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US Technology Opens New Development Center in Chennai, India
  US Technology is now UST Global - press release
  (Every mention of US Technology in this section refers to UST Global)
Center Will Help Meet 2007 Software Development and BPO Growth Needs.
Aliso Viejo, California, January 16, 2007 - US Technology, a leading provider of IT services and Business Process Outsourcing (BPO) solutions for Fortune 500 and Global 2000 enterprises, today announced the opening of a new development center in Chennai, India. This center is the second US Technology development center in Chennai. The new center will be dedicated to software development and application maintenance while the first center will handle BPO operations.

The ribbon cutting ceremony was presided over by Mr. C.Y. Lee, CIO and ITSC head, DHL Asia Pacific and Tim Allan, head of procurement and vendor management, DHL Asia Pacific. US Technology provides DHL Asia Pacific with IT application support and Web-based application development.

The $12-million facility will accommodate 500 employees initially. US Technology is slated to occupy 185,000 square feet and plans to hire 2,500 employees within the next 18 months. The facility is located in the IT corridor, the premiere area for IT companies, on Old Mahabalipuram Road.

"We built our initial Chennai center two years ago because Chennai is one of the most desirable tier-1 cities in India. In the last 12 months we doubled our headcount in Chennai and, in the second half of 2006, we added several large new global enterprise clients. Our aggressive growth last year led to the need to expand our Chennai operations," said G.S. Krishnamoorthy, India operations head for US Technology. "Our new center in Chennai proudly offers a whole array of niche and high-end talent pool and domain expertise to cater to the ever-increasing demands of our global clients and to exceed their expectations."

Many research reports consistently rank Chennai as a highly desirable city due to its reasonable cost of living and commuting time, the availability and affordability of housing, and excellent educational system. In fact, Chennai annually produces more than 50 percent of the electronics and computer science graduates in the country. Many companies prefer IT professionals from the area as they are English-speaking. Both of the US Technology centers will be able to leverage the diverse skill sets available throughout the city.
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