February 21, 2007, Indore: Impetus, the pioneers in outsourced product development services in India, offering high value product design and development services to Independent Software Vendors, today announced joining hands with the prestigious Indian Institute of Management, Indore (IIMI)  to endow a Chair of Information Technology and Systems.  Dr. S.P. Parashar, Director, IIM Indore (IIMI) and Mr Praveen Kankariya, CEO, Impetus signed an Agreement at the Impetus facility in Indore today announcing the institution of the “Impetus Chair of Information Technology and Systems”.  

The Chair will provide a collaborative framework for performing applied research, industry practices analysis, sharing knowledge and conducting specific projects of mutual benefit. This association will provide avenues for adequate grooming of the next tier of mid level leadership and management bandwidth for Impetus, and at the same time allow IIMI students to gain valuable industry perspective. For further details, please visit http://www.impetus.com/associations.html.

Addressing the gathering Dr. S.P. Parashar, Director, IIM Indore said  "We hope that this relationship will help in facilitating better academia-industry alliance through collaborative research and analysis, conferences, workshops, courses and other joint meetings of mutual interest. This association is expected to bring synergies at multiple levels, benefiting the students at IIM and their alumni at one end, and having a direct impact on the knowledge, resources and organizational exposure of the Impetus employees at the other end. Such a coming together of eminent entities sets a significant precedent and is a harbinger of the benefits that accrue to the stakeholders and the community at large.”
 
Speaking on the occasion, Mr Praveen Kankariya said, “The coming together of IIM Indore and Impetus will bring immense value to all the stakeholders, and even to the community at large. Impetus employees will also be benefited through targeted management programs. Additionally, the engineering talent at Impetus, combined with the management knowledge of the IIM faculty and students, will present a unique and exciting synergy of interesting thoughts and ideas. We are very happy to partner with the IIM Indore fraternity.”

About IIMI
Indian Institute of Management Indore - the youngest sibling in the family of IIMs - has traveled quite a distance, since its inception ten years ago. Rubbing shoulders with some well established giants, IIM Indore has now carved a niche for itself in the corporate world and the seven batches that have passed out stand testimony to the fact. The essence of management, IIMI believes, lies in managing one's own ambitions and forging ahead consciously.

To back all this up IIM Indore boasts a solid infrastructure ranging from a 193 acre campus to a strong IT backbone to the latest of teaching aids. It is remarkable that in such a short span of time IIM Indore has reached great heights.

For more information visit: www.iimidr.ac.in

About Impetus
Impetus provides outsourced software product design, R&D and related services to leading global software product companies. Impetus has been involved with over 40 product launches over its decade-long association with clients such Sennari, 3M, PeopleSoft, Servigistics, Intellicus, KnowNow, Scalix etc.

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.

For more information, visits www.impetus.com or write to info@impetus.com.