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Announces alignment of Company to address increased cost consciousness of

Piscataway, NJ, USA and Mumbai, India - (April 5, 2001) - Silverline
Technologies Limited (NYSE: SLT and SLT.PR), an international software
development and integration services firm, announced today that Rajan Nair,
formerly the Chief Operating Officer of SeraNova, Inc., has been appointed
to the position of Chief Operating Officer of Silverline effective
immediately, following Silverline's acquisition of SeraNova as of March 6,
2001. This appointment coincides with Silverline's finalization of its
operating plan for the Company's current fiscal year, which commenced on
April 1, 2001.

"Having built the SeraNova business from scratch, Rajan Nair has proved that
he can lead in good economic times and bad," said Shankar Iyer, Chief
Executive Officer of Silverline. "Rajan is a great addition to Silverline's
executive team. Having been in the trenches himself, he understands the
business and what makes our clients tick." Nair was instrumental in creating
and building the Internet Services business unit, which eventually became
SeraNova. Nair served as the Chief Operating Officer of SeraNova from its
January 2000 formation as an operating unit and subsequent spin off from its
former parent, Intelligroup, Inc.

Silverline has completed the integration of the businesses of Silverline and
SeraNova into what is now, from an operational standpoint, the 'greater
Silverline'. Silverline is now organized along vertical industry lines, in
order to better respond to the needs of Global 2000 clients, with a set of
value-based application development, management and maintenance services,
provided via Silverline's global network of development centers. At the
core of this global network are low-cost, offshore development centers in
India and Egypt.

"We have all seen the dramatic change towards cost consciousness by Global
2000 customers and Silverline is well positioned to respond to their needs,"
said Nair. "We intend to promote our offshore-based delivery capabilities,
to help clients lower the total lifecycle cost of their applications." He
continued "However, our clients are telling us that cost, while important,
is not the only factor. Business and technical domain expertise is still

Silverline's target vertical sectors are automotive/discrete manufacturing,
financial services, healthcare insurance and technology/telecommunications.
These sectors are supported by horizontal domain specialists in enterprise
information portals, ePayments and mobile enablement, as well as business
process specialists in areas such as customer relationship management (CRM),
eProcurement and online marketplaces, channel management and employee

Commenting on the client base of the combined company, Nair added "We have
some great names in our client roster and we intend to place increased
emphasis on maintaining and building on those client relationships. A key
element of our vertical industry alignment will be the management of
strategic client relationships, to help ensure that we tap into the
potential of our people and organization to be able to deliver the best
results to our clients."

Coincident with the integration of Silverline and SeraNova, Silverline
unveiled a new corporate logo and web site ( "Logos
don't win business," said Iyer. "But our new logo helps identify the new
personality for the 'greater Silverline' - that combines the best of
Silverline and SeraNova."

About Silverline
Silverline Technologies Limited (NYSE: SLT and SLT.PR) is an international
software development and integration services firm, with over 2,600 software
professionals world-wide.
Silverline provides a comprehensive set of eBusiness consulting and IT
services, including strategic consulting, creative design, technology
integration and implementation, as well as management and maintenance of
Internet and legacy applications.
Silverline focuses primarily on Global 2000 clients in key industry sectors,
such as automotive/discrete manufacturing, financial services,
healthcare/insurance, technology and telecommunications. The Company also
has extensive experience in technologies such as mobile and wireless
applications, ePayments and enterprise information portals, as well as in
business processes such as customer relationship management (CRM),
eProcurement and online marketplaces, channel management and employee
Silverline delivers its services through a global network of software
development centers. At the heart of the network are core offshore centers
in Bangalore, Chennai, Hyderabad and Mumbai, in India, and Cairo, Egypt.
These centers support regional development facilities located close to
clients throughout North America, Europe and Asia Pacific. With SEI CMM
Level 4 and ISO 9001 certified processes, Silverline uses this Global
Delivery Model to provide superior service, accelerated delivery and
significant cost savings to clients around the world. Visit Silverline on
the World Wide Web at
NOTE: Silverline, the Silverline 'S' logo and 'The Power of Approach' are
registered trademarks and SeraNova, the SeraNova logo, 'i-team and N/able
are service marks of Silverline Technologies Ltd. in the United States and
other countries. All other trademarks are the property of their owners.
Except for the historical information and discussions contained herein,
statements included in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements involve a number of risks,
uncertainties and other factors that could cause actual results to differ
materially from those than may be projected by these forward-looking
statements. These risks and uncertainties include, but are not limited to
competition, acquisitions, attracting, recruiting and retaining highly
skilled employees, technology, law and regulatory policy and managing risks
associated with customer projects as well as other risks detailed in the
reports filed by Silverline Technologies Limited with the Securities and
Exchange Commission. Silverline undertakes no obligation to update
forward-looking statements to reflect events or circumstances after the date

For further information please contact:

United States:

Investor Inquiries:

Wendel Carson Brunswick Group +1.212.333.3810 -

Peggy Coleman Silverline +1.732.457.0200 -

Media Inquiries:

Richard Bevis Silverline +1.732.362.2343 -


Investor Inquiries

Shiv Muttoo Citigate Dewe Rogerson + -

Media Inquiries

Lawrence Alfonso Silverline +91.98.480.

This press release was distributed by ResponseSource Press Release Wire on behalf of Silverline Technologies in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit