Mutually beneficial partnership highlighting the increased relevance of GIS based tools for high-end decision-making
January 14, 2003: HP, the leading global provider of information technology products, services & solutions and Magnasoft,
leading provider of complete GIS solutions, today announced that they have entered into a strategic alliance to provide end-to-end
GIS solutions to enterprise customers.
This alliance enables Magnasoft to leverage the wide network and national reach of HP, in turn augmenting HP's existing offerings, and presenting GIS solutions to HP's customers that largely comprise of conglomerates and Government institutions.
HP and Magnasoft would together plan to map new markets and chalk out marketing strategies that are mutually beneficial. "We are pleased to have a tie-up with Magnasoft", said Neelam Dhawan, Director Sales & Marketing, Enterprise Systems Group, HP India. "This partnership would provide HP's customers an enhanced proposition through a unique combination of GIS solutions that are dedicated to lowering total cost of ownership while enabling end-to-end solutions on HP's scalable and highly available computing platforms. We propose to bring to this relationship, a combination of innovative marketing programs and value-added solutions."
"We are proud to be the first partner of HP in the GIS domain. Today GIS is emerging as a high end decision support tool and this tie-up will help deliver GIS applications for enterprise-wide migration for number of industries such as Telecom, Power, Logistics, Transportation to name a few, stated Mr. S Sridhar, Vice Chairman and Managing Director, Magnasoft. "The HP-Magnasoft alliance would jointly address new applications of technology and bring value to customers in the GIS domain," he added.
Also, HP's tremendous reach and best in class infrastructure products and services would enable these GIS solutions to be deployed innovatively to address our customer's needs.
About HP
HP is a leading provider of products, technologies, solutions and services to consumers and business. The company's offerings span IT infrastructure, personal computing and access devices, global services, and imaging and printing. HP invents, engineers and delivers technology solutions that drive business value, create social value and improve the lives of its customers.
The new HP is the result of a May 3, 2002, merger with Compaq Computer
Corporation. The merged company would have had combined revenue of approximately $81.7 billion (U.S.) in fiscal 2001, with
operations in more than 160 countries. Chairman and CEO Carly Fiorina leads the company, which has corporate headquarters in Palo
Alto, California.
For further information please visit www.hp.com
About Magnasoft
Magnasoft is a platform independent 'Complete GIS solutions' company, with GIS offerings ranging from application development to enterprise integration and consulting to data conversion and capture.
Incorporated in 2000 in Bangalore, India, Magnasoft has a presence in the US, Europe and South Asia. Magnasoft has executed challenging GIS projects for prestigious Fortune 100 clients.
Magnasoft is mentored by Global Technology Ventures, a premier venture capital company promoted by Bank of America Equity Partners, Nomura International and Sivan Securities, and managed by a team of highly experienced professionals.
For further information please visit www.magnasoft.com