Kanbay Named a Leader in the International Association of Outsourcing Professionals' Global Outsourcing 100 Ranking

ROSEMONT, Ill., Feb. 27 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (NASDAQ: KBAY) , a global IT services firm focused on providing solutions to the financial services industry, this week was named a leader in the International Association of Outsourcing Professionals' first ever ranking of the world's top outsourcing service providers -- The Global Outsourcing 100.

IAOP's list, which will appear in a special advertising feature of the April 3, 2006 issue of FORTUNE magazine, is segmented into 65 Leaders, of which Kanbay is one, and 35 Rising Stars.

Kanbay was ranked a leader based on a number of criteria including revenue growth, a significant investment in people, processes and technologies, its ability to deliver value to customers though through offshore/onshore transformational IT engagements and its development of management systems that ensure the successful global delivery of services.

"The Global Outsourcing 100 is an important part of IAOP's mission to improve outsourcing outcomes by setting the standard for excellence that customers, providers, and advisors can trust," said Mike Corbett, IAOP's Executive Director. "By making our list as a leader, Kanbay has shown itself to be a company with strong fundamentals and a commitment to developing and implementing best practices in global IT services."

"We appreciate this recognition from the IAOP, an organization made up of key stakeholders in the outsourcing industry," said Raymond J. Spencer, Chief Executive Officer of Kanbay. "Kanbay has more than 5,200 associates around the world contributing to a culture that promotes the highest standards of excellence in service, support and technology innovation on behalf of our clients. I'm pleased to share this recognition with the entire Kanbay organization."

About Kanbay International, Inc.

Founded in 1989, Kanbay International, Inc. (NASDAQ: KBAY) is a global IT services firm focused on the financial services industry. With over 5,200 associates, Kanbay provides its services primarily to banking institutions, insurance companies and securities and investment firms. The company uses a global delivery model to provide application development, maintenance and support, software package selection and integration, business process and technology advice, and specialized services. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in the United States and India as well as Toronto, London, Melbourne, Hong Kong, Singapore and Tokyo. Further information about Kanbay can be found at http://www.kanbay.com/.

Forward-Looking Statements

This press release may contain statements which are forward-looking statements under the federal securities laws. Any forward-looking statements represent our views only as of the date of this press release, and such forward-looking statements should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this press release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended December 31, 2004.

  Contact:  Geoff Nixon
            Kanbay International, Inc.
            + 1-847-384-6162
            media@kanbay.com

            Katja Schroeder
            Ruder Finn
            + 1-212-593-6441
            Kanbay@ruderfinn.com

First Call Analyst: FCMN Contact: crichlowg@RuderFinn.com