Asia PR News

MARINA DEL REY, Calif., Feb. 26 /PRNewswire-AsiaNet/ –

Appoints Former Sun Exec as CEO; Adds US-Based Operations and Senior
Management Team

Exist Global, Inc., Asia’s leading provider for software engineering
services, today announced that it has secured venture financing to accelerate
its growth plans. Exist Global has been operating profitably for five years
and has been recognized for its unique software delivery process patterned
after Open Source development. Receiving the Red Herring 100 Asia and ZDnet
Asia Top 10 TechnoVisionaries awards in 2006, Exist Global has successfully
delivered strategic development capabilities to enterprises, independent
software vendors and Web 2.0 start-ups. The company’s global expansion plans
include the addition of new executive officers, a significant increase in the
company’s Philippines-based workforce, and intensified sales and marketing
efforts in the U.S. and Europe.

In January, Exist Global added a slate of industry veterans to lead its
expansion efforts, including Steve Nathan, as president and CEO, Charles Ames
as vice president of business development and Nicholas Hughes as corporate
controller.

"Steve is a proven leader with a great track record of inspiring and
scaling technical organizations to deliver world class services and products.
He and the rest of our new executive team will drive Exist Global’s vision for
global software development optimization," said Winston Damarillo, founder and
chairman of Exist Global.

Drawing from its success and experience in Open Source software
development, Exist Global has developed a hosted operating infrastructure
called Distributed Engineering Network (DEN). This enables Exist Global to
deliver the benefits of Open Source style development to distributed
engineering projects building proprietary and web delivered applications in
addition to open source software.

"Using technology and processes derived from Open Source can vastly reduce
the total cost and time required to develop and deploy products and
solutions," said Nathan. "Exist Global has proven that these powerful tools
and techniques can be leveraged for software development in any context."

Exist Global service offerings include architecture and design consulting,
software product development, independent quality assurance, application
maintenance, and technical support. For more information about the company’s
unique approach to reducing software development costs, please visit the
company’s website, www.exist.com.

About Exist Global
Exist Global, Inc. (www.exist.com) is the premier global outsourced
software development company focused on outsourcing projects with headcounts
of less than 30 engineers. Founded in 2001 with the vision to offer world-
class IT talent from the Philippines to companies worldwide, Exist Global is
the only offshore development company to provide cost-effective full lifecycle
development for enterprise-class products and cutting-edge web applications
with uncompromised product quality and responsiveness. Using its Exist
Smartsourcing(TM) approach, the company is able to combine the cost-
effectiveness of world-class offshore talent, progressive techniques honed in
the Open Source community and a proprietary on-demand software infrastructure
– the Exist Distributed Engineering Network (DEN) — to offer clients true
enterprise-class product development that delivers on the offshore promise.
Headquartered in Marina del Rey, California, the company has earned the
respect of longstanding Fortune 500 clients and numerous industry honors,
including the ZDNet Asia Top 10 TechnoVisionaries Award and inclusion in the
Red Herring 100 Most Promising Companies in Asia.

SOURCE: Exist Global, Inc.

CONTACT: Emi Harnden of Think Marketing
+1-310-980-1623
emi@thinkmktg.com
for Exist Global, Inc.

Web site: http://www.exist.com