f I could find one word to describe the first half of our year, it would have to be the simple, universal, "Wow" ... used to express wonder, amazement, or great pleasure. Each culture has a variation of the word, some pronunciations differ slightly, but the meaning is recognized everywhere - the light in the eyes, the smile, the brightness - it exudes good feelings and optimism. Wow! That is how I feel when I think about ebusinessware of yesterday, today and tomorrow.

Over the past quarter, you all contributed to keep ebusinessware on the rocket path that we started in April - more professionals joined the team, more projects were sold, more training was given, more lives were improved - in a word, wow! You will soon see that the new projects are all in exciting technologies and in great industry segments - credit derivatives, strategic planning, data management - this solid, project-level growth will offer our teams around the world a chance to continue to increase their skills and help serve our clients. We are entering a special type of growth right now - it is called transformational growth. In other words, the company will not only continue to get bigger, but we must all strive to make ebw better at the same time. It will take a lot of work, a lot of will-power and a lot of coordination, but I know that everyone will rise to the occasion as you have all demonstrated in the past. I feel tingles of joy when I think about all the new lights that will shine as our recently-signed team members see the dedication, feel the buzz and make it happen! So, enjoy the momentum, enjoy the challenges and rise to the stars - with ebusinessware as your support, there is no limit to the excellence that you can attain. In closing, I would like to issue three challenges for everyone to reflect on:

1. Make UniRAD real - only you can do it. Each of us needs to understand the company processes, implement them, then improve them. Whatever your rank in the firm may be, if you are not making UniRAD real, you are not helping the company.

2. Share Knowledge. Intellectual capital is the only asset that increases in value as it is distributed freely. Take time to impart training, take time to receive training, make time to apply the knowledge you gain.

3. Speak Up. If you see something that can be done better or if you think that something needs to be changed, then let someone know. If you are not sure where to go with your suggestion, I have asked Ashu to create a confidential suggestion box, or you can send me a mail - ed@ebusinessware.com . I am giving each of you my word of honor that no-one will face negative consequences for voicing their opinions about improving ebusinessware.

Please join me in congratulating the editorial team for creating another wonderful newsletter - keep it up team!

s I look back five years (since Aug, 1999 when ebusinessware, Inc. was formed), I see only one phenomenon "Growth". Growth is traditionally associated with the advancement of the organization. But in our organization we have taken a more broader and meaningful view.

ebusinessware growth has surely meant increase in terms of revenue, profitability, number of offices around the world as well as number of people across the globe. All of this has been due to one single and most important factor that should be attributed, rather dedicated to our own people.

When Ed and I sit together we often discuss how ebusinessware has seen our people grow in real sense and how their dreams have been achieved or are being achieved and above all, how new and higher dreams and hopes are being created. We have seen our people move into new and their own houses, we have seen people getting married, expanding families and inducting their spouses into ebusinessware family, buying their cars and other vehicles, growing to become managers, directors and partners. We have seen them growing in some of the intangible but important aspects like gaining knowledge be it in technology, financial domain, process, personality development, communication skills improvement, and reaching higher maturity levels. Above all, we have seen them achieving the foundation for a nice and secure life style.

Every time I visit our offshore office, situation has never been the same. It always gets better and better. All of this has been possible due to the cooperative and congenial atmosphere that all of you have helped create. Today, I encourage all of you to continue to maintain and enhance this very environment where everyone helps everyone else to grow, succeed and achieve his or her dreams. I assure you these efforts will never go wasted.

These were: • Management by walking around • Leading an organization / Presiding over it • Micromanaging is a big mistake • Manage three processes – People, Strategies and Operations • Be Credible and Consistent in word and deed. Spontaneity of individual responses was observed by restricting the response time to five minutes.

Work on three new projects has begun in full swing. The simultaneous launch of these necessitated expansion of office space and the first floor of the building was re-hired. The project details are as follows:

Citi Nova
Technology: Java

STEN
Technology : .Net

CREF
Technology : Java, Oracle 9i

The Reference Data management arm of ebusinessware, CreditDimensions has registered itself with the Worldwide Business Research (WBR) for Europe's upcoming largest Reference Data Management conference (FIMA 2004), slated to be held in November end in London. CreditDimensions is one of the Prime Exhibitors at the Conference.

A paper-reading contest on "Developing Leadership Pipeline - Leadership Brand" was organized at the offshore office on October 1, 2004. The contest was marked by high levels of enthusiasm and zest from both participating and non-participating members of all teams. The winner was Simer Sahani of Primus Oracle Financials. Nidhi from the CDIM Data Team was the runner-up.

Sanjeev Midha, President, ebusinessware visited the India office in the last week of September. Duirng his stay, he had elaborate discussions with all project teams ensuring smooth transition of knowledge.

Manpreet Singh visited the offhsore office to facilitate the quick launch of the ECMS project. During his stay, he imparted valuable and key training to the ECMS team helping it to expedite development initiatives.

Business Development: Jai Sethi was selected for a prestigious training imparted by Mr Al Scarpa, Marketing Strategy Consultant to ebusinessware, based in New York. The training honed Jai's skill in developing country-specific business strategies for the UK and Singapore.

EIASE Training to New Data Analysts: The analysts were guided through
•	Concept of CDI.
•	Process outline --- ETL, corroboration, validation.
•	Introduction to Reference Data – attributes, definitions etc.
•	Roles & responsibilities.
•	Advanced strategies: (a) Legal aspects – legal structures and how they interact with the govt., relevant laws. (b) Demographic details– address formats, Govt. Ids, (c) Geographic details.
•	Manual Verification Working Instructions (HANDBOOK).
•	Evaluation of Training Process.