Infozech wins the TiE Canaan Entrepreneurial Challenge 2006

Infozech’s business plan validated by top VCs

Mumbai, India, 17 Dec 2006

In its incessant pursuit of achieving excellence, there has been yet another feather added to Infozech’s cap by winning the TiE Canaan competition.

Out of over a 100 companies worldwide, that participated, Infozech was one of the top three winners. Established in 1999, Infozech has been providing BSS, OSS solutions to industry majors in US, Europe and Asia.

With rapid growth of Telecommunication and new services in fast paced emerging markets of Asia and Africa, Infozech has started focusing on addressing customer problems for new services such as IPTV, WiMax and 3G services. Customers are looking for an integrated solution for CRM, Billing, rating, and mediation. They are looking for quick deployment to gain Time to Market and precious first mover advantage. Infozech’s “Telco in a box” product is the answer to their needs. It’s an integrated suite, and is quick to deploy.

Infozech’s unmatched value proposition of 50% reduced time to market and 50 times better performance translates into increased profitability and lower TCO for customers.

“With over 40 deployments and global partnerships with companies such as IBM, Cisco, Motorola, Infozech is well positioned to enable established and emerging Telcos gain the first mover advantage”, commented Ankur Lal, Founder & CEO of Infozech Software.

The result of the competition provides significant validation of Infozech’s business strategy, 100% delivery record and leadership skills.

About Infozech Software

Infozech Software provides common off the shelf (COTS) products to increase productivity of Telecom carriers. It provides integrated products for CRM, Billing, Mediation, Rating, Transaction processing, Real-time reporting and Supply Chain Management (SCM). Infozech enables emerging and established operators, content providers, broadband and e-business service providers enhance global competitiveness, increase efficiencies, interface better with customers and achieve bottom line improvements.

The company has been providing turnkey solutions to Greenfield operators, which benefit from the proven high efficiency and scalability, which enables them to scale their BSS/OSS systems as they grow.

About TiE

The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs through advice, guidance and assistance from successful & experienced entrepreneurs and professionals. Its greatest strength is its network through 45 cities in 10 countries that consists of many participants in the entrepreneurial ecosystem – successful & experienced as well as budding entrepreneurs, venture capital firms, angel investors, service providers, etc.

The membership structure of TiE includes Charter Members, who are invited based on their accomplishments and willingness to help the next generation of entrepreneurs.

About Canaan

For two decades, Canaan Partners has invested in innovative, early stage technology and health care companies with the mission to catalyze Next Gen market leaders. It provides talented entrepreneurs with the support to build companies: knowledge, experience, connections, loyalty through inevitable challenges and guidance to optimize their enterprise value. It helps in creating companies to compete and to last.