Zensar Technologies Limited and BroadenGate Systems Inc. Enter Into a Joint Venture SHENZHEN, China, May 6 /Xinhua-PRNewswire-FirstCall/ -- On April, 29th, 2004, Zensar Technologies Limited and BroadenGate Systems Inc. signed the official contract to establish a joint venture in overseas development and outsourcing business, targeting at American and European clients and multinational companies in China. This JV will focus on high-end outsourcing services, and already signed a contract in offshore development as well as a trial contract from a Chinese telecom company. As an SEI-CMM Level 5 software services organization, Zensar has been providing solutions to Fortune 500 companies and other clients for over a decade. With its experience in over 1,000 projects and more than 5,000 person- years of software development services, Zensar is among the leading software exporters from India. The contract value of Zensar was over 60 millions USD in 2003. 'The establishment of the joint venture with Zensar will enable us to enlarge the American and European market share and to be more competitive than other domestic service providers. We anticipate that this joint venture will generate 2 millions USD worth of contract in the coming 12 months', said Dr. Hongbing Lan, President and CEO of BroadenGate Systems Inc. Contact: Freeman BroadenGate Systems, Inc. Tel: +86-755-26010027 Email: DATASOURCE: BroadenGate Systems, Inc. CONTACT: Freeman of BroadenGate Systems, Inc., +86-755-26010027, or

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