Silverline Appoints Former SeraNova Executive Rajan Nair to the Position of Chief Operating Officer Monday 9 April 2001 PDF Print Announces alignment of Company to address increased cost consciousness of clients 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 essential." 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 enablement. 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 (www.silverline.com). "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 enablement. 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 www.silverline.com. ### 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 thereof. For further information please contact: United States: Investor Inquiries: Wendel Carson Brunswick Group +1.212.333.3810 - Silverline@brunswickgroup.com Peggy Coleman Silverline +1.732.457.0200 - peggyc@Silverline.com Media Inquiries: Richard Bevis Silverline +1.732.362.2343 - richard.bevis@SeraNova.com India Investor Inquiries Shiv Muttoo Citigate Dewe Rogerson +91.22.284.2728 - firstname.lastname@example.org 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 https://pressreleasewire.responsesource.com/about.