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| Press Release |
Zensar partners with InnovizeTech Software
For automated Enterprise Effort measurement |
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| Pune, India; July 12, 2011 |
| Zensar Technologies a leading global technology and business process Company today announced an agreement with Pune based InnovizeTech Software, for licensing their patent-pending software product, Sapience. Sapience is an automated software solution, designed to help organizations boost people efficiency by over 20% directly impacting total output, client satisfaction and profitability. This solution will be integrated into Zensar’s internally developed Business Intelligence platform for Effort analytics and Estimation. |
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| Sanjay Marathe, Senior Vice President and CTO of Zensar, said, ”Zensar is deeply committed to client delight by exceeding performance expectations, while at the same time delivering the highest value to our shareholders. These objectives require that we provide best in class quality solutions and keep improving internal efficiency. While quality of service delivered is being accomplished through CMMI and other quality standards that we follow, Sapience will plug in and help us meet the challenge of accurate effort measurement using high level of automation, something that has not been possible so far.” |
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| Shirish Deodhar, InnovizeTech co-founder, explains, “Sapience transforms the way organizations can track work efficiency, Product companies can reduce time to market, Services companies will improve profitability on fixed price projects, and meet client SLAs on managed services and T&M deals.The agreement with Zensar is unique because Sapience will be embedded into their existing IT platform. This opens up new possibilities for us to tie up with large enterprises who have already invested in existing IT infrastructure, and who will license Sapience only if it can add more value to their current solution”, he added . |
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| Sandeep Suryavanshi, CIO of Zensar, observed that “Our IT team has built a strong platform to support the quality and operational needs of the company. However, we are always on the lookout for technologies that can accelerate the value addition to our business. We are happy to partner with InnovizeTech and tap into their exciting new technology. This is also consistent with Zensar’s goal of encouraging the emerging software product ecosystem in India.” |
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| About Zensar Technologies - www.zensar.com |
| Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences. An RPG Group company, Zensar has more than 5500 employees with sales and operations presence across US, UK, Germany, Sweden, Middle East, South Africa, Singapore, Australia, China and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy. |
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| About RPG Enterprises - www.rpggroup.com |
| RPG Enterprises is one of India's largest industrial conglomerates. With over 16 companies in its fold, the group has a strong presence in 8 business sectors. Established in 1979, RPG Enterprises is one of India’s leading business groups with a turnover of Rs 17,000 crore. The group has more than sixteen companies managing diverse business interests in the areas of Power, Tyre, Infrastructure, IT, Retail, Entertainment, Carbon Black and Speciality. |
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| About InnovizeTech Software – www.innovizetech.com |
| InnovizeTech has been founded by four serial entrepreneurs, with a strong product DNA. They have 100+ years of combined experience of technology and management at global software companies. Their previous companies were in outsourced product development, which were later acquired by VERITAS Software, now Symantec Inc. (in 1999), and Symphony Services Inc. (in 2004). Subsequently, they helped scale the VERITAS India and Symphony Pune operations through rapid business growth. |
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| In just 6 months of release, Sapience has been deployed at over twenty five organizations. SMEs sign up for the cloud server based solution, while large companies typically opt for their own on-premise server. InnovizeTech is funded by Indian Angel Network, with individual investment by 24 of India’s best known IT CEOs, entrepreneurs and investors. |
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| For further information, please contact: |
Janki Sampat
Market Innovation
Zensar Technologies
Landline: +91-20-66057511 | +91-9764005810
Email: janki.sampat@zensar.com |
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Satyasheel Shrotri
Business Development
Email: satyasheel.shrotri@innovizetech.com |
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| Safe Harbor |
| Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. |
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| www.zensar.com |
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