SAN RAMON, California, September 30 /PRNewswire/ --

Achievo(R) Corporation, a software outsourcing and information technology services provider, today announced plans to make available its broad expertise across multiple technology platforms in deploying software solutions in support of data center migration for the Banking, Insurance and Financial Services (BIFS) sectors in the Middle East. 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.

"Achievo has a strong track record around technologies that support the automation of financial processes, including successful projects for some of Canada's leading financial services organizations," said Nestor G. Cruz, general manager of Achievo's North America Business Group. "Achievo has implemented technologies to support corporate credit card systems and payment settlements, among other IT needs. Additionally, many financial institutions are currently faced with the need to modernize legacy mainframe systems to newer web-based platforms and Achievo has specific expertise in helping to ease this migration. Achievo also has a strong IT service management practice focused on automating ITIL (Information Technology Infrastructure Library) best practices with a specialized focus on migrating clients to newer applications such as HP Service Manager."

Achievo has teamed with InnoVest Group, LC, a Virginia-based management consulting and professional services firm with extensive Middle East market reach and project experience, to provide IT outsourcing and application deployment assistance to the BIFS sector. InnoVest is identifying opportunities and forming strategic partnerships with market leaders to make Achievo's proven solutions available to the end-user community.

"IDC's End-User Perspectives on the Middle East Managed Services Market Report, published April 2008, is based on 298 one-on-one interviews with end-users. According to this report, more than 40 percent of surveyed end-users plan to outsource application assistance in support of data center modernization," said David Dastvar, managing partner of InnoVest Group. "IDC has further identified a high-end skills shortage in the application software field and a general reluctance by Middle East businesses to invest outright in the internal IT infrastructure and organization. This is driving the demand to outsource data center migration projects throughout the region. Achievo offers expertise in a wide variety of technologies to help clients deliver on technical solutions that address business problems. Achievo's skilled technical resources possess specialized knowledge in market-leading technologies such as J2EE, Open Source Frameworks, Oracle, IBM Web Sphere, DB2 and Tivoli, Microsoft .NET, SQL and Sharepoint, and HP Peregrin, Openview and Mercury.

"Further, we believe Achievo's global business model, with its China back end, local front end, is particularly well suited to the needs of the banking and financial sector in the Middle East. Achievo has the scale, responsiveness and experience to support dynamic, high growth, high transaction-complex environments. Achievo's business model and strong track record ensures that BIFS clients will have cutting edge technology and program management cost effectiveness," said Dastvar. "Initially, we are making our solutions available to BIFS in Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Egypt, and Jordan. Later we will expand into other vertical markets and countries in the region, including the transportation, communication, oil & gas, petrochemical, and manufacturing sectors."

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 a management consulting and professional services company headquartered in McLean, Virginia, USA. InnoVest predominantly provides systems integration for enterprise architecture, business process outsourcing, data center, virtualization and infrastructure. InnoVest serves Global clients in Banking, Insurance and Financial Services (BIFS), Transportation, Communication, Manufacturing, as well as Oil & Gas sectors.

We advise organizations to implement strategic projects and enter new markets, monitoring their progress to ensure quality and efficiency in the joint ventures. We help leaders make distinctive and substantial improvements to the performance of their business development and tackle their most difficult issues and serious challenges while adapting to an ever-integrating global economy.

For more information please contact David Dastvar, managing partner of the InnoVest Group, LC Phone: +1-703-250-0399, 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 of Achievo Corporation, +1-408-892-8661,