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PRESS RELEASE

For immediate release.

Texsona Solutions provide Australian offshore development to UK
companies.

Sydney, Australia, July 4th 2001: Texsona Solutions (www.texsona.com)
launch a new offshore development service aimed at UK-based companies.

Offshore development has seen rapid growth in recent years, providing
a cost-effective solution to markets having high labour rates. India,
in particular, can be highlighted as a country that has been quick to
capitalise on its relatively cheap IT labour force. Indeed, there are
now so many companies offering the service, that it is difficult to
choose the most suitable offshore partner. Although the savings are
very tempting, many have had their fingers burnt when adding up the
true expense of venturing overseas. Poor communications infrastructure
and language difficulties have seen UK management working harder than
they would otherwise have to, in order to keep a project under
control.

Australia is now positioned such that it too can become a centre for
offshore development. Several economic factors now favour the
Australian case: reduced Australian labour costs, increased British
labour costs and attractive currency exchange rates. The economies of
both countries mean that Australia will remain a viable offshore
choice for the foreseeable future.

What has contributed to this economically attractive position? An
influx of mainly British labour into the Sydney marketplace has lead
to an oversupply and consequent reduction in labour rates. The
Olympics, advertising Sydney as a desirable place to visit, have no
doubt influenced this. People coming to Australia, do so primarily for
a holiday rather than for financial gain, and as such are prepared to
work for less money. In the UK, contract labour rates have increased
with the introduction of the IR35 rule. Tax management is less
efficient, and many have left the country for more lucrative markets,
leading to a labour shortage and rate rises.

Australia has none of the language and cultural barriers, which can
compromise the success of offshore development. With the amount of
British workers in the country, Australia is supplying the same people
as available to UK companies, but at a lower cost. Of course, some of
the practical issues still apply to Australian-based development.
However, Texsona has worked hard to minimise their impact and provide
workable solutions. Even the time difference can be managed. In
practice, a useful amount of overlap exists for developer
communication and, outside of this, Texsona provides UK-based
representatives to handle client issues. The internet has provided
easy global communication such that offshore development is a reality.

The bottom line, surprisingly, rivals that offered by other countries.
India provides realistic savings of 50%, despite claims of much higher
figures. Australian projects save around 30% on development costs, the
same as typically offered by countries such as Turkey. Australia is
the only country to offer discounted offshore development that has the
same business and people culture as that of its clients.
 
For more information, please contact:

Peter Sen
Director
Texsona Solutions Pty Ltd
news@texsona.com
+61 414 658570

or visit our website:

http://www.texsona.com


About Texsona Solutions:

Texsona Solutions is a provider of IT services to the domestic
Australian and overseas markets, based in Sydney, Australia.
Originally UK-based, we have many years experience working with UK and
European companies. Our representatives in the UK are experienced in
project and resource management at the highest level and have managed
Indian offshore developments on behalf of UK clients. In Australia, we
offer consultancy services mainly to the financial sector and
employment agencies. We also operate a contractor co-operative,
assisting visiting British contractors in Australia.