Number Crunchers

August 3, 2007 (LBO) – Amba Research, a fast growing investment research outsourcing (IRO) firm, has become the top employer of a UK professional accounting body in Sri Lanka, the company said. The firm has expanded its office space by occupying another floor in Colombo’s World Trade Centre building.

The expansion came with a round of financing from the venture capital firm Helion Venture Partners.

We are happy to see that our growth is being recognized by investors,” Amba Research Lanka™s Managing Director Ravi Abeysuriya said.

“We also hope to give more local professionals the opportunity to be a part of the unique work experience Amba Research offers its staff.

The firm’s Colombo office now has more than 250 people. Amba Research provides investment research support through dedicated analysts to clients in global financial centres.

Amba says it employs the largest number of the UK’s Chartered Institute of Management Accountants (CIMA) qualified persons and is the only Sri Lankan company to have received the CIMA Continuous Professional Development (CPD) accreditation.

‘I was pleasantly surprised to hear how so many young CIMA qualified professional