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Moai Technologies Strengthens its Relationship With Chrysalis Information Systems Limited of India

Offshore Product Development to Expand Capabilities of Moai’s e-Sourcing Solution

PITTSBURGH - Moai Technologies, Inc., a leading provider of technology-enabled sourcing solutions, announced today the signing of an agreement that strengthens its alliance with Chrysalis Information Systems Limited, an India-based software company with expertise in n-tier framework development and enterprise integration. The expanded partnership will allow Moai to significantly shorten its product development cycle, while reducing development costs. Chrysalis has successfully collaborated with Moai for the last two years on product development and quality assurance of Moai’s CompleteSourceÔ solution suite. With the strengthened alliance, Moai’s U.S. product development and management teams will continue to define the strategic direction of its application suite and functionality requirements, while IT professionals at Chrysalis will have increased responsibilities in quality assurance, coding and testing. With more than 150 IT professionals, Chrysalis will enable Moai to more quickly increase the breadth of its solutions.

“In response to the growing e-Sourcing market, we have been looking to complement our development capabilities in North America with more cost-effective offshore capabilities,”
said Mike Nelson, managing director of Redleaf Group, Inc. and chairman of Moai’s board of directors. “A continued strategic partnership with Chrysalis will allow us to better manage engineering costs, while retaining complete control over our application suite."

“We work closely with our customers and know what they are expecting from us as we extend the capabilities of our e-Sourcing applications,” said Ramesh Mehta, CEO of Moai Technologies. “By deploying programmers and QA/support professionals offshore, we will be able to create a 24-hour development process, allowing us to more rapidly respond to changes in the marketplace and deliver solutions that will meet our customers’ expanding sourcing needs. This strategic relationship will not only strengthen and broaden our product development capability, but will also vastly expand our customization and integration services – an increasingly important need in the e-Sourcing marketplace.”

“We have enjoyed working with Moai thus far,” said Alok Arora, president of Chrysalis, “and are looking forward to playing a more active role in developing new applications that will build on the success of its strategic e-Sourcing solution.”

About Chrysalis Information Systems Limited
Established in 1987, Chrysalis Information Systems Limited (CISL) is a pioneer in software solutions. The company has successfully executed large projects and product development for n-tier framework, enterprise application integration and wireless applications. Chrysalis maintains an offshore development center in SEEPZ, Mumbai, as well as offices in New Delhi and Pune in India, and in California and New Jersey in the United States. A team of 150 IT professionals, with more than 250 years of combined experience, enables Chrysalis to deliver world-class solutions to leading companies such as Citibank, Intel, GE Capital, KPMG, Goldman Sachs, CS First Boston and Standard Chartered Bank. The company has further strengthened its service and product offerings by forging alliances with IBM, SalesLogix Inc. and Vision Solution Inc. For more information, visit Chrysalis online at

About Moai Technologies
Founded in 1996, Moai Technologies is a provider of sourcing consulting services and technology-enabled solutions that allow corporations and e-Marketplaces to realize the maximum savings possible through e-Sourcing. Moai’s solutions can be customized and scaled to meet the needs of large and mid-sized organizations, no matter where they are in their strategic sourcing process. Moai gives its customers the level of support and control they need through flexible deployment options and consulting packages. Moai also enables its customers to achieve greater productivity and profitability through thoughtful integration of spend analysis, sourcing management and contract management.

Moai has licensed its solutions to more than 145 customers in 18 countries from a variety of industries, including retail, manufacturing, forest products, chemicals and metals. Through strategic e-Sourcing, Moai’s customers have sourced more than $10 billion in goods and services and have realized savings of more than $1 billion. Moai investors include market leaders such as Redleaf Group, Accenture Technology Ventures, Hewlett-Packard, Intel, Merrill Lynch, Harbourvest Venture Partners, Reuters and UPS. For more information, visit Moai online at

For more information, contact:
Ravi Ghai
Moai Technologies, Inc.
412.968.5490 ext. 334

Betsy Henbest
Skutski & Oltmanns, Inc.



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