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| From
the Desk of... |
| Hi
Team,
The growth and development of our India capability
has been a source of pride and prestige for the
company. The integration of Softkee Informatics
into the ebusinessware Group, has enabled ebusinessware
to become a global firm and has opened new doors
to new opportunities and new markets with new
clients. In addition to sales growth in the US,
we have also seen continued growth in Singapore
and the U.K., - all around us are increased opportunities
to serve the needs of our global clients!
As we look ahead, the gem of our core competence
will be to leverage our presence into a full-scale
offering of industry-oriented solutions that integrate
business processes and technology. You have made
this step possible and will reap the rewards of
making our presence state-of-the-art, honest and
agile. We will continue to invest in the leveraging
of intellectual property for ebusinessware - solutions
in reference data, reconciliation services and
quality assurance are the areas we will focus
on for 2004 / 5. Going forward, our vision is
to become the premiere provider of intellectual
capital to the financial services industry - with
disciplined thought, disciplined people and disciplined
actions, we can rise to the top of the field.
As such, the contributions of our team toward
CMM certification and process leadership are priceless.
Our first quarter ending June 30 was the strongest
quarter we have ever experienced, with sales increased
over 80% from the prior year and profitability
increased 355% from last year's 1st quarter. In
addition to our current book of business, we are
actively closing the following deals:
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Assisting
Citibank to re-engineer their Derivative Counterparty
Trading Book |
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Assisting
WestLB to build a CreditDerivative Trading
System |
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Implementing
CreditDimensions for DTCC |
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Increasing
project scope at Navisys, IDS and Prudential |
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Increasing
team in Singapore |
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Increasing
team in UK to assist Iris Financial in their
Trading System |
In addition to the above, there are a few other
proposals that we also have outstanding. As you
can see, we anticipate strong growth through the
year and we are aggressively recruiting additional
team members while we simultaneously seek ways to
grow the team that has shown the dedication and
commitment to grow the business - you are in that
group of people.
As the year progresses, we will find opportunities
for people to take on additional responsibilities
and grow their careers as they contribute to the
business growth. We are launching a company newsletter
this month as a way to increase communication because
we have all been running pretty hard over the past
few months to deal with the growth in the business.
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Edward Hoofnagle
Chairman and Chief Executive Officer |
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| President's
Board... |
We
have grown to be a true multinational organization
from a small company in just a few years. It has
been due to exponential growth in spite of a rather
challenging economy over the last few years. It
has been very satisfying to see that our growth
has stayed in equilibrium when
looked at from various angles.
Our growth has been uniform from geographical
point of view both in the US and India along with
recent expansion in Singapore and London. We have
continuously attracted very senior people along
with bright young talent. We have expanded our
skill-set in different areas of technologies from
COBOL, Java, .NET, XML, APL to E.Piphany, IBM
portlet server etc. Similarly, our industry coverage
has been consistently augmenting from Risk management,
Trading & Credit Derivatives systems to include
Insurance, Wealth management, Distance Learning
in the financial industry, Retail Banking as well
as multi-lines of business, Hedge funds, and more.
Our clientele has been a good mix of top financial
companies in the world and extremely focused niche
financial boutiques. To top it all we have achieved
considerable maturity in the areas of sales, delivery,
processes, and HR equally well.
It is difficult to pin point or attribute this
phenomenon of success to any single person or
factor. All of the groups within the entire organization
have contributed to our expansion via synchronized
strides. Such an observation is very unusual in
our turbulent and dynamic industry.
At the same time, the biggest gainers from the
above growth phenomenon are our people. Obviously,
our people were not left behind when we were growing.
Average promotion period has been excruciating
fast i.e. Well within 1-2 years. Of course, some
of you have been fortunate enough to see multiple
promotions in these few years.
Kudos to all of you and trust you to continue
to participate in ebusinessware growth for it
is your growth as well.
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Sanjeev Midha
President and Chief Technology Officer |
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Partners’
Retreat was held at Ed's residence on 16th May 2004.
Elaborate discussions on new initiatives and forthcoming
projects provided an opportunity for exchange of ideas
amongst all the partners – Ed, Sanjeev, Ashu,
Roy, John, Rajesh, Masood, Akhil, Harish and Gurpal. |
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The
Partners also gathered for a get-together at Sanjeev’s
residence on 2nd June, 2004. |
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Sandeep
Singh was promoted to Associate Partner
in New York. |
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Mohit
Joshi was promoted to Associated Partner
in New Jersey. |
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Srinivas
Reddy was promoted to Associate Manager
on July 19, 2004. |
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Richa
Gauba was promoted to Module Leader, on
July 16, 2004. |
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Rajiv
Ranjan was promoted to Project leader
on July 16, 2004. |
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A
group of five senior software engineers, from India
office Shalabh
Agarwal,
Susanta Dash, Sajjan
Chauhan,
Kapil Arora and Hemant
Gaur are undergoing training at IRIS-Financial,
London. |
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Prashant
Kapahi Credit Dimension India Team underwent
a training program at adsatis, London. |
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Pankaj
Gupta, Chief Technology Officer India
Operations, left for a UK and US tour early this month.
Pankaj's tour is aimed at improving interactions and
exchanging ideas between onshore and offshore teams.
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ebusinessware
is proud for its employees who are selected to join
ongoing projects in the onshore office: Sandeep
Singh,
Gaurav Malik, Asheesh Sharma,
Chanakya Ganguli and Manpreet
Singh. |
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ebusinessware
is equally happy about the movement of Mahua
Chowdhary, Ramakant
Goswami and Vasant
Kumar to our Singapore office. With
Sharad Mohan
all set to leave for Singapore later this month, the
team is growing. |
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After
completing his training at CSFB London, Somnath
Mukherjee will be joining our team at
Singapore office. |
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Vikas
Dutta has
joined us as Associate Manager and is slated to join our
Singapore team, later this month. |
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ebusinessware
Editorial Group was formed and entrusted
with the responsibility of compiling, editing and producing
newsletters, case studies, technical papers, website
enhancements and promotional activities. The group comprises
of Paromita Ghosh, Sudhir Jagtap, Navneet Singh and
Jai Sethi. |
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A
group of software engineers and sales support team completed
a prestigious communications course, conducted by Peach
Communications. The course was aimed at enhancing
inter-team and intra-team communications. The group
also underwent a workshop on understanding the culture
of UK. |
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E.Piphany training has been scheduled
for some of ebusinessware personnel for the month of
August. E.Piphany is one of the best CRM products in
the market. We are trying to arrange ways to train the
offshore team in near future. |
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ebusinessware
HR team has launched a 360-degree communication
programme to identify and tap the intellectual capital
of the company. |
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HR
department initiated an award programme
for the EA-ESUB team in appreciation of their exceptional
delivery schedule. |
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The
SEPG has initiated a knowledge exchange programme to
enhance the inter-team and intra-team |
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In
an effort towards promoting Community Development
and neighborliness, ebusinessware HR Department
funded an education programme for poor children by donating
Rs 1.25 lakh to a local girls’ school, on behalf
of the company |
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During
an Open House session on July 16, 2004
the launch of English Week was announced. The Week commenced
July 19, 2004. |
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EIASE
conducted an extensive training programme on Finance
and UniRAD – handbook on methodology framework,
to a batch of Project Leaders and new joinees at India
office. Due to large number of inductions in US, Rajesh
Abhyankar has been imparting UniRAD training to new joinees
in New Jersey and Connecticut recently. |
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Manas
Pradhan recently won championship's
trophy during PRIMUS Table Tennis Competition
in US. |
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| People
form the most important asset for any organization and
without an adequately trained workforce, it is difficult
to deliver outstanding results to the clients. Committed
towards continuous organizational and workforce development,
ebusinessware launched EIASE. |
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conducting training programs, EIASE focuses on three
major areas: |
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Project
based training: Before every project,
a thorough gap analysis is done between the skills
requirement of the project as well as the current
skill level of the team members. Depending on
the gap analysis, employees receive training in
several areas either before the project or on
a continuous on-going basis during the project.
If the training resources cannot be located internally,
ebusinessware is committed to hiring the best
available outside resources for this purpose. |
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Employee
empowerment: ebusinessware offers a variety
of courses in its curriculum, which are geared
towards empowering employees with non-technical
skills such as client communications, leadership,
teamwork etc. Employees can always sign up for
these courses as well as other technical courses
in which he/she is interested in, as long as the
employee has written consent from immediate manager. |
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Continuous
improvement: Towards this end, ebusinessware
has established a core group – EIASE Founding
Group, whose responsibility is to constantly measure
performance and identify opportunities for improvement.
Further, there is a strong process of feedback
built into the training program where anonymous
feedback is collected and acted upon after each
course and for the whole training program in general. |
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ebusinessware
would in the future like to expand its training program
as a forum and a consortium for leading practitioners
in the industry to share best practices in applied software
engineering and train other people to eventually raise
the overall standard of the industry. |
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As
an Associate Manager, Mahua is currently deputed at
CSFB Singapore. Prior to this, she was looking after
offshore development for EA-Lite project. She also shared
her technical expertise with PRIMUS.
Prior to joining ebusinessware, She was employed with
e-ARMSolutions Private Limited, New Delhi and completed
around 3 commercial projects that are already deployed
at client site.
She has an extensive experience in DHTML, XML, JavaScript,
VBScript, JSP, ASP, Java, VB Oracle, DB2, WebSphere
application server, Java Web Server.
She holds certifications in ‘MCSD’ and ‘DB2
Family Fundamentals 7.1’
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With
over seven years of extensive experience in the financial
services, his primary responsibilities include providing
strategic inputs for successful execution of financial
data management projects. He also operates in the capacity
of business analyst for financial software projects.
He conducts training programs for both – data
analysts as well as a team of software engineers.
Prior to ebusinessware, Sudhir worked in various capacities;
as an independent Capital Market Strategist - providing
consulting services on trading strategies, as a business
analyst for (www.outlookmoney.com) - India’s premium
personal finance portal & as a retail banker with
a renowned nationalized bank.
Sudhir
earned his B.E (Mechanical Engineering) degree from
PEC, Punjab University. He also holds an MBA (Finance)
from University of Rajasthan.
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| Akhil
is a Technology Partner at ebusinessware. Akhil Nigam
was part of the initial ebusinessware, Inc. team in
1999 after working with Fixed Income Traders to develop
front office technology to manage their risks and portfolios
at Societe Generale. He also developed various analytical
applications to monitor market risks and historical
analytical tools to control market and historical risks.
Before joining Societe Generale, Akhil worked in the
Fixed Income department of Lehman Brothers, developing
various applications in 3-tier architecture using Microsoft
Technologies, such as. VB, VC++ and COM/DCOM.
At ebusinessware
Akhil has been instrumental in building Honey Street,
A Capital Markets Portal, The Reporting module of the
ICOR Financial Systems. He elevated to the level of
team lead in Retail Distribution Portal QA effort and
Financial Planning System at Prudential.
Currently,
he is designing the business strategy at Risk management
group Credit Suisse First Boston, NY. Most of the new
applications were developed using Java / J2EE technology.
Akhil grew to the level of Technology Partner and Director
level at ebusinessware rapidly. His balanced approach
to applying his industry knowledge and technology expertise
combined with fine communication has helped him achieve
this status at a very young age.
Akhil graduated Summa Cum Laude with a B.S. in Electrical
Engineering from the Cooper Union for advancement of
Science and Art. He also holds a M.E. in Financial Engineering
from Columbia University.
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a Senior software engineer, Shalabh is currently undergoing
training at IRIS-Financials, London. Prior to this,
he was looking after offshore development for EA Life
project. He has also shared his valuable experience
with key projects like S1 and VetConnect.
She
has an extensive experience in J2EE, Java, Weblogic
Application Server, ATG Dynamo, RSA-BSAFE Crypto–J
and Phaos J/CA toolkit.
Shalabh
received his bachelor degree (B.Sc) from Rohilkhand
University and PGDCA from MCRP University Bhopal.
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ebusinessware
offshore unit dedicates this note in appreciation of
the Sales team’s commendable success.
ebusinessware's initial years
have been filled with exciting learning experiences.
Although our brand was pitched against global stalwarts,
the maiden, but highly successful strategies of the
sales team never floundered in firmly establishing it.
Converting potential clients into real customers is
not one of the easiest targets to achieve. But the elan
with which ebusinessware sales team transformed each
opportunity into a definite deal has been worthy of
highest appreciation.
The forte of ebusinessware’s dedicated sales team
has been its five-point execution plan that the sales
personnel implement to achieve the desired results.
The plan entails five key elements that merge into a
successful, replicable, dependable and results-producing
sales formula. These five key elements are: Targeting,
Communicating, Sales Tools, Sales Process and Sales
Training.
With “World becoming a Village” and “Businesses
becoming Local”, the sales team’s arena
is diverse to say the least. Where ‘Global’
has become the buzz word, the team’s versatility
in selling in myriad technology domains has surely proved
to be a benchmark for others to emulate. Entire ebusinessware
family appreciates your dedication and hard work, and
re-assures you of our delivery capacity keeping pace
with your efforts.
ebusinessware’s winning sales effort is a meticulously
detailed, documented, replicable set of actions, combining
the sales message with the sales tools, which are practiced
with precision. ebusinessware stands apart from the
fairly routine and boring maintenance operations by
exploring exciting new challenges, which originate from
Sales Team’s hard-won efforts on the "front
line". |
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ebusinessware India office has witnessed a tremendous
pace of growth over the last year. Each project team
has effectively met all its challenges and client satisfaction
has been the reward. Each time, new teams have been
formed and existing teams have grown, the challenges
and requirements before the HR and Administration Department
were colossal. The Department has worked round the clock,
on very tight schedules and has come up with resources
for every requirement on every occasion. The office
has been abuzz with the new team members and seniors
initiating them in ongoing projects.
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| ebusinessware
commenced Singapore operations as a technology partner
to Credit Suisse First Boston in Risk Measurement &
Management domain. In this position, we have helped
and continue to help CSFB realize bringing Risk Measurement
and Management process under the purview of firm wide,
homogeneous & strategic solutions — away from
the current fragmented approach.
This helped not only to improve the timelines for regulatory
risk reporting, but also to bring down the costs. The
success of our foray into CSFB, Singapore can be measured
from the fact that Risk IT, Singapore is one of the
fastest growing areas within Singapore Development and
Support Center — CSFB's initiative to offshore
all possible development and support work to Singapore.
We plan to expand to other functional areas within CSFB
as well as to other financial organizations.
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| Employees
‘make things happen’ in any organization.
That ebusinessware knows this truth, is proved by its
genuine effort to create an exciting working environment,
which helps its people to develop their full potential.
It encourages open communication, personal development
and creates opportunities based on performance. The
congenial work environment here fosters genuine employer-employee
relationship by recognizing the latter’s contribution
to success and growth.
There
is tremendous scope not only to develop professionally,
but also for personal growth and development. The regular
training programmes and seminars conducted ensure all-round
development of employees. Such measures encourage, motivate
and integrate people at work and reinforce our belief
that success is not an individual effort but a joint
effort of teams.
ebusinessware has set up a perfect combination of authority
and responsibility among its employees. It integrates
a rule of performance and growth for all. Its reputation
for integrity attracts both customers who see trustworthiness
and employees who value character. I am really proud
to be ebuinessware. |
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Manpreet
Singh with Nikita
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To
Rajesh Kumar,
daughter Neha |
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Chanakya
Ganguly
with Rangoli |
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Vivek
Saxena with Nishi |
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Srikanth
Tamatam with Swapna |
Feedback |
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