STEVENSON, MD--(Marketwire - Jan 10, 2012) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Camelot Information Systems Inc. ("Camelot" or the "Company") (NYSE: [ CIS ]) American Depositary Shares ("ADSs") between July 21, 2010 and August 17, 2011, inclusive (the "Class Period"), including those who acquired Camelot ADSs pursuant or traceable to the Company's false and misleading Registration Statements and Prospectuses issued in connection with its July 21, 2010 initial public offering ("IPO") and December 10, 2010 Secondary Offering ("Secondary Offering") (collectively, the "Offerings").

If you have suffered a net loss for all transactions in Camelot Information Systems Inc. securities during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at [ www.browerpiven.com ], by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than March 5, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint charges Camelot, certain of its officers and/or directors and/or the underwriters of the Offerings with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose that the Company had fewer highly trained professionals at its disposal that it had represented, that the Company's IT professionals provided no competitive advantage to the Company and were dissatisfied with Camelot and that Camelot's contract with its most important customer, IBM, was not as solid as represented, and would not be renewed on the same terms. According to the complaint, after, on August 15, 2011, when Seeking Alpha published an article questioning several key components of Camelot's business, and after Camelot issued a press release announcing its second quarter 2011 unaudited financial results, including lower-than-expected guidance for fiscal 2011 on August 18, 2011, the value of Camelot shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.