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AIS and InnoVest Group Establish Strategic Partnership to Launch Software Centers of Excellence (SCOE) in Middle East, North Africa (MENA), Central Asia and Brazil According to Carnegie Mellon Software Engineering Institute Standards

MCLEAN, VA -- (Marketwire) -- 02/11/09 -- Advanced Information Services Inc. (AIS), headquartered in Peoria, IL, announced today that it has entered into a strategic partnership with The InnoVest Group, LC, a premier international management consulting and professional services firm, to launch Software Centers of Excellence (SCOE) in the Middle East & North Africa (MENA), Central Asia and Brazil. The goal of the partnership is to advise policy makers, academia and the industry in MENA, Brazil and Central Asia countries to promote national initiatives to compete successfully in the one trillion dollar global software industry. The AIS and InnoVest partnership will promote the SCOEs as a unique solution to train, coach, mentor and employ thousands of professionals in disciplined software engineering methods pioneered by Carnegie Mellon University (CMU) Software Engineering Institute (SEI).

The AIS and InnoVest Group partnership will provide consulting and evaluation services initially to software companies in Saudi Arabia, Brazil, Kuwait, Bahrain, Jordan and Azerbaijan. The operation will expand to Qatar, Morocco, Kazakhstan, Tunisia, UAE, Oman, Yemen, and Turkey at later phases. With a trained workforce, these countries will be able to compete successfully in the global technology markets by partnering with companies from China, India and the U.S., offering cost-effective and high quality solutions. "The AIS and InnoVest Group SCOE is the first of its kind in the software industry that is based on all three of the Carnegie Mellon University (CMU) Software Engineering Institute (SEI) models of software excellence, namely Capability Maturity Model Integration (CMMI®), Team Software Process(SM) (TSP(SM)), and Personal Software Process(SM) (PSP(SM))," said David Dastvar, managing partner of The InnoVest Group.

AIS and InnoVest Group will advise policy makers of these countries on national initiatives to create and operate the SCOEs in science and technology parks and economical zones. The high profile initiatives will promote a culture of excellence with the goal of successfully competing in the global IT outsourcing industry. "We will integrate the SCOEs with regional economic development initiatives and connect with the academic and industrial centers of excellence to assure propagation throughout the software development industry," said Mr. Dastvar.

AIS CEO Girish Seshagiri said, "I am excited about the opportunity to partner with The InnoVest Group, a well known global management consulting company with access in the MENA, Central Asia and Brazil markets. David Dastvar's vision and relationships with policy makers in these regions coupled with AIS's subject matter expertise in SCOE will make our partnership a win-win for the emerging market economies and accelerate their transition from natural resources economy to knowledge-based economy."

About AIS

Advanced Information Services Inc. (AIS) was established in 1986 in Peoria, Illinois by Girish Seshagiri after a successful career at Caterpillar Inc. AIS has offices in Peoria, Illinois, McLean Virginia, and Charleston, South Carolina. AIS' core competencies include: quality software development at predictable cost and schedule, and software process improvement consulting. AIS is a Software Engineering Institute (SEI) partner for CMMI and TSP. AIS is one of the winners of the IEEE Computer Society Software Process Achievement Award, which is patterned after the Malcolm Baldrige National Quality Award.

About InnoVest Group, LC

The InnoVest Group, LC is a management consulting and professional services company headquartered in McLean, Virginia, USA. InnoVest predominantly provides systems integration for enterprise architecture, software development, business process outsourcing, data center, virtualization and infrastructure. InnoVest serves Global clients in Banking, Insurance and Financial Services (BIFS), Transportation, Communication, Petrochemical, Health, Manufacturing, as well as Oil & Gas sectors. We advise organizations and clients to implement strategic and infrastructure projects, monitoring their progress to ensure quality and efficiency. We help leaders make distinctive and substantial improvements to the performance of their business and tackle their most difficult issues and serious challenges while adapting to an ever- integrating global economy.

For more information please contact David Dastvar, managing partner of The InnoVest Group, LC Phone: 1+703-250-0399, Email: [email protected], www.theinnovestgroup.com.

® CMMI is registered in the U.S. Patent and Trademark Office by Carnegie Mellon University.

(SM) Team Software Process, TSP, Personal Software Process and PSP are service marks of Carnegie Mellon University.

CONTACT:
Girish Seshagiri
Advanced Information Services Inc.
1+703 286 0781
www.advinfo.net

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