Company intends to make an investment worth Rs 200 crores over the
coming 5 years.

Indore, October 27, 2007: Impetus Technologies (www.impetus.com), the pioneers in outsourced product development, has been growing at an exponential pace since last few years. The company has recorded a colossal growth of more than 50 % every subsequent year in its revenues as well as the employee numbers. Impetus works on leading edge product engineering, on emerging technologies like BREW, Symbian, Ruby on Rails, and J2ME, etc. for diverse client base across domains such as Digital Media, Telecommunications, Healthcare, Mobile Applications, Web2.0, IPTV, and Internet Advertising.

Mr. Praveen Kankariya, CEO Impetus, has signed an MoU today at the Global Investors Summit in the presence ofMr. Shivraj Singh Chouhan, Hon. Chief Minister-Madhya Pradesh. Impetus intends to invest Rs 200 crores in the state, over the coming five years. Impetus will also recruit 2500 people during this time period.

Speaking on the occasion, Mr. Praveen Kankariya said, "Impetus was born in Indore and the city has played a pivotal role in our success and growth. Indore is very much at the center Impetus’ long-term growth strategy. This tie-up will facilitate our growth in our niche area of product engineering and reiterate our faith and emotional attachment for Indore and Madhya Pradesh."

Impetus is present in 3 cities in India; Hyderabad, Noida and Indore. The company’s Indore facility is the largest and the company has over 600 software engineers based in its 4 development centers in Indore. As part of its organic growth, Impetus has opened two new facilities on the prestigious Agra-Mumbai road, in the past 15 months. Impetus is also planning its 3rd facility in Noida and has lined up a significant investment for the same.


About Impetus:
Headquartered in Cupertino (CA), Impetus Technologies provides outsourced software product design, R&D and related services to leading global software product companies. Impetus has been involved with over 100 product launches over its decade-long association with its clients ranging from enterprise class companies to innovative technology start-ups.

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.