SAN RAMON, California, September 2 /PRNewswire/ --

Achievo(R) Corporation, a software outsourcing and information technology services provider, is proud to announce it is working with The InnoVest Group, LC, a US based management consulting and joint venture firm, to provide IT outsourcing (ITO) services and solutions in the Middle East, initially in Saudi Arabia, UAE, Bahrain, and Jordan. Achievo offers its clients local account management and project delivery capabilities through its regional offices in Japan, North America, Europe and Greater China that are integrated with and supported by its offshore delivery centers in China and its headquarters in the United States.

As the Middle East countries strive to develop knowledge-based economies beyond oil, businesses are experiencing a rapidly growing demand for IT infrastructure and enterprise architecture services. Demand for ITO and business process outsourcing (BPO) is growing. This is especially the case in the Gulf Cooperation Council (GCC) with its rapid economic growth. Achievo and InnoVest believe a skills shortage and reluctance by businesses to invest outright in IT are driving the demand.

"With more than 160 banks in and around the region, the Middle East is becoming a financial services destination and we believe there is substantial opportunity for Achievo," said Nestor G. Cruz, president of Achievo's North America Business Group. "Achievo has a well-established track record around technologies that support the automation of financial processes. We have implemented technologies to support corporate credit card systems, payment settlements, and purchase cards vs. payment cards, among other IT needs. Additionally, many financial institutions are currently faced with the need to migrate from legacy systems to new platforms, something Achievo excels at and has acquired specific qualifications and certifications from companies such as HP."

"Achievo presents an attractive alternative to other ITO providers in this region," said David Dastvar, managing partner of The InnoVest Group. "As the Middle East strives to move its economies beyond oil, there is a clear need for ITO that is geared to mid sized projects. Most of the ITO resources in this region are large IT companies from the US and India. We haven't seen anyone geared towards the mid-tiered players. Achievo has the capacity and scale of the large IT companies but with more experience and responsiveness toward small to medium sized projects. Achievo's ability to bring US program management skills with Japan, Germany, Canada, and China development and delivery centers to the projects gives them a unique menu of technical capabilities, price competitiveness and project delivery expertise.

"Additionally, few players in this region are focusing on disaster recovery. Achievo has differentiated itself by obtaining the appropriate back end security certifications that will allow Middle East financial institutions to establish their own local development centers in China where they can create IT solutions that will help sustain the region's emerging financial economy. We believe these capabilities combined with InnoVest market access and MENA business intelligence is the recipe for success," said Dastvar.

About Achievo Corporation

Achievo Corporation is a leading provider of software outsourcing and information technology services to a global client base primarily through its regional offices in Japan, North America, Europe and Greater China. All seven of Achievo's delivery centers in China are ISO-27001 certified, of which two are also ISO-9001:2000 certified and another is CMMI level 5 certified. In addition, Achievo's facilities in Germany are ISO 9001:2000 certified. With expertise in diverse technologies including Java/J2EE, .NET and embedded platforms, Achievo offers improved efficiencies, scale, diversification, and a skilled talent pool to deliver cost-effective, client-centric, and scalable IT outsourcing services to clients worldwide. Headquartered in the San Francisco Bay Area, Achievo has offices in the United States, Canada, Germany, China and Japan. For information on the company and its services, visit

About InnoVest Group, LC

The InnoVest Group, LC is an information technology (IT) and business services company headquartered in McLean, Virginia, USA. InnoVest predominantly provides systems integration and professional services, enterprise architecture, business process outsourcing, data center solutions, and IT infrastructure outsourcing. InnoVest serves Global clients in Banking, Insurance and Financial Services (BIFS), Transportation, Communication, Manufacturing, as well as Oil & Gas sectors.

For more information please contact David Dastvar, managing partner of the InnoVest Group, LC Phone: +1-703-250-0399, Fax: +1-703-250-0981, Email:,

(C) 2008 Achievo Corporation. All rights reserved. Achievo is a registered trademark of Achievo Corporation in the United States and in other countries. All other trademarks are the property of their respective owners.

CONTACT: Jayme Curtis, Public Relations Achievo Corporation +1-408-892-8661 Web site:

Jayme Curtis, Public Relations, Achievo Corporation, +1-408-892-8661,; David Dastvar, managing partner, InnoVest Group, LC, +1-703-250-0399, Fax: +1-703-250-0981,