http://www.symphonysv.com () —

Symphony Service Corp. (http://www.symphonysv.com/) , the leader in
global software product engineering services, today announced that it
has acquired CoreObjects Software, Inc (http://www.coreobjects.com) .,
a Los Angeles-based new product development services provider that
specializes in bringing commercially deployable products to market.
With CoreObjects' engineering delivery centers in Bangalore and Pune,
India and its team of highly skilled full-time product engineers and
deep vertical market expertise, Symphony Services will expand its
offerings in the product development and embedded product development
space.

The acquisition also provides Symphony Services with access to
additional re-usable components and frameworks for product
development, including CoreObjects' Smart Objects suite of software
assets designed to speed clients' products to market and create
long-term, high-margin recurring revenue. The Smart Objects suite
includes Smart Machines, a web-based solution for real-time asset
performance management, enabling continuous monitoring and management
of industrial equipment; and smart vitals, an early response system
to improve patient safety and optimize occupancy in hospitals.

CoreObjects specializes in helping emerging and established technology
companies achieve go-to-market, budget and specification goals for
cutting-edge technology products. With 55 active client contracts in
the US, Europe and India, CoreObjects serves clients who are building
new products or revamping existing ones. The company's vertical market
expertise includes automotive; industrial automation; semiconductor
manufacturing; media and entertainment; health and wellness; financial
services; mobile applications; life sciences; and medical devices,
networking and clean tech and energy.

The acquisition provides Symphony Services with unparalleled
intellectual property that will help it advance client market share
within the fast-growing health care sector. A specific example of the
IP Symphony Services has gained includes SmartVitals, a product for
providing in-patient monitoring and warning systems to Hospital
setups.

Both Symphony Services and CoreObjects share a deep commitment to
product quality, results-driven R&D and transparency throughout the
product development process. Complementing Symphony Services' focus on
Engineering Outcome Certainty, CoreObjects applies Co-Sourcing, a
rigorous collaborative sourcing philosophy, methodology and toolset to
client projects where evolving design and product requirements demand
an extremely integrated and agile approach across distributed teams.

"CoreObjects has served as our primary product development partner for
the last 3 years and the team's deep industry knowledge and technology
expertise have combined to truly revolutionize our R&D function," said
Jeetendra Jangle, VP Engineering, Wellcore. "Now, with its acquisition
by Symphony Services, we are looking forward to have access to broader
range of specialties and help Wellcore scale."

The deal also adds an impressive list of clients to the Symphony
Services client portfolio, as well as the opportunity to expand client
relationships in high growth market sectors such as financial
services, life sciences and clean tech.

"Our commitment to Engineering Outcome Certainty means that we are
always looking for opportunities to bring the best resources,
expertise and innovative service offerings to our clients," said
Sanjay Dhawan, President & CEO, Symphony Services. "With CoreObjects,
we continue to strengthen our core offerings in product development
and embedded product development with the addition of high-performance
engineering development centers, skilled engineering talent and deep
vertical market expertise. CoreObjects' world-class capabilities
integrated with Symphony Services' strengths will enable us to offer a
comprehensive portfolio of services to our clients worldwide."

About Symphony Services

Symphony Services is a leading global specialist providing software
product engineering outsourcing services. Our focus on Engineering
Outcome Certainty drives R&D results that shorten time-to-market for
new products and delivers greater innovation to compete in a global
marketplace. Independent software vendors (ISVs), software enabled
businesses and companies whose products contain embedded software
partner with Symphony Services to achieve their business goals.

We are further distinguished by our risk-reward partnership model and
emphasis on transparent, metrics-driven value delivery that ensures
complete alignment between strategic and R&D objectives. Symphony
Services is now delivering over 1,200 new software releases annually.
As a "pure-play" specialist, product development is built into our
DNA. Our team, comprised of the most technically advanced engineers in
the world, achieves superior results on time and on budget. Symphony
Services is headquartered in Palo Alto, Calif., with facilities in
North America, India, Europe and China. For more information, please
visit www.symphonysv.com (http://www.symphonysv.com) .

About CoreObjects Software Corporation

CoreObjects is a software and embedded product development service
provider specializing in bringing commercially deployable products to
market. CoreObjects partners with both emerging and established
technology companies to help them achieve their budget and
specification goals for cutting-edge technology products. The products
deployed are used by hundreds of thousands of clients world-wide.