CORDIANT BOT MODEL

Build: Cordiant sets up the facility and infrastructure, staffs the development center, and establishes knowledge transfer and operating guidelines.

Operate: Cordiant manages the offshore organization for the customer: This includes program management, development, quality assurance, maintenance, enhancements and ongoing product support.

Transfer: Cordiant provides help and support to register a new India subsidiary for the customer, transfer team, and handover operations to the subsidiary.

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BUILD PHASE

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Time Frame
The Offshore Development set up will require around 4-8 weeks of lead time to become functional.

Facility, Location
Cordiant will provide an international class facility to house the team dedicated for the customer. Currently, we offer space in International Tech Park, Chennai, Southern India.

We could also have the facility in Bangalore, Hyderabad or Kochi, all in Southern India, if the customer so desires.

Hardware and Software Licenses
Standard Development Environment: Will consist of Desktops, Servers, Printers, Network Infrastructure, OS, MS Office.

All other software licenses and hardware add-ons will be costed separately and charged out to the customer.

Connectivity
High Speed Point-to-Point connectivity between Cordiant and Customer HQ is deployed and rolled out.

Information Security
Cordiant will extend its Information Security Management System to the facility.

Background Checks
Background checks are conducted on all hires by an internationally recognized agency.

NDAs
All hires sign a Confidentiality and Invention Assignment agreement with Cordiant on being employed by Cordiant. Additionally, they sign a 1:1 Confidentiality and Non-Disclosure Agreement with the customer before they join the team.

Time Zones
India is 5:30 hours ahead of the GMT,  10:30 hours ahead of the EST and 13.30 hours ahead of PST.

Knowledge Acquisition, Training, Initial Customer Visits to Cordiant
Business and technical training on the Customer’s products and solutions is the first step in the process.

Business Analysts and Technical Specialists from the Customer visit Cordiant to train the core team on the product / solution fundamentals. Vision, Business Case, UI, Technical Architecture, IDE, Coding guidelines are some of the key elements covered during these sessions.

Collaboration and Time Reporting Software
Collaboration software and time reporting software are deployed and rolled out.

Version Control
Version control processes are defined and clearly communicated and put into place.

Voice Conferencing
Daily Voice Conferencing and status reporting with the team at Customer HQ is recommended at this stage.

Reporting Structures
Organization and Reporting structures are put into place.

Small Start
Development and Testing, typically smaller maintenance tasks, starts at the end of this Phase.

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TRANSFER OF THE TEAM

The transfer of the team to the Customer will be on completion of the time horizon, as per the terms and conditions agreed between Cordiant and the Customer.

• An Indian subsidiary company is set up for the Customer.
• Any infrastructure facilities agreed to have been transferred to the Customer at this Phase, are systematically transferred to the Indian subsidiary.
• The team will be reorganized as per the original agreement as to who will remain with Cordiant and who will move over to the Customer subsidiary.
• Replacement resources are hired as per a transition plan.
• Support Staff such as Admin, Finance, Legal and Secretarial are transferred to or hired for the subsidiary.
• All Intellectual Property Assets that should belong to the customer are transferred to the subsidiary.
• The subsidiary is now run as an independent entity from an operational perspective.

The BOT engagement between Cordiant and the customer is formally terminated upon sign off, as per the terms of the original agreement.

Cordiant Build-Operate-Transfer approach enables our customers to rapidly start their India Offshore operations, make them sustainable and then transfer them as their own subsidiary.

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CORDIANT’S PRIOR SUCCESS WITH BOT

Neptune establishes own Asia presence

London UK, 09 March, 2010 – Neptune Software plc today announces the establishment of Neptune Financial Software Pvt. Ltd. in Chennai, India.

The new wholly owned subsidiary is the focal point of Neptune’s strategy to expand its own Rubikon development capacity, provide an international support centre, as well as sales and pre-sales capacity for the Asia region.

The new operation will include a strong team of 60 developers, many of whom were transferred over to Neptune from Cordiant Technologies as part of the conclusion of the BOT (build, operate, transfer) agreement that had previously been in place.

Neptune Financial Software Pvt. Ltd. will therefore become a fully functional regional office, taking on the bulk of development for Rubikon. It will also have a purpose-built customer support centre and a full operating training centre for clients, partners and staff.

Neptune’s global expansion is successfully reaching out into Asia, with a number of wins in the region in 2009. It is therefore appropriate timing to launch Neptune Financial Software Pvt. Ltd. in Chennai, India, where additional resources for development, implementation and sales will be recruited.

According to Simeon Agu, Chairman and CEO, ‘Asia is proving to provide fertile ground for Rubikon growth, with a number of wins in the region and a healthy pipeline, therefore reinforcing operations to cover the territory is a natural step for us to take. We have big plans for Rubikon. Chennai’s location makes it a perfect strategic hub for development, support and sales.’

About Rubikon
Rubikon is a next generation banking solution that offers a comprehensive range of functionality. Features include integrated workflow/event management, case management, document management, rules engine, multiple delivery channels, regulatory compliance, business intelligence and data warehousing. Rubikon is a 100% Java solution, based on J2EE technology and built on a Service-Oriented Architecture (SOA). It supports both grid and cloud computing on the Oracle 10g platform, offering a basketful of cost and operational benefits to users. It is also the first system that truly eliminates the need for an “end of day” processing.

About Neptune Software plc
Neptune Software provides banking solutions to financial institutions in an efficient, cost effective, and timely manner. Neptune has partnered with more than 70 banks and financial institutions worldwide. Many of Neptune’s customers have achieved award-winning efficiency thanks to its universal banking products. In 2008, Neptune achieved a top 5 ranking in the IBS Sales League of international banking systems vendors.

http://www.neptunesoftwareplc.com/Press Release/Chennai.htm

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Cordiant’s Boutique Approach to Outsourced Product Development Helps it Build World-Class India Engineering Teams to Enhance Customers’ Software Product Development Efforts.

Cordiant builds India A-teams from the ground up, for a select number of global customers. This Boutique approach has enabled us to provide undiluted customer attention with a focus on providing world-class product engineering teams to our customers

Chennai, India (PRWEB) January 19, 2010 — Cordiant Technologies, an Outsourced Product Development Boutique based in India, announced today that two of the enterprise software products it has been building for its customers find their place in the Gartner Magic Quadrant for 2009.

Today, one of Cordiant’s long term customers is a recognized leader in providing more than 4000 organizations – including 30 percent of the Fortune 500 companies with comprehensive solutions to streamline Governance, Risk and Compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance. The product, built using Agile practices in an offshore – onsite collaborative development model, has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance platforms, 2009.

Cordiant’s second success in 2009 has been in the Banking solutions segment. Rubikon, from Neptune Software plc, UK has been positioned by Gartner in the Niche Players Quadrant of its 2009 Magic Quadrant for International Retail Core Banking Software platforms. Rubikon is being built at Cordiant Resource Lab for ISVs in Chennai, India and has gone live in 4 banks within 6 months of its launch.

“At Cordiant, we build India A-teams from the ground up, for a select number of global customers. This Boutique approach has enabled us to provide undiluted customer attention with a focus on providing world-class offshore product engineering teams to our customers,” said Dennis Paul, President & CEO. “The Gartner achievement is an acknowledgement of the success of our approach,” he added.

Cordiant Development Centers are located in Chennai and Kochi, Southern India.

About Cordiant Technologies
Founded in 1995, Cordiant Technologies is an India-based Outsourced Product Development Boutique for Independent Software Vendors (ISVs) and Internet Businesses worldwide. The company is committed to providing innovative and customized services and solutions to create long term value and growth for its customers.

For more information, +91-44-4266-6015 ext.175 (India), email: marcom@cordiant.com or visit http://www.cordiant.com

ACCOMPLISHED GRAPHIC DESIGNERS/ ANIMATORS (0-4 YEARS)

• Must have excellent knowledge of Adobe Products (Photoshop, Dreamweaver, InDesign).
• Must be well conversant with Web and Mobile UI technologies (HTML5, CSS etc.).
• Must be Proactive and Creative.
• Should be able to present new design / visual ideas in quick iterations.
• Should ensure that the designs are optimized to the maximum extent to improve the performance.
• Experience on Mac platforms is desirable.
• Work Location: Kochi

Cordiant provides the entire range of product development services to Independent Software Vendors (ISVs) worldwide by leveraging an India-based offshore infrastructure.This online meeting is intended for ISVs who don’t wish to travel in seek of potential offshore partners who have the ability and commitment to quickly ramp-up an offshore product development team for the ISV.Cordiant, through WebEx, offers a customized presentation on Cordiant’s proposition that specifically matches the ISVs needs and budget. This WebEx shall provide an overview of Cordiant’s capabilities and past endeavors as a trusted offshore partner in providing a complete range of world-class offshore services to ISVs.The session shall also include the following:-

• An exclusive look at the Resource lab for ISVs that is dedicated to providing offshore product development services to Independent Software Vendors (ISVs).
• Cordiant’s product development capabilities that includes its technical expertise, domain knowledge, project management, communication and reporting techniques.
• The best practices adopted to ensure Information security and customer’s IP Protection

This WebEx is especially for ISVs looking out to quickly ramp-up their offshore product development team with minimal cost and risk, at the same time, not compromising on quality or professionalism.

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Cordiant Technologies was boot-strapped by Dennis Paul in October 1995 in Cochin (Kochi), Southern India.

Since 1997, Cordiant has been providing India-based offshore development services to an international customer base.

What started off as simple programming services in 1997 by leveraging labor arbitrage through the internet, grew later into a more mature set of offerings to our global customers.

Today, Cordiant Technologies provides Product Development and Internet Application Development to Independent Software Vendors (ISVs), internet businesses and internet-enabled businesses, using Agile Offshore Product Development practices.

Paisley GRC, now part of Thomson Reuters Accelus, is a recognized leader in providing more than 1400 organizations, including 30% of the Fortune 500, with comprehensive solutions to streamline GRC processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance. Cordiant has been engaged with the customer from 2004 until 2010 as an offshore development partner and helped take the product from vision to market-leadership.

Rubikon, the next-generation Universal Banking Software, almost exclusively developed at our Chennai Development Center through a Build-Operate-Transfer engagement with Neptune Software plc of the UK, continues to make rapid strides in the marketplace.

While most of our earlier engagements in the Product Development space have been predominantly staff-augmentation, since 2010, we have transformed ourselves into a completely Agile Product Development organization.

New Initiatives

This year, the company has set up a new Center of Excellence in e-Learning within its International Tech Park Office in Chennai, India.

A Center of Excellence in Enterprise Mobility is currently being set up in our Indira Nagar, Kochi, Development Center.

The company has also announced plans to promote an Information Technology Research Park (ITRP) in a green-field site in Kochi, Southern India. The Phase I of the ITRP project, for which land has already been acquired, is expected to be operational in 2012.