Aurora Software Launches Offshore Development Center

New York, November 20, 2003 – In a major effort to deliver and support its products globally, Aurora Software, a premier provider of fixed-income trading systems, has opened an offshore development center in New Delhi, India.

"This new initiative accentuates Aurora’s vision to provide high quality, cost effective solutions," says Neil Arora, CEO of Aurora Software. "Our investment in this effort will allow us to free up our New York resources to do more strategic value added software development work, expand our research and development capability, and help support our increased client base.”

Aurora’s move is part of a growing trend among leading companies of establishing offices in India to tap into its pool of highly skilled IT professionals. The opening of the Delhi development center demonstrates the growing industry acceptance of India’s key role in the delivery of high quality software.

Mr. Arora comments: "With a rapidly growing client base that includes five of the top 10 Wall Street firms, we need to be well ahead of the curve. This expansion gives us the capacity for our next level of growth, provides for round-the-clock workdays and enables us to provide an exceptional level of support for our expanding global market."

Aurora’s Delhi office is staffed by 22 professionals that formerly worked for Vedaris Technologies, one of the top providers of advanced trading and risk management solutions for the global energy market since 1993. "Their expertise in trading systems development, capital markets, enterprise technology and the European markets is invaluable - something that is almost impossible to find in India," adds Mr. Arora.

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