Vancouver, BC January 28, 2004—Momentum Technologies, a global provider of outsourced software development services announced today that Pankaj Agarwal, the company's founder and CEO delivered a presentation to a meeting of The Indus Entrepreneurs (TiE) Vancouver of which he is a Charter Member. TiE members are technology entrepreneurs, venture capitalists and industry leaders in the wireless, IT, biotech and new power industries. The presentation entitled “Perspectives on Outsourcin” provided insight into how organizations can successfully implement an outsourcing strategy for software development and maintenance.

Of particular interest to attendees were the Do’s and Don’ts of Outsourcing, which covered what companies should consider while developing an Outsourcing Program. “Momentum has been working with North American clients for close to 5 years and has developed a very good understanding of what firms need to do,” said Pankaj Agarwal, CEO of Momentum Technologies, Inc, and a recent recipient of Business in Vancouver’s Top 40 Under 40 Award. The presentation emphasized the need for firms to look for processes to address knowledge transfer, set up an effective communication process with the outsourcing partner and look for an outsourcing partner with local presence.? The presentation concluded with a Case Study, citing a project where the customer experienced cost-savings of over 25% and a faster time-to-market by viewing the outsourcing team as an extension of the development team and taking a long-term approach to the outsourcing initiative.

About Momentum

Momentum Technologies, Inc. specializes in Information Technology consulting focused on providing top quality offshore software services to companies who incorporate outsourcing as a key component of their business strategy.? With Momentum’s local presence and offshore software development acumen, clients benefit from a cost savings in excess of 25% process driven development and reduced time-to-market. Founded in 1999 and privately held with CitiGroup as strategic investor, Momentum has offices in the USA, Canada and India with headquarters in Vancouver, BC and 130 employees worldwide.

For further information, please contact:
Farah Jinha, Principal
TechKnow Communications Inc.
Tel. (604) 980-2448

Email: farrah@techknow.ca