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i-Flex wins Frost & Sullivan's Award

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CIOL Bureau
New Update

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.

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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.

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