Back to 2007 Press Release

Caresoft nominated for fifth year in a row - among Deloitte's Technology Fast 50 Program for New Jersey.

Edison NJ, July 30, 2007-Caresoft Inc has been named to Deloitte's prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. They are the companies that rally behind innovation. They break down obstacles and systematically defy the odds. The Technology Fast 50 is a listing of the 50 fastest growing technology companies in a given geographic area based on five-year percentage growth. A special category of the Fast 50, Rising Stars, includes fast-growing technology companies based on three-year percentage growth. These rankings are based on the percentage revenue growth over six years from 2002–2006.

“Deloitte’s New Jersey Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Paul Mlynaski, Partner, Deloitte Tax LLP in New Jersey. “We applaud the successes of Caresoft Inc. and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Caresoft for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Caresoft to Deloitte’s Technology Fast 50 program for 2007.”

“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years. Caresoft has proven to be one of the fast-growth success stories in New Jersey, and we applaud their dedication to making their vision a reality.”

Caresoft's CEO Deepak Khare credits Teamwork, Attention to Detail and hard work with the company's 652 percent revenue growth from 2002–2006. Mr. Khare said, "We are honored to be recognized by Deloitte and Deloitte & Touche USA LLP, Geller & Company, LLC, The Star Ledger, Sonnenschein , UK Trade & Investment, Newark Regional Business Partnership, Wachovia, Seton Hall University, New Jersey Economical Development Authority and New Jersey Technology Council for our strong performance,"

About Caresoft Inc

Headquartered in Edison NJ, Caresoft is a leader in Custom Software Development, Temporary IT Staff Augmentation and Outsourced QA Services. It is known for the highest quality of IT Specialists who have a wealth of experience serving Telecom, Pharmaceutical, Financial and related industries throughout the world.

Caresoft takes pride in the delivery of Operational Excellence, setting ever-improving standards for the software industry. Its Methodologies are derived from leading Industry Think Tanks including 6 Sigma, CMM, IEEE, among others. This dedication to Processes and Methodologies helps Caresoft deliver Consistent Quality on the time, all the time. For more information about Caresoft, please log on to http://www.caresoftinc.com

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.



For more information about Caresoft, please log on to http://www.caresoftinc.com For additional information,

Please contact:

Humayun Rehan
Manager, Human Capital Development

Caresoft Inc.
732-514-7724