i-Vantage Announces XiB--Joint Venture With Xcela to Provide Cost-Effective Offshore Services to...

BOSTON -- i-Vantage, a leading business expansion enabler, today announced that the Company has formed a joint venture with Xcela, a leading provider of IT resource management and enterprise solutions, to provide cost-effective offshore services to businesses in Canada. XiB Inc, the newly formed

"In recent months, Canada has experienced tremendous demand for BPO and outsourcing services," said Sarosh Bharucha, president and CEO of Xcela and president of XiB. "As companies of all sizes become more familiar with the benefits of offshoring, they are increasingly seeking out solutions that meet their particular demands and criteria. With the InServe solution, XiB is now the only company in Canada that can provide wholly owned captive site facilities in India to Canadian businesses, giving us a great advantage over our competition."

Global InServe enables companies to reduce operational costs while eliminating the traditional challenges associated with deploying and running an offshore operation. In addition, InServe accelerates speed to market and provides a competitive advantage in today's global marketplace. With the help of XiB, Canadian companies create wholly-owned offshore subsidiaries that enable their customers to enjoy much greater access to the security of their intellectual property and proprietary information. XiB operates "plug-and-play" InServe facilities in Hyderabad and Kolkata.

"We continue to experience great demand for our unique offshore services, especially from small and mid-size businesses," said Amit Maheshwari, CEO of i-Vantage. "While companies of all sizes have successfully deployed InServe projects, we are finding that smaller companies looking to tap into the benefits of outsourcing are particularly eager to learn more about our services. There just aren't many providers who are offering cost effective offshore solutions to non-Fortune 1000 companies."

About Xcela

Xcela, Inc is an Ontario, Canada based consulting company focused on end-to-end IT project services via Resource Management, Enterprise Solutions and Business Process Outsourcing. Xcela has experience providing services to the Banking, Insurance, Manufacturing, Retail and Telecommunications markets. For more information visit the company on the Web at www.xcela.ca.

About i-Vantage

i-Vantage, Inc. is a Cambridge, MA based consulting company focused on helping customers leverage the "global village" for 24*7 cross boundary innovation, enhanced scalability and attractive economics. i-Vantage differentiates itself by providing an alternative to traditional offshore outsourcing. i-Vantage believes that U.S. and European companies can better leverage the offshore model by setting up their own shop there (known as the "do-it-yourself" model). Hence, it helps companies leverage offshore resources by helping them plan, create and manage their own offshore-based Global Delivery Centers (GDCs). i-Vantage's main customer segments are technology and software companies, business process outsourcers and IT consulting companies.