Tuesday, December 20, 2005

NASSCOM Product summit to honor Newgen Software and others for championing software product development

My company - Newgen Software - was recently honored by NASSCOM as an outstanding company in the area of packaged software products. Newgen under Diwakar's leadership has long been a leading light in developing its own intellectual property in the software arena. Today, we are by far the leading provider of Business Process Management and Document Management solutions in India and the emerging markets encompassing South East Asia, Far East Asia, the Middle East and Africa.

Click on the link below for the complete article from CIOL.
CIOL : News : NASSCOM Product summit to honor six companies: "NASSCOM Product summit to honor six companies
The event provides an overview of India's existing positioning in the packaged software segment and the future product scenario in the country
Goutam Das
Monday, December 05, 2005

BANGALORE: Six Indian software product companies will be honored at this year's Nasscom Product Summit in Bangalore on December 6. Cranes Software, Impulsesoft Pvt. Ltd, Newgen Software, Pramati Technologies, Ramco Systems, and Tejas Networks are the 'outstanding' ones, chosen based on factors such as the management team, marketing strategy, proprietary nature of products or services and financials.

The summit is being held in association with the Indian Institute of Management, Bangalore's NSRCEL. The entrepreneurial learning arm of IIMB is planning to develop the department into a hub for angel investors and create an ecosystem for product firms by offering evaluation or due-deligence service free to the angel investor, similar to what happens at US where leading universities organize a platform for nurturing startups.

Prof. TR Madanmohan of IIMB, also a member of the Nasscom Product Forum, explained that early stage capital is not easy and but innovation has not ceased either going by the number of new product companies emerging across cities in India ? he estimates 364 such firms in India.

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