QAI merges global operations

BTS invests in QAI India to facilitate the strategic acquisition, Navyug
Mohnot takes over as global CEO of QAI.

QAI USA and QAI's international family of companies spanning USA, India,
Singapore, Malaysia, China, UK, Canada, have merged into one global
organization. Bill Perry, founder of QAI USA, and Navyug Mohnot, CEO and
President of QAI India, have been working with QAI's key stakeholders to
orchestrate this consolidation. Navyug Mohnot takes over as the CEO of the
global organization.

Mohnot, speaking from his corporate office in New Delhi, India, stated, "The
goal of the merger is to increase the value QAI can bring to its clients through
a substantially larger portfolio of products and services." Mohnot further
stated that, "By leveraging the best talent from QAI's global operations, QAI
can provide integrated and deep set of interventions in client organizations
resulting in operational efficiencies, quality, customer satisfaction and
competitiveness in the target companies."

Tom Ticknor, COO, QAI USA said, "This merger provides the global QAI the
necessary resources to 'breakthrough' to the next level of products and services
that our clients have been requesting while maintaining the high level of
quality the industry has grown to expect from QAI." He further clarified, "With
the increased diversity of our offerings, our integration group is stratifying
the portfolio so the team can provide multi layered solutions to our clients."

Recently, QAI India diluted an undisclosed minority stake and received
funding for this acquisition and for augmenting and scaling the Education and
Training business. QAI India has been partly funded by BTS India Private Equity
Fund managed by a Swiss based PE fund management company to finance the
strategic expansion. BTS invested around Rs 14 crore in QAI India recently and
made a follow-on funding of Rs 10 crore. Thus, BTS has invested an aggregate of
around Rs 24 crore for a minority stake in the company.

K Srinivas, Managing Partner, BTS Said, "QAI India is the only Indian company
providing 'Operational Excellence' to IT, ITeS and other knowledge-based
industries with presence in all the segments of the value chain. The company is
rolling out its expansion plans in a very logical and systematic manner.
Firstly, strategic lines of businesses like Quality Process Outsourcing (QPO),
then the learning and education and now zeroing in on acquisitions, has
positioned the company amongst the top few global companies with a potential to
become the global leader."

QAI's 'Operational Excellence' thrust includes addressing the areas of
Process Management, Quality Management, Innovation Management, Project
Management, IT Service Management, to name a few areas.