Hong Kong, December 12, 2006 — The Asia Pacific tech sector is in very robust shape according to Deloitte's latest ranking of fast growing technology companies and its survey of their CEOs. The 500 fastest-growing technology companies in Asia Pacific recorded an average three-year revenue growth of 399 percent and their CEOs remain confident of achieving even higher growth in 2007. Although the growth in 2006 moderated a bit from that of 2005, it is none the less still impressive.

The region's fastest growing technology companies were profiled and recognized at the Deloitte Technology Fast 500 Asia Pacific 2006 Awards Ceremony, at the InterContinental Hotel in Hong Kong on 12 December, 2006. Deloitte also released results of its Technology Fast 500 Asia Pacific 2006 CEO Survey, the firm's annual comprehensive analysis of business trends amongst these successful companies, revealing the key concerns and expectations of regional CEOs.

Following its recognition in the Deloitte Technology Fast 50 India Awards last month, Visesh Infotecnics Ltd. was again declared a winner in the Deloitte Technology Fast 500 Asia Pacific 2006 program, with a ranking of 187 based on a three-year percentage revenue growth of 229.25%.

This makes it the second year running for Visesh Infotecnics Ltd. that it has won both the Asia Pacific Fast 500 and the India Fast 50 Awards. A beaming CEO and Managing Director of Visesh Infotecnics said, “We are pleased to be amongst the Asia Pacific Fast 500 awardees, second year running and at consolidating our ranking. Visesh moved into a high growth trajectory in 2004, with a major reshuffle in its Management Team and new strategies for sustained growth which began to show in our performance almost immediately. We have repositioned ourselves from being a large domestic ERP player to a fast growing IT Company with a balanced mix of Products and Services that address the global markets. We are confident that this new strategy will leverage our strengths in the creation of innovative Intellectual Property and result in sustained growth, thus, maximizing stakeholder value.”

Igal Brightman, Global Managing Partner of Deloitte's Technology, Media & Telecommunications Industry Group, said: “The 2006 rankings show that tech companies in Asia Pacific continue to achieve phenomenal success despite increased competition. The top five companies recorded growth rates ranging from 5,021 percent to 8,350 percent. This year Australia leads the pack, with three companies ranked in the top five and seven in the top 20,— the most for any location — and recorded the highest average revenue growth of 687 percent. Altogether companies from 10 locations make up the 500 —a wider geographical spread than last year and a strong indicator of the sector's robust health and continuing growth potential.”

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