Luxembourg, October 4, 2012 - INTRASOFT International has been successfully appraised at Level 3 of the Carnegie Mellon University Software Engineering Institute's Capability Maturity Model Integration (CMMI) for its software development projects in four locations (Luxembourg,Brussels,Athens,Bucharest). CMMI is a process improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance.

 Being successfully appraised for CMMI level 3 is a major milestone for any company. INTRASOFT International is the only company in Greece to have achieved such an appraisal and the second (of 2) in Luxembourg, where the company headquarters are, the fourth (of 4) in Belgium and the third (of 4) in Romania, where it is also established. INTRASOFT International now joins the ranks of a global elite that have reached this high level of quality assurance and continuous improvement.

 CMMI is a framework that describes the key elements of an effective software development process and its CMMI model describes an evolutionary improvement path from an ad hoc, immature process to a mature, disciplined process. CMMI covers best practices for planning, engineering and managing software development and maintenance.

 An appraisal at maturity level 3 indicates the organization is performing at a “defined” level. At this level, processes are well characterized and understood and are described in standards, procedures, tools and methods. The organization's set of standard processes, which is the basis for maturity level 3, is established and improved over time. The results of the assessment are verified and reported by the prestigious Software Engineering Institute (SEI) of the Carnegie Mellon University, USA, which governs CMMI.

 Many businesses that have adopted the CMMI model have beneficial results to their bottom line. The benefits that businesses have experienced include improvements in schedule and cost performance, product and service quality, forecasting accuracy, productivity, customer satisfaction, return on investment, and other measures of performance. CMMI establishes a baseline against which it is possible to judge, in a repeatable way, the maturity of an organisation's software process and compare it to the state of the practice of the industry.

 Mr. Athanassios Kotsis, CEO of INTRASOFT International commented: “INTRASOFT international is once more a pioneer in its sector. The CMMI level 3 appraisal is an important reaffirmation of INTRASOFT International's total commitment to the satisfaction of all our stakeholders by enhancing collective performance at an organisational level. This appraisal enhances INTRASOFT International's standing as a world-class IT solutions and services provider.”

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 About the Carnegie Mellon University Software Engineering Institute (SEI)

The SEI is a U.S. Department of Defense federally funded research and development center operated byCarnegieMellonUniversity. The SEI helps organizations make measured improvements in their software engineering capabilities by providing technical leadership to advance the practice of software engineering.

For more information about the SEI, visit www.sei.cmu.edu.

Published appraisal results are available at http://sas.sei.cmu.edu/pars/

 About INTRASOFT International

INTRASOFT International is a leading European IT Solutions and Services Group with strong international presence in 68 countries, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,700 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters inLuxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices inBelgium,Greece,Romania,Jordan,Denmark, theUK,Bulgaria,Cyprus,Moldova, thePhilippinesandSaudi Arabia,USA. More than 500 organizations in 68 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company's services and solutions to fulfil their business needs. INTRASOFT International is a subsidiary of the ASE-listed INTRACOM Holdings, one of the largest multinational technology groups inSE Europe, with more than 35 years of experience. At the end of 2011, as part of its strategy to focus primarily on international markets & further enhance its international presence, INTRASOFT International merged with its –at the time- parent company, INTRACOM IT Services, by absorbing it to become one company with a strong brand name in Europe and globally.

For more information, please visit: www.intrasoft-intl.com

 Information for Quality Assurance & Business Improvement issues

Katerina Tsoupinaki, Corporate Quality Manager, Process Improvement and Quality Assurance

INTRASOFT International

Tel. +30 210 6876415, E-mail: Katerina.Tsoupinaki@intrasoft-intl.com

 Information for Press only

Kalliopi Chioti, Communications & Corporate Social Responsibility Manager

INTRASOFT International

Tel. +30 210 6679076, E-mail: Kalliopi.Chioti@intrasoft-intl.com