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Kanbay International, Inc. (NASDAQ: KBAY) is a global IT services firm with about 6,900 associates worldwide founded in 1989. The organization offers management consulting, technology integration, application development, and outsourcing solutions to the following industries: Financial Services, Consumer & Industrial Products, Communications & Media, and Life Sciences. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America and India, as well as London, Singapore, Hong Kong and Melbourne.

On 26th Oct. 2006, Services firm Capgemini made a $1.25bn bid for Kanbay, the US-based IT consultants, in a bid to expand its footprint into the US and Indian markets.

Company website http://www.kanbay.com

Banking, serving retail and private banking, business and consumer lending, and general financial services. 3 of the top 5 global banks are Kanbay clients.

Credit services, including credit cards, debit cards, smart cards and all the systems that make them work. Kanbay works with 4 of the top 5 credit card issuers across the globe and they are host to the world’s largest concentration of VisionPLUS programmers.

Insurance, encompassing health, life, property and casualty lines and functions from membership and rate charges to billing and claims processing. Kanbay works with leading insurance companies in the US and Asia Pacific.

Securities & investments,including trading, brokerage, and investment banking. 4 of the 5 bulge bracket firms are Kanbay clients.

Consumer & industrial products,Kanbay’s acquisition of Adjoined brought them some of the largest beverage and food companies in the world and industry-leading names in retail, toys and cosmetics.

Life sciences, Adjoined’s life sciences industry vertical encompasses labs, pharmaceutical companies and distributors, biotechnology firms, medical diagnostic firms, and medical device manufacturers. Our clients include 3 of the top 5 pharmaceutical companies in the world, 2 of the top 3 pharmaceutical distributors.

Telecommunications & media, This industry serves the industry leaders in wireless, cable and Internet technologies plus key players in traditional media. Clients include 2 of the 4 largest wireline carriers and 2 of the 3 largest wireless carriers in the United States.

Kanbay's services are divided into four areas: management consulting, technology integration, application development and outsourcing and maintenance.

Management consulting ? Supply chain management ? Customer value management ? Research services

Technology integration ? Customer relationship management ? Enterprise resource planning ? Business intelligence

Application development ? Enterprise architecture ? Legacy modernization ? Web enablement ? Independent testing services

Outsourcing & maintenance ? Application maintenance ? Production support ? Infrastructure management ? Level III application hosting

Geographic regions are led by local managers and directors, some of whom sit on the company’s Global Executive Council. Kanbay's leadership team is not all based at company headquarters in Chicago—they are based across our regions to be close to Kanbay clients and associates, the company claims.

Kanbay trades on the NASDAQ stock market under the ticker symbol KBAY.

Kanbay was founded in 1989 by Raymond J. Spencer, Dileep Nath, and John Patterson in Chicago, IL.

In 1991, Kanbay established its India office to support delivery of software development services, and in 1992, it established a Hong Kong office to serve the Pacific Rim.

1995 saw Kanbay establish what was to become its largest development center. From its new center in Pune (India)Kanbay refined its multi-site approach to address complex issues of project management.

In August 1998, venture capital firm Safeguard Scientifics, Inc acquired an interest in Kanbay. That November, Kanbay established a Singapore office to expand its ability to serve the Pacific Rim market.

In April 1999, Kanbay established an Australia office in Melbourne, and in June established its UK office in Cambridge.

In October 1999, Kanbay acquired Megatec, a $15 million Melbourne, Australia-based eBusiness products and solutions firm.

Partnering for success took on a new meaning when in 2000 Morgan Stanley and Household International acquired an equity interest in Kanbay.

In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo. Kanbay inaugurated its technology center in Pune, India in October 2001.

Kanbay's India operation expanded to Hyderabad in 2003. In the same year, it achieved its first CMM Level 5 certification for project work. In 2004, Kanbay received one of the first global assessments for CMM Level 5.

2004 also brought two Kanbay milestones. In July, Kanbay International became a publicly traded company, listing on the NASDAQ under the symbol KBAY.

In early 2005, the company acquired Accurum, an IT services provider to the capital markets industry. On August 3, 2005 the company celebrated its one year anniversary as a public company by ringing the NASDAQ bell to open trading.

In early 2006, Kanbay acquired Adjoined Consulting a professional services firm. In particular, Adjoined offered formal management consulting and added its ERP implementation capability to Kanbay

In October 2006, Capgemini has entered into a definitive agreement with Kanbay to acquire the latter for $1.25 billion USD, or $29 / share. The all-cash deal would be closed by early 2007. [1]

Mainframe and midrange services Distributed Systems Testing Services (Functional, Performance, Security, Usability) Business Intelligence Management Consulting Customer Relationship Management End-to-end solutions

Pune Chennai Hyderabad Chicago

Kanbay has branches in the following Indian cities: Pune, Hyderabad, Chennai.