BUCHAREST, Romania, Dec. 20 -- TechTeam Akela SRL, a provider of software development outsourcing and offshore/nearshore solutions from Eastern Europe and a wholly-owned subsidiary of TechTeam Global, Inc. (NASDAQ:TEAM), announced today that it has received the Capability Maturity Model Integration Level 3 certification (CMMI-DEV STAGED
v1.2) for projects where the TechTeam Akela methodology (Process Library) is used. TechTeam Akela becomes the first Romanian company to hold a CMMI-DEV certification, reflecting the outstanding growth of the Romanian IT market and underlining its position as a leader of quality in the industry.
TechTeam Akela also reinforces its position in the international market by being among the first companies in Europe to receive the CMMI certification under the new version of the Standard 1.2 released in August 2006.
"We are thrilled to receive this recognition of our efforts. The CMMI certification stands as proof that we are a leader in the software development outsourcing industry," said Lucian Butnaru, Chief Executive Officer and founder of TechTeam Akela. "TechTeam Akela is committed to continuing and further improving our quality processes. We will strive to reach CMMI Level 5."
Richard Basque, President and founder of Alcyonix, conducted the evaluation as the SEI-Authorized Lead Appraiser (ref. 0000087-00) and commented, "Achieving the CMMI Maturity Level 3 represents a significant milestone. We were impressed with TechTeam Akela's internalization of the 'process way.'
By sharing lessons learned and historical data across projects, TechTeam Akela proves to be a true learning organization."
TechTeam Akela SRL is a premier provider of nearshore/offshore software development outsourcing solutions to a large client base in Western Europe and the United States, as well as Central and Eastern Europe. TechTeam Akela brings together top technical talent and a professional, CMMI-based approach to software development and nearshore delivery, for a high added-value to our clients' businesses. For more information about TechTeam Akela and its services, visit www.akelasoftware.com.
TechTeam Global, Inc. is a worldwide provider of information technology and business process outsourcing services to Fortune 1000 corporations, multinational companies, product providers, small and mid-sized companies and government entities. TechTeam's ability to integrate computer services into a flexible, ITIL-based solution is a key element of its strategy.
Partnerships with some of the world's "best-in-class" corporations provide TechTeam with unique expertise and experience in providing information technology support solutions, including IT outsourcing services, government technology services, IT consulting and systems integration, technical staffing and learning services.
For information about TechTeam Global, Inc.
and its services, call 1-800-522-4451 or visit www.techteam.com. TechTeam's common stock is traded on the Nasdaq Global Market under the symbol "TEAM."
Headquartered in Southfield, Michigan, TechTeam also has locations in Dearborn, Michigan; Davenport, Iowa; Chantilly, Virginia; Portsmouth, Rhode Island; Bethesda, Maryland; Brussels and Gent, Belgium; Uxbridge, United Kingdom; Cologne, Germany; Gothenburg, Sweden; and Bucharest, Romania.
Safe Harbor Statement
The statements contained in this press release that are not purely historical, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding, among other things, the growth of the Company's core business, revenue, and earnings performance going forward, management of overhead expenses, productivity, and operating expenses. Forward-looking statements may be identified by words including, but not limited to, "anticipates," "believes," "intends," "estimates," "promises," "expects,"
"should," "conditioned upon," and similar expressions. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward- looking statements as a result of various factors. Such factors include, but are not limited to the ability of TechTeam Akela to continue to further develop and implement its quality processes. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also review all aspects of the Company's Reports on Forms 8-K, 10-Q, and 10-K filed with the United States Securities and Exchange Commission, including Management's Discussion and Analysis, and the risks described therein from time to time.
CONTACT:
Laura C. Szczybor,
Director, Corporate Communications of TechTeam Global, Inc.,
+1-703-956-8198, or
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,
Web site:
http://www.techteam.com/
http://www.akelasoftware.com/
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