NEW DELHI: i-Flex solutions Ltd., has won the Frost & Sullivan's Market
Engineering Award for Technology Leadership 2001. i-Flex has been recognized as
a leader in the Indian Application Service Provider market. The award is
bestowed each year upon the company that has demonstrated excellence in
technology leadership within their industry. In addition i-Flex has demonstrated
technology leadership by excelling in all stages of the technology life cycle in
terms of incubation, adaptation and maturity to ensure a continuous flow of
market improvements.
i-flex solutions India Operations CEO, Deepak Ghaisas says, "We are
honored that Frost and Sullivan, a well-respected industry expert has
acknowledged i-flex's efforts in reinventing the way businesses communicate with
their customers. Albeit, the Indian ASP market is still in its nascent stage, we
saw a great potential to bring the Indian banks to international standards by
offering the ASP solutions "on tap". Today, i-Flex has taken a giant
leap ahead in developing the ASP market with the first joint venture with HDFC.
Furthermore, Frost and Sullivan award is a recognition of our step towards the
futuristic banking marketplace".
Frost & Sullivan director, Aditya Sapru says, "Each year, Frost and
Sullivan's analysts select winners from various companies. i-Flex solutions
limited has won the award for their recognition of the need to accelerate the
growth of the ASP market in India and achieving this by the unique system of
"Pay for Use"."
To choose the recipient of this award, Frost and Sullivan's analyst team
tracks all emerging technologies and ongoing research and development projects
within the industry. This process includes interviews with all the market
participants and extensive secondary and technology research. The technologies
and research projects are then compared according to customer base demands. Also
considered are elements such as feasibility of product launch, likelihood of
customer acceptance and acceptance rates, and estimated time to market.