To offer pension administration and Pension Plan Management Framework

Chennai, July 30, 2008: Congruent, after successfully establishing itself as a provider of IT and back office administration services to the US pensions industry, is now looking to tap the mature UK pension market.

The company has set up an office at Slough, Berkshire. Mr. Mohan Nair, an industry veteran, has been appointed as the VP (Sales-UK). He will be responsible for Congruent's UK operations and business development.

Congruent provides back office support to scheme providers and administrators which covers the entire life cycle of scheme administration. Congruent has expertise in providing these services for both Defined Contribution and Defined Benefits plans. Congruent, which is ISO 9001:2000 certified for its pension administration services will offer comprehensive scheme administration services in UK as well.

Congruent will also have on offer, its Pension Plan Management Framework (PPMF). Congruent's PPMF is an online platform that allows collaboration between plan sponsors, administrators, providers and plan participants. Further, Congruent will also provide specialised software development services, Business Intelligence and Web Content Management services to plan providers and third party administrators, leveraging its unique powerful combination of technology expertise and domain knowledge.

Speaking about its foray into the UK market, Mr. Bala J Raman, President and Co-founder, Congruent Solutions, said, "Congruent understands that UK market is different from US market in its structure and practices. Congruent has invested in domain training and expertise and we are tuning our services to the requirements of UK market. We are also in active dialogue with possible partners to jointly tap the market."

About Congruent Solutions

An SEI CMMi Level 5 and ISO 9001:2000 certified company; Congruent Solutions is a pioneer in providing IT and back office administration services to the pension industry. The company has offices in California, New Jersey, London, Luxembourg and Singapore. Its delivery centre is based in Chennai, India.

The company offers Pension Plan Management Framework (PPMF), an online collaboration tool for plan providers, plan participants, plan sponsors, and plan advisors. It also offers software development services, business intelligence and web content management solution. The company has excellent track record in developing solutions on Microsoft, Java and Open Source technologies. It is a Microsoft Gold Certified Partner.

Congruent's administration services cover both Defined Contribution and Defined Benefits plan. The back office administration service covers the entire life-cycle of pension plan administration.

For further information, contact:

R Sriganesh
+91 44 42238990
Sriganesh.r@cspl.com