Back to 2005 Press Release

Caresoft Caresoft Gains National Recognition

Caresoft Named among Nation’s Top 100 Diversity Businesses


EDISON, NEW JERSY, 4TH NOVEMBER 2005 - In recognition of the economic power of multicultural businesses, DiversityBusiness.com, the nations’ leading multicultural internet site, recently named Caresoft Inc as one of the top 100 diversity-owned businesses in New Jersy (Div100).

The Div100 is the 6thh annual listing of New Jersy’s top 100 diversity-owned businesses. Ranging in revenue size from $1,100,000 to over $2,500,000,000, the companies listed on the Div100 represent the New Jersy’s top multicultural earners and challenge the long-held notion that a diversity-owned business is small or insignificant. Div100 members are sought after by major corporations wishing to increase spending with diversity owned companies.

The Impact of Diversity Business

Major corporations wishing to increase market share realize it is no longer just “the right thing” to do business with diversity owned companies. Affected by recent economic and demographic trends and changes, corporations throughout the country have recognized that buying products and services from diversity owned companies positively impacts their business. Diversity-owned businesses contribute over $1.4 trillion in sales to the U.S. economy.

“Diversity businesses and consumers are a growing force in the U.S. economy, and a force to be reckoned with,” said Deepak Khare, CEO of Caresoft Inc. “It’s no longer only about the Fortune 1000. This is a whole business segment that can carry its own, that provides jobs, products and services, and generates wealth for their communities. These are the new leaders in American business.”

The Div100

The Div100 is a classification that represents the top 100 diversity-owned (women, Blacks, Hispanics, Asians, Native Indian and other minority groups) businesses in New Jersy, in sectors such as technology, manufacturing, food service and professional services. Large organizational buyers throughout the country that do business with multicultural and women-owned businesses use the list. The Div100 is produced annually by DiversityBusiness.com, the nation's leading multicultural B2B Internet portal that links large organizational buyers to multicultural product and service suppliers.

The winning companies will be honored at a special awards ceremony at DiversityBusiness.com’s 6thh Annual Multicultural Business Conference, taking place March 29 – March 31, 2006 at the MGM Mirage in Las Vegas, Nevada.

“We appreciate Div100’s leadership in promoting Minority Owned Businesses and helping create a collaborative environment between large corporations and Minority Owned Businesses.” said Deepak Khare. “Small & Medium Businesses are the Engines of economic growth and job creation in the U.S. economy. A strong partnership among a diverse set of companies makes the whole economy much better for all.”

“The Div100 companies are the heroes of diversity-owned business in New Jersy,” said Kenton Clarke. “While Fortune magazine lists the best companies for minorities to work for, we list the top businesses owned by minorities. These are the people that have conquered the hurdles and made the sacrifices, building and strengthening their communities, providing jobs and helping to keep the fabric of the U.S. economy together.”

For the complete list of winning companies, please visit:
www.diversitybusiness.com

About Caresoft Inc.

Caresoft Inc. was founded in 1994 as an IT Professional Services provider. Its staffing and consulting solutions support a broad spectrum of clients ranging from funded ventures to fortune 500 companies. It has a strong presence in the United States and in India with offices in both the countries. At Caresoft Inc, we believe in providing practice based IT staffing and consulting solutions. Caresoft has been built on the solid technical backgrounds and visionary foresight. In 2005, Caresoft Inc. was named among the fastest 50 growing technology companies of Deloitte & Touche's prestigious "Technology Fast 50". The 50 fastest growing technology companies in New Jersey were selected based on revenue growth from 1998-2005. Nominated for 2004 Fortune List of - 100 Best SM Companies to work for - Great Places to Work Institute / Fortune

About DiversityBusiness.com

Launched in 1999, with over 30,000 members DiversityBusiness.com is the largest organization of diversity-owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies and colleges and universities. Members use the sites technology to find and track new business opportunities. It also produces the country’s largest conference on diversity education and training for major corporations and small business. Its research on top businesses appears in Fortune, Forbes and numerous magazines and media publications. The site has gained national recognition and has won numerous awards for its content and design. DiversityBusiness.com is produced by Computer Consulting Associates International Inc. (CCAii.com) of Southport, CT. CCA was founded in 1980 by CEO Kenton Clarke.

For additional information, please contact:

Diju Divakaran
Manager, Human Capital Development

Caresoft Inc.
732-248-7825 X 252