Steria boosts its Indian operations to fuel European growth

Company Brief

New Delhi, February 14, 2008

Newly-enlarged IT-driven business services provider, Group Steria SCA , today announced its intention to both expand and rebrand its Indian operations following the recent acquisition of Xansa.

Speaking today at the NASSCOM Indian Leadership Forum in Mumbai, Group Chairman and Chief Executive, Francois Enaud exclusively confirmed that, under the stewardship of new Indian Chairman and CEO, Mukesh Aghi, Steria plans to significantly grow its Indian operations. It also plans to fully migrate from Xansa to the new Steria brand in the coming months.

With over 5,000 staff and delivery centres in Noida, Chennai and Pune, the organisation’s Indian operations already contribute to more than a quarter of Steria’s global headcount. Coupled with a strong network of teams across Europe, North Africa and Asia, the combined Steria business now offers a fully integrated global delivery model to achieve delivery excellence and cost effectiveness for customers spanning both the public and commercial sectors.

Francois Enaud commented: “The Indian presence afforded to us by the acquisition of Xansa not only adds an important dimension to our blended delivery model, but also provides a considerable boost to our integrated solutions and services offering, including IT and BPO. We are delighted to have Mukesh join us to lead our Indian operations and help fulfil our ambitious targets for growth in the region and steer the ongoing integration process.”

“Mukesh’s appointment will open an exciting chapter for Steria in India, strengthening our performance and adding value to our growth plans. He has a reputation for attracting the best talent in India to the technology industry, which is a critical ingredient of our business. “

Mukesh, who comes with a strong track record of success leading various international business giants including IBM Corporation, Ariba Inc and J.D.Edwards & Co., commented on his appointment: “I am delighted to be a part of this growing company and feel excited to be leading such a high calibre team. I am looking forward to leveraging my exposure to global markets in further shaping up Steria’s India strategy.”

In addition to his role in India, Mukesh heads the UK services practice and sits on the Group Executive Committee that drives the strategic direction and overall performance of Steria.

The combined group is a market leader in BPO - especially in the provision of Finance & Accounting - and a top 10 IT services providers in both Europe and the UK, with a 2006(i) revenue of €1.8billion.

Francois Enaud will be delivering a key note speech entitled “Conversations with corporate chieftains: Making acquisitions work, sharing experiences” during the Insight Conclave of day two of the conference. For further information regarding Steria’s presence at NASSCOM, please visit: http://xansanasscom.typepad.com/.

For further information, please contact:

Steria

Manish Rathour

Tel: +91-9871333663

e-mail: Manish.rathour@xansa.com