FARMINGTON HILLS, Mich.--June 25, 2003--Covansys Corporation (Nasdaq: CVNS), a global consulting and technology services company, today announced the promotion of Krishnaswamy "K.S." Subrahmaniam to president and chief executive officer of its wholly owned subsidiary, Covansys (India) Private Limited. Effective immediately, Subrahmaniam will report directly to Martin C. Clague, president and CEO of Covansys.
Subrahmaniam has been serving as president and chief operating officer of Covansys India since July 2002. He will assume the role of CEO from V.V. Sundaram, who is leaving to pursue other opportunities.
Sundaram joined the company in 1993 and has served as chief executive officer of Covansys India since 1996. He was instrumental in positioning Covansys as an industry leader in transparent, offshore outsourcing. Under his leadership, Covansys India grew from 50 to nearly 2,000 employees, and continues to earn global recognition for its high quality IT work and commitment to meeting client technology needs effectively and efficiently.
"I am confident K.S. will capitalize on Covansys' offshore strategy and our company's unique ability to offer top quality, transparent, strategic outsourcing," Clague said. "K.S. has been with Covansys for almost a decade and will help us grow rapidly as the global IT market continues to expand and improve. Everyone at Covansys would like to thank V.V. Sundaram for his dedication and tireless commitment to the company. We will continue to work hard to build upon his accomplishments."
As president and COO of Covansys India, Subrahmaniam managed the company's highly rated offshore operations, including sales and marketing for the entire Asia-Pacific region. Subrahmaniam led Covansys India to attain SEI CMM Level 5(R) certification in process maturity, and Level 5 of the People Capability Maturity Model (PCMM). Most recently, under his leadership, Covansys India was awarded the International Organization for Standardization (ISO) 9001:2000
certificate of approval for its Chennai and Bangalore development centers.
As a U.S.-based technology services provider with 12 years of experience at offshore outsourcing, Covansys has mastered the ability to provide on-site project management while its high quality development centers in India execute application, maintenance and development work, allowing clients to reap the benefits of speed to market, flexible resource deployment, 24x7 availability and financial savings.
Covansys offers one of the largest offshore capabilities among U.S.-based technology services providers, and has supported more than four-dozen top companies, including, Guardian Life Insurance Company, Henry Ford Health Systems, J.D. Edwards and SIRVA.
"I look forward to the new challenges that accompany my new role as CEO, and am committed to supporting Covansys' aggressive growth strategy," said Subrahmaniam. "Covansys was far ahead of the curve in recognizing the immense value that top quality, transparent outsourcing offers to enterprises in every industry. Working with the Covansys team in India and the United States, we will build upon our foundation of satisfied customers to attain greater levels of success as the business technology market improves."
Prior to Covansys, Subrahmaniam worked in the R&D division of one of India's premier telecommunications companies and was responsible for projects in areas of SCADA, embedded systems, network management systems, and telecom switching and transmission systems. He holds an engineering degree in Electrical and Electronics from the College of Engineering Guindy, Madras and a Post Graduate degree in Business Administration.