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GBS Signs Transformer Pilot Project with Worldwide Financial Services Company

September 26, 2011 – New York, New York – GROUP Business Software (GBS), a subsidiary of GBS Enterprises Incorporated (OTCBB: GBSX), announced today that a leading worldwide financial services company agreed to a pilot project in the US, to use the GBS Transformer (“Transformer”) and its proprietary methodology to migrate an initial set of Lotus Notes applications to the Web.

The financial services company, headquartered in New York City with approximately 50,000 employees in over 30 countries worldwide, had two key business requirements; provide Lotus Notes “anywhere and anytime” access via a browser or mobile device and secondly, modernize and integrate their entire application portfolio to the web.  The Company engaged Group Business Software based upon their extensive experience with Lotus and in particular in regards to GBS’s Transformer technology and the methodical approach for converting existing Lotus Notes applications to modern Web 2.0-style XPages applications.  GBS analyzed over 9,000 of their applications which enabled them to determine usage patterns, specifically identify their business critical applications, and to recommend a conversion strategy that would effectively meet the business, technical and financial needs of the Company.

This financial services company agreed to a pilot program with GBS Transformer because it was cost effective and provided an accelerated timeframe for conversion and modernization of their existing Lotus Notes applications. Based upon GBS’s recommendations there would be an estimated annual savings of $2 million in reduced Lotus Notes licensing.  In addition, GBS Transformer makes their applications deployable on mobile devices and “cloud ready”.

The Transformer technology and associated services allows companies to retain the value of their significant investments made over the years in the Lotus Notes and Domino platform while enabling them to take full advantage of the newest releases and features to support their business.