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Caresoft named One of New Jersey’s Fastest Growing Technology Companies in Deloitte & Touche LLP’s Technology Fast 50 Program.

Deepak Khare, President attributes Caresoft Team's fierce desire to excel in customer service and a culture of innovation to its 404 Percent Revenue Growth.

Woodbridge, NJ August 11, 2005 — Caresoft has been named to Deloitte's prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services firms. Rankings are based on the percentage revenue growth over five years from 2000–2004.

Caresoft's CEO Deepak Khare credits Caresoft Team's fierce desire to excel in customer service and a culture of innovation with the company's 404 percent revenue growth from 2000–2004. He said, “We are proud of our team's accomplishments. This goes a long way to say about all the hard work and long days that everyone on our team has put. We are thankful to our clients for trusting us with their businesses."

Caresoft's increase in revenues of 404 percent from 2000 to 2004 resulted in a 23rd ranking in the Technology Fast 50 for New Jersey.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Fast 500 programs, visit www.fast500.com.

About Caresoft

Headquartered in Edison NJ, Caresoft is a leader in Custom Software Development, Temporary IT Staff Augmentation and Outsourced QA Services. It is known for the highest quality of IT Specialists who have a wealth of experience serving Telecom, Pharmaceutical, Financial and related industries throughout the world.

Caresoft takes pride in the delivery of Operational Excellence, setting ever-improving standards for the software industry. Its Methodologies are derived from leading Industry Think Tanks including 6 Sigma, CMM, IEEE, among others. This dedication to Processes and Methodologies helps Caresoft deliver Consistent Quality on the time, all the time. For more information about Caresoft, please log on to http://www.caresoftinc.com or email to info@caresoftinc.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

PR Contact: Nishant Das, Caresoft Inc, Phone: 732-248-7825 x 210 e-mail: nishant.das@caresoftinc.com