Released on: October 13, 2008, 1:08 am

Press Release Author: Extentia Information Technology

Industry: Software

Press Release Summary: CoSMIT is a service provider and consulting company active in
the area of business intelligence, focusing on Actuate- and BIRT-projects, as well
as developing BI tools. CoSMIT supports small and medium-sized companies as well as
multinational corporations in business intelligence, in particular with reporting
projects. Their customers include companies from the financial, pharmaceutical,
insurance and automobile industries as well as from manufacturing.

Press Release Body: Pune, India - October 15, 2008 - Extentia Information
Technology, a global software development company, today announced the formalization
of a strategic development relationship with CoSMIT GmbH, Germany, to provide
software development and consulting services to their European clients.

With their consulting services and software solutions in the business intelligence
space, CoSMIT have enjoyed rapid growth and success and can look back on numerous
profitable years of business. CoSMIT's product and service range covers Actuate
Consulting, BIRT, Portal - and Dashboard development, Databases, Training and custom
tools for Business Intelligence.

With the increasing importance of open source software, BIRT solutions have become
more attractive for organizations of all sizes. And with the increasing demand for
BIRT based skills, CoSMIT, as an established integration service provider, is well
positioned to further drive business and focus on customer needs in Europe.

In talking about the expanded collaboration, Mr. Anand Rahul, Business Unit Head at
Extentia commented, "Extentia is the perfect partner for CoSMIT's increasing needs.
We have substantial experience in enterprise application development; and
specifically, the fit with our Java and open source teams is going to be perfect."

The partnership between CoSMIT and Extentia will allow CoSMIT to offer customers
unique BIRT software solutions for their information processing needs. While the
development of the software will be executed at Extentia's development centre in
India, a team of technical pre-sales experts will work onsite with the CoSMIT team
in Germany. With Extentia's experience in managing global customers and projects,
processes that minimize communication and requirements issues will be rapidly put
into place.

While visiting with Extentia in September, Johannes Schabel, Managing Partner of
CoSMIT commented: "This global delivery model is a compelling opportunity for our
customers that will help them operate more competitively and aggressively in a
shrinking world. The close collaboration model will give our customers total control
over the project while benefiting from a global delivery model. We are excited about
this opportunity and are looking forward to working with Extentia."

When announcing the partnership, Umeed Kothavala, a director at Extentia noted that
"Extentia has valuable experience in building large and complex applications, and
has an incredibly successful track record in delivery. Coupling this experience with
CoSMIT's strengths and presence in Europe is going to create a winning team. CoSMIT
and Extentia have already worked together and this partnership is going to make our
teams operate more seamlessly and bring the best of our strengths together."

The partnership with CoSMIT is part of Extentia's growing European footprint, and
reflects CoSMITs commitment to find the best solution partners for their delivery
models.


Web Site: http://www.extentia.com

Contact Details: Extentia Information Technology
Lane "E", North Main Road,
Koregaon Park,
Pune,
411001
India

Tel: +91-20-26154811, +91-20-26155507
Fax: +91-20-26153104
info@extentia.com