CIOTechOutlook >> Magazine >> August - 2013 issue

Crack it at the Right Time

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In the startup world there is a common saying, “You can either mine for gold or you can sell tools that miners need to mine for gold.” The irony is that the miners are not the ones who became rich, but tycoons like Levi Strauss and Samuel Brannan who sold jeans, shovels and pickaxes during the California Gold rush of 1848. Today, there are only very few like Levi Strauss and Samuel Brannan to identify the right opportunity at right time and make the right decision to make it big.

This issue, we have tried to identify one such entrepreneur Dr. Parag Pruthi, Founder, Chairman & CEO, NIKSUN. The journey of Dr. Parag Pruthi, from building a product for the United States Secret Service (USSS) and how the NIKSUN team was finally able to bring the Supreme Eagle suite into the market is a motivating story of persistence and patience. Due to patriotic obligations and after rebuilding the company from scratch due to a fire outbreak in the building, NIKSUN finally plans to release its path breaking Data Network Monitoring suite soon and take solving the challenge of data reconstruction and analytic to another level.

Moreover, this issue we have identified 10 Most Promising BFSI Software Solution Providers who are creating buzz in the industry. Today we are witnessing more BFSI companies investing in Core Banking Solutions, where Business Enabling Solutions, Peripheral Applications and Security Compliance are the key driver for increased IT adoption. However, the major challenge of CIOs is to identify and select the right solutions for their needs. One of the pleasant surprises is the presence of more than 200 India based companies providing technology solutions for BFSI sector.

These solutions from home grown companies compete very well with solutions provided by world renowned MNCs. Prompted by several requests from senior decision makers in BFSI industry, CIOs and even some of the vendors providing solutions, we present 10 Most Promising BFSI Software Solution Providers. They are not only great in technology, but also dynamic to bring in business value.
The hallmark of all these entrepreneurs is a great passion for their startups and long-term commitment. We wish them all good luck and hope for great success ahead.

Please do let us know what you think.

Christo Jacob
Managing Editor
christo@cioreview.com

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