Released on: June 20, 2008, 10:26 pm

Press Release Author: Indecomm Corporation

Industry: Software

Press Release Summary: Indecomm Corporation ("Indecomm") today announced that Encora
Group, BVI ("Encora") had joined the Indecomm family.


Press Release Body:
Encora is an emerging global leader in Collaborative Product Development (CPD)
services. Encora's CPD platform provides life-cycle product development and
technology services to global software product companies with innovative execution
and operating models that it's clients can leverage. The Encora transaction extends
Indecomm's portfolio of Consulting and Outsourcing Services across multiple industry
domains to Technology Services and will propel the combined organization to
leadership in high-end Technology and Outsourcing services.

Indecomm together with Encora will clock an annual run rate of $100m revenue, and
employ over 5,000 resources, including 1,000 IT and product engineers, across the
United States, Europe, APAC and India. The Encora transaction further bolsters
Indecomm's aggressive organic growth of 100% over each of the previous three years.
Together with Encora's presence in India, Singapore, Malaysia, Australia and the
United States, Indecomm's delivery operations covers key markets in APAC, Europe,
the United States and India, services 20+ Fortune 500 Clients and has quietly
garnered the recognition and respect of its customers, industry analysts and
competitors as a prolific and quality provider of Consulting, Technology and
Outsourcing Services.

The Indecomm-Encora combination is a compelling proposition to each other's
customers. Besides Encora's superior execution methodologies and technology
capabilities in product engineering and enterprise software services, Encora's
customers will now have access to the full range of Outsourcing Services that
Indecomm provides to several of the world's leading companies. In an even manner,
Encora's acclaimed Collaborative and Distributed Product Development expertise offer
Indecomm's customers the potential to power their business with applications beyond
traditional Outsourcing Services.

"The addition of Encora will advance Indecomm's vision of seamless IT and
Outsourcing services," said Naresh Ponnapa, President and CEO of Indecomm
Corporation and added "Encora's solutions, talent and customers complement
Indecomm's business and extend our ability to deliver compelling products and
services to our enterprise customers. Encora's software and product development
services combined with our legendary expertise in Consulting and Outsourcing
Services will deliver our customers a rich user experience, low cost of ownership,
industry-leading transaction services and enterprise-class software and Technology
Services."

"This is an exciting milestone for our company, and we look forward to scaling our
growth as part of Indecomm," said Venu Raghavan, CEO of Encora Group, BVI and this
year's winner of the Ernst & Young's Entrepreneur of the Year® 2008 in the Emerging
category in Orange County/Desert Cities. "Indecomm's global reach, scale, widely
recognized brand and worldwide customer relationships make it the ideal partner for
Encora. Our combined teams will create exciting growth opportunities for Encora, our
customers and our employees. We look forward to working with the Indecomm family to
ensure a rapid and seamless transition."



About Indecomm Corporation

Indecomm Corporation is a leading Consulting, Technology and Outsourcing Services
company with four principal divisions: Mortgage Services; Banking Services; Learning
Services; and Technology Services. Indecomm's seamless onshore-offshore
technology-enabled operations are the central point of its global delivery model,
offering clients both scale and cost advantages. Expertise in imaging and workflow
technologies and extensive knowledge of processes and domains has enabled Indecomm
to produce significant, measurable business gains for its clients. It has been
featured in Red Herring\'s list of the top 200 private companies in the world; ranked
among the top five emerging services companies by The Indus Entrepreneurs; featured
in Fortune Magazine's 2007 "The Global Outsourcing 100"; listed among the top 100
Global IT and BPO service providers by Global Services and neoIT; and has been
recognized for management excellence and its outstanding contribution to industrial
development in India. Indecomm is funded by leading global venture capital funds
including Sequoia Capital, Tiger Global Management Private Equity and the
International Finance Corporation. The company is headquartered in Bangalore, India
with delivery centers and offices in New York, Iselin, NJ, Minneapolis, MN,
Louisville, KY, McLean, VA, Denver, CO, Los Angeles, CA in the United States, and
Bangalore, Gurgaon, Mysore, Pune, Salem and Tumkur in India. The Indecomm group
companies include IGS Imaging Services, Brainvisa Technologies, Centillion Solutions
and Services, U.S. Recordings, and Mortgage Dynamics, Inc. For more information,
visit www.indecommglobal.com.

About Encora Group, BVI
Encora, the emerging leader in Collaborative Product Development, offers a portfolio
of software product life cycle solutions to SME Software product companies. Encora
provides end-to-end services to global software product companies which includes
product management, product engineering and professional services, onsite, nearshore
and also through offshore delivery supplemented by on-site execution. The company is
headquartered in Scottsdale, Arizona with offices in Pittsburgh, Santa Clara, Boston
in the United States, Singapore, Malaysia, Thailand and Australia in the APAC region
and Bangalore and Gurgaon in India. For more information, visit www.encorainc.com.






Web Site: http://www.indecommglobal.com/

Contact Details: Media contacts:

Indecomm Corporation
Sumit Kumar
+91 80 6696 0000
sumit.kumar@indecommglobal.com

Encora Group, BVI
Jegadesan Krishnamurthy
+1 480 991 3635
Jegadeshan.krishnamurthy@encorainc.com