Impetus in top 3 “CNBC-TV18 Emerging India” Award 2008 in the ICE / ITeS category

Bangalore, July 09, 2008: The CNBC-TV18 Emerging India Awards that honour the best small and medium enterprises in India have been announced at a glitzy ceremony in London and Impetus is one of the top three finalists in the ICE, IT and ITeS category. Impetus CEO, Praveen Kankariya, attended the awards ceremony in London, was honored by the presence of stalwarts such as Commerce Minister Mr Kamal Nath and Steel tycoon Mr Lakshmi Mittal.

Responding to the nomination, Praveen Kankariya said “This is the very special achievement for the entire Impetus family. This nomination is recognition of the hard work, sincerity, dedication and innovative approach of each one of our employees. I would also like to dedicate this achievement to our clients, whose support has helped us learn, evolve and become what we are today!”

One of the largest Awards in India, the Emerging India Award ‘08 received more than 3, 00,000 enterprises in the fray across 17 main categories this year. Chosen after a robust 3 phase methodology, powered by CRISIL, this year the awards have put into perspective the global evolution of India’s Small and Medium Enterprises.

The Emerging India Award is India’s Biggest Business Award and is the last word on best performing SMEs, India’s dynamic new growth drivers. Powered with the capability of shaping the future of Indian SMEs, this is India's most definite platform for recognition and felicitation of Small and Medium Enterprises. This award aims at recognizing the best sustainable value creators among small and medium enterprises in the country. A pioneering initiative to promote and recognize the undying entrepreneurial spirit of our country, this award ceremony is being conducted for the 4th year in a row now.

Impetus has been growing at an exponential pace of more than 50 % year on year. Impetus works on leading edge product engineering, on latest and emerging technologies like BREW, Symbian, Ruby on Rails, and J2ME, etc. for diverse client base across domains such as Digital Media, Telecommunications, Healthcare, Mobile Applications, Web2.0, IPTV, and Internet Advertising. The company has been focusing primarily on product companies, ISVs and technology enabled companies, to create leading edge products that will underscore future trends in many of these upcoming domains and verticals. Some interesting products developed by the company so far include – like ‘clinical documentation system, mobile customer loyalty platform, ad hoc reporting engine, performance testing tool, etc.’

Impetus plans to foray in new markets and is currently adding value to its clients through its premium R&D consulting and product architecture services offered by the in-house R& D group called iLabs. iLabs works on exploring new technology domains like mobile, wireless, new media, speech, IPTV and VOIP etc. This group also works on proof of concepts for new product ideas and prototyping new products, which can be later spun off as independent product teams.

 About Impetus

Headquartered in San Jose, Impetus Technologies provides outsourced software product design, R&D and related services to leading global software product companies. Impetus has been involved with hundreds of product launches over its decade-long association with its clients ranging from enterprise class companies to innovative technology start-ups.

Impetus works on cutting-edge technologies to develop a variety of next-generation products for a range of vertical domains. From enterprise applications that optimize supply chains and credit portfolios, to solutions for the emerging rich media and digital content verticals; and from products for wireless networks and mobile handsets to software for network forensics and communication monitoring, Impetus’ emphasis on continuous innovation adds significant value to its clients’ technology initiatives.

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