Idea2Solutions Signs Strategic Alliance With MphasiS

Mumbai, December 14, 2000: Idea2Solutions (i2s) an incubator focused on healthcare-technology start-ups has formed an alliance with MphasiS, a global software architecture, integration and implementation company. MphasiS and i2s will work together to provide technology solutions to healthcare start-ups incubated by i2s.

Under the terms of the alliance, MphasiS, which possesses strong technology band-width, will provide technical due diligence and consulting services to proposals received by i2s and also hand-hold the companies in which i2s invests, in the area of technology architecture, scalability and technology development.

i2s will identify, invest in, inspire and integrate best-of-breed start-ups in the healthcare-technology area. It will provide portfolio companies the insight, financial strength, networking abilities and other resources of a large industrial house, with the speed and agility of a small startup. i2s is keen on allowing the idea generators to actually run the company entirely and be significant owners of it.

Sanjay Desai, Director - Start-ups Business Segment, MphasiS, who is heading the initiative commented, "By providing technical due diligence services we become natural technology partners for the start-up once they are funded. Moreover, it has significant strategic value as MphasiS, at the cutting edge of technology, is in a position to provide the best-in-breed solutions. It is a win - win situation for both."

Jignesh Bhate, CEO, i2s, commenting on the alliance, mentioned, "Increasingly, there have been a lot of proposals for funding in the healthcare arena which are significantly technology intensive - MphasiS' expertise and experience will supplement our domain knowledge in this area significantly".

About MphasiS
MphasiS, an Interactive Integrator, transforms existing operational systems to truly interactive business solutions for clients in the financial, retail and technology verticals. MphasiS expertise spans across Business and Technology Architecture, System Design and Development to Deployment and Maintenance. Key value differentiators are Globality, Architecture Practice, Multiple Domain Expertise, Certified Quality Processes, strong Development Bandwidth and result focused Engagement Models. Headquartered in Bangalore, India and Santa Monica, California, MphasiS has over 1,450 software developers and architects across 17 offices and 11 development centers worldwide.

About i2s
i2s which is started by the promoters of Dr Reddy's group is focused on breeding ideas in the knowledge based industries. The company invests in startups at preferably seed stage and provides funds, physical infrastructure, strong network, strategic guidance, hand-holding and mentoring services. In order to jumpstart operations for a startup the company has signed various alliances in the areas of technology, finance, accountancy and legal matters, HR etc with leading agencies in the field. i2s also has a wide-ranging expert panel as its board of advisors, which would also take the responsibility of mentoring these startups. Based in Hyderabad, the company has already invested in a healthcare services company in Bangalore.