of financial processes, including successful projects for some of
Canada's leading financial services organizations," said Nestor G. Cruz,
general manager of Achievo's North America Business Group. "Achievo has
implemented technologies to support corporate credit card systems and payment
settlements, among other IT needs. Additionally, many financial institutions
are currently faced with the need to modernize legacy mainframe systems to
newer web-based platforms and Achievo has specific expertise in helping to
ease this migration. Achievo also has a strong IT service management practice
focused on automating ITIL (Information Technology Infrastructure Library)
best practices with a specialized focus on migrating clients to newer
applications such as HP Service Manager."

Achievo has teamed with InnoVest Group, LC, a Virginia-based management
consulting and professional services firm with extensive Middle East market
reach and project experience, to provide IT outsourcing and application
deployment assistance to the BIFS sector. InnoVest is identifying
opportunities and forming strategic partnerships with market leaders to make
Achievo's proven solutions available to the end-user community.

"IDC's End-User Perspectives on the Middle East Managed Services Market
Report, published April 2008, is based on 298 one-on-one interviews with
end-users. According to this report, more than 40 percent of surveyed
end-users plan to outsource application assistance in support of data center
modernization," said David Dastvar, managing partner of InnoVest Group. "IDC
has further identified a high-end skills shortage in the application software
field and a general reluctance by Middle East businesses to invest outright
in the internal IT infrastructure and organization. This is driving the
demand to outsource data center migration projects throughout the region.
Achievo offers expertise in a wide variety of technologies to help clients
deliver on technical solutions that address business problems. Achievo's
skilled technical resources possess specialized knowledge in market-leading
technologies such as J2EE, Open Source Frameworks, Oracle, IBM Web Sphere,
DB2 and Tivoli, Microsoft .NET, SQL and Sharepoint, and HP Peregrin, Openview
and Mercury.

"Further, we believe Achievo's global business model, with its China back
end, local front end, is particularly well suited to the needs of the banking
and financial sector in the Middle East. Achievo has the scale,
responsiveness and experience to support dynamic, high growth, high
transaction-complex environments. Achievo's business model and strong track
record ensures that BIFS clients will have cutting edge technology and
program management cost effectiveness," said Dastvar. "Initially, we are
making our solutions available to BIFS in Saudi Arabia, UAE, Bahrain, Kuwait,
Qatar, Egypt, and Jordan. Later we will expand into other vertical markets
and countries in the region, including the transportation, communication, oil
& gas, petrochemical, and manufacturing sectors."

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 http://www.achievo.com.

About InnoVest Group, LC

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

We advise organizations to implement strategic projects and enter new
markets, monitoring their progress to ensure quality and efficiency in the
joint ventures. We help leaders make distinctive and substantial improvements
to the performance of their business development and tackle their most
difficult issues and serious challenges while adapting to an ever-integrating
global economy.

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