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Jerry Rao and Jeroen Tas named Ernst & Young�s Entrepreneur of the Year� 2004 Award Winners

MphasiS Chairman & CEO Jerry Rao and Vice Chairman Jeroen Tas were awarded the 'Ernst & Young Entrepreneur of the Year 2004�' in the Information Technology category for the New York region on June 22nd, 2004. 

Professional services firm Ernst & Young LLP announced the winners of the Ernst & Young Entrepreneur of the Year� 2004 Award at an awards gala held at the Marriot Marquis. The winners were selected by an independent panel of judges comprised of local community and business leaders. 

�Winning this award is a great honor,� said Jerry Rao, who also won the 'Entrepreneur of the Year' award two years ago in India. �This second award is a confirmation of Ernst & Young�s understanding of the truly global nature of businesses today.� 

Jeroen Tas said, �We thank the judges and Ernst and Young for this great honor. Jerry and I founded our company in 1998 to assist financial services institutions in improving their business processes through technology. Today, we are a 7,000 employee strong company, which is growing over 35% annually. We are proud to count some of the best companies in the world as our clients and will continue to make outstanding delivery to these companies our single focus.� 

The New York award winners are now eligible for consideration for the 'Ernst & Young Entrepreneur of the Year 2004' national program. Winners in several national categories, as well as the overall national 'Ernst & Young Entrepreneur of the Year', will be announced at the annual awards gala in Palm Springs, Calif., in November 2004. The overall national 'Ernst & Young Entrepreneur of the Year' award winner is then considered for the world event held in Monte Carlo.