NASSCOM announces the Launchpad companies for the year 2012

The National Association of Software and Services Companies (NASSCOM) today announced the companies selected as part of its NASSCOM Product Conclave LaunchPAD initiative for the year 2012. The announcement was made during the second and final day of the NASSCOM Product Conclave (NPC) 2012 that was held at the Vivanta by Taj, Yeshwanthpur, Bangalore on the 7th and 8th of November.
Since 1990, India has seen 3,402 product companies emerge. All of these companies are rapidly navigating the nascent product landscape in the country, with more and more product companies coming up from tier II cities like Belgaum, Vijayawada, Trivandrum and Mohali. The LaunchPAD initiative formally recognizes the potential of the companies in the Indian technology product space. Says NPC co-host Sharad Sharma, “We believe it’s important for the Indian technology product community to take notice of these companies and what they are doing. The LaunchPAD nitiative provides a platform for these companies to showcase their products, and we’re extremely proud to be able to encourage their efforts”.
This year, the judges received 54 entries and shortlisted these companies after much deliberation. The LaunchPAD companies selected for 2012 are:
Qualitia Software Pvt. Ltd.
InSync Tech-Fin Solutions Limited
Magnasoft Consulting India Pvt. Ltd.
Silver Stripe Software Pvt. Ltd.
Greytip Software Pvt. Ltd.
Pipal Tech Ventures

Many of these companies showcased products and concepts revolving around the cloud, localization and location services, mobility, web applications, social media and script-less test automation. These companies used the LaunchPAD platform to interact exclusively with the media, blogger and analyst communities, where they presented their products and received feedback from a focused group of professionals.

NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPO industries in India. NASSCOM is a global trade body with more than 1300 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services off-shoring and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 2.32 million professionals.