Infinite acquires Comnet

Bangalore

October 2nd, 2007

Infinite Computer Solutions an IT and business process service provider has
announced that it has acquired US-based Comnet International, to strengthen its
focus in the telecom vertical.

According to Upinder Zutshi, CEO, Infinite Computer Solutions, "We are
investing $30 million over the next few months in the telecom sector and this
acquisition is a part of that investment." He however declined to disclose
the exact amount of the transaction.

The $110 million Infinite Computers currently derives $35 million from the
telecom sector and expects to reap $56 million at the end of this financial
year, Zutshi informed. "Going forward we would further increase our focus
is on the telecom vertical and we intend to achieve $300 million in revenues by
2010."

On the company's new growth strategy, Zutshi, said, "Infinite will
actively pursue the inorganic route as part of the global expansion plans and we
are looking at more such acquisitions in the telecom sector to ensure that we
become a global telecommunications service provider."

This acquisition marks Infinite's planned shift to telecommunications
solution-centric segments as the major and key vertical focus area. The
strategic investment will help Infinite augment its services for telecom and
enterprise networks, service providers, device and appliance manufacturers and
TME (telecom, media and entertainment) enterprises, Zutshi informed.

Earlier in March 2007, Infinite set up a telecom competency center in
Bangalore at its Whitefield campus.

The company is also planning to ramp up its head count from 3500 to 7000 by
2010. "Our focus is on transition of the business model from headcount
based to value addition business model, from linear to non-linear based business
model and this might lead to a drop in revenues this year," added Zutshi.

Comnet will retain its current structure and presence in the US and India. It
will operate as an autonomous subsidiary under the current management team with
Ravi Ravichandran, founder of Comnet, as the CEO of the country.

Comnet is a telecommunication focused outsourced product development and IT
services company, headquartered in Oakbrook Terrace, IL, USA and a development
center in Chennai. The Chennai center will be developed into the TME Center of
Excellence, Zutshi informed.