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

Neptune’s Universal Banking Software Rubikon developed at Cordiant Resource Lab for ISVs in Chennai has gone LIVE in 4 banks within 6 months of its launch. With as many as 10 more banks signing-up for Rubikon, this new age banking product has also been included in the Gartner Magic Quadrant, 2009.

Here are some of its recent achievements:

• National Savings & Credit Bank, Zambia goes live across 29 branches on Rubikon in just 5 months! http://www.neptunesoftwareplc.com/Press%20Release/NatSaveLive.htm
• Efatha Bank Tanzania Goes Live! http://www.neptunesoftwareplc.com/Press%20Release/EfathaGoesLive.htm
• Rubikon goes live at TN Bank in Zimbabwe http://www.neptunesoftwareplc.com/Press%20Release/TNBanklive.htm
• Neptune Software rises to top five in the 2008 IBS Sales League Table of international banking systems vendors.
  http://www.neptunesoftwareplc.com/Press%20Release/topfive.htm
• Rubikon enters the Gartner Magic Quadrant for International Retail Core Banking http://mediaproducts.gartner.com/reprints/oracle/article83/article83.html

Rubikon has a unique Financial Service Oriented Architecture (FSOA) that facilitates rapid incremental deployment either as a complete universal banking solution or as a series of special-purpose applications that can collaborate with existing infrastructure. Find more on Rubikon successes at http://www.neptunesoftwareplc.com/pressrelease.html

Success of Rubikon is special for Cordiant as the entire offshore development is being accomplished from Cordiant’s ODC at International Technology Park in Chennai. At Cordiant, we combined our experience with distributed collaborative development and Agile Practices to produce a congenial environment to translate the product vision into a market-ready solution.

Engagement History & Cordiant Execution

In 2006, with its experience in providing comprehensive range of banking solutions in Europe and Africa, Neptune decided to embark on an ambitious project  to build and take to market a flexible and scalable universal banking solution.

Cordiant’s prior experience in building extended development centers for Independent Software Vendors (ISVs) proved decisive for its selection as the offshore partner. In line with Neptune’s vision, Cordiant customized an Offshore Solution for them at its Resource Lab for ISVs in International Tech Park, Chennai.

http://www.cordiant.com/cordiant-technologies-to-help-neptune-software-uk-to-extend-product-development-into-india/

The Chennai team of 35 technology and banking software professionals who have established an analogous development environment, reporting structure and communication procedure with the Neptune Headquarters in London.

Cordiant executed the following to set-up the ISV’s team in India:

• Make arrangement for the ISVs technology team to be setup in one of the best IT Parks in India – International Tech Park, Chennai

• Placing advertisements for Business Analysts, Developers and Testing Specialists in leading newspapers and Job portals. Neptune on a regular basis was updated on the recruitment status and short-listed candidates.

• Conducting preliminary technical interviews and scheduling slots for final interviews by Neptune’s senior technical team visiting the offshore location.

• Make arrangement for Team members to visit onshore development center for induction and detailing of the technical expectations vis-à-vis the product vision.

• Cordiant also helped Neptune in in-sourcing a few Business Analysts from India, experienced in the Banking domain, for their London HQ.

As of today, the Rubicon product is developed and supported primarily by the team in Chennai.

The buzz that Rubicon has created in the marketplace and its recent inclusion in Gartner Magic Quadrant, 2009 makes us all so proud of the work we have been doing for our customer.

Technologies Used

• J2EE – EJB, MDBs, JSP, Servlets and Tag libraries
• Translation technologies XML, XSLT
• Web Services, SOAP
• DB2/Oracle
• WSAD 5.x

This has been a very special customer engagement for Cordiant where we saw the product grow from vision to  being a world leader in the  fast maturing Governance, Risk and Compliance ( GRC) platforms market.

With the passing of the Sarbanes-Oxley Act in 2002, many US corporations were faced with new requirements for audit, operational risk and control.  Our customer’s solution then became the leading application used to address the requirements of Sections 404 and 302 in corporate America.

In 2005, our customer released the first-generation GRC solution that combined the functionality of audit and risk management on a single platform. In 2007, our customer again led the market with the releases of the Enterprise GRC solution and GRC on Demand. These comprehensive GRC solutions have six components built on a single data repository – financial controls management, operational risk management, enterprise risk management, internal audit, IT governance and compliance.

Today, our customer is a recognized leader in providing more than 1400 organizations – including 30 percent 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.

Gartner has positioned our customer’s product in the Leaders Quadrant of its 2009 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. As a matter of record, our customer has been holding its position in the Leaders Quadrant since 2007.

http://mediaproducts.gartner.com/reprints/oracle/article92/article92.html

Engagement History & Cordiant Execution

With Federal regulations & SOX deadline, our customer was faced with the challenge of rapidly delivering a product tailored to their customers’ unique requirements within extremely tight timeframes. In essence, a ‘tornado’ approach was required to deliver software solutions to a large number of the world’s top enterprises. Our customer needed to find a reliable and competent offshore partner who would deliver them the advantage of speed-to-market combined with world-class quality.

Cordiant facilitated a quick ramp-up of highly skilled resources for Product Development, QA and Offshore Delivery. Cordiant deployed a 70 member offshore team which functioned as a virtual extension of our customer’s  development team in the United States. Separate teams functioned for core product development and for rapid customization for individual customers. Over time, features were included in the core product to minimize the need for individual customization.

Special efforts were in place at Cordiant to ensure that only highly motivated and superior skilled team players were recruited as part of the team. Thus, our customer got an A-TEAM in India, working as a virtual extension of their team in the US.

Cordiant also provided the customer the flexibility to ramp up and ramp down the team size,  based on the then prevailing demand for resources. This way, our customer benefited from a highly flexible workforce through their relationship with Cordiant.

Technologies used

• J2EE – EJB, JSP, Servlets, Struts
•  Software on Demand, SAAS
• Web Services, SOAP
• JUnit, CACTUS
• WSAD 5.x
• WebSphere Application Server, JBoss
• DB2/Oracle
• Windows/ Linux