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Indus Software launches eSpan Worldnews
Usha Somayaji
26 February 2000


Indus Software has developed a new product, eSpanWorld, an issue-based collaboration Internet portal for senior managers posted across the globe. The product is aimed at reducing telephone, meeting and conferencing time for senior managers.

Briefing the press about the product, Vivek Mannige, managing director, Indus Software, says it would help managers communicate and keep abreast of multiple projects and issues without requiring to attend meetings or making phone calls.

"A manager, on an average, spends 16 hours per week on meetings and more on calls. The eSpanWorld will save at least 50 per cent of this time through the exchange of information in advance," says Mannige.

The product is to be officially launched in the Indian market in March, and in the global market in April this year. It serves as an organiser cum bulletin board cum discussion forum cum e-mailer, all rolled into one. It operates as a single repository for all feedback, follow-up and version control.

The unique feature of the product is its use of 'stickies' that function like post-it stickers, and provide the space for user interface, linking up with action lists, reminder facilities, and action tracking. The stickies can carry attachments that are text, voice or video. The product is built on pure Java, aimed to give rapid operating speed to the process. "It's an exciting medium for managers to reduce wastage of time," says Mannige.

Available in two component versions, Client and Server, the Client version will retail around $100 apiece, while the Server version will cost $25,000. Indus Software hopes to add $2 million over a twelve-month period to its revenues through sales of this product alone.

The company, which closed March 1999 with a sales of Rs 8.9 crore and a profit of Rs 2 crore, expects to clock in a 25 per cent growth, both top and bottomline. Indus Software, a decade-old company is a 100 per cent EOU, and has specialised in financial and banking software. Headquartered in Pune, India, the company has a development centre and laboratory for new products in Pune, and a wholly owned US subsidiary, Indus Software Inc, located at New Jersey. The company has equity investment from GE Capital and Intel. Its products include Lending Solutions from Indus, (LSI), Loan Appraisal System for the Internet (LASI), Finance Against Securities System (FASS) and Indus Stress Testing Tool (ISTT) for engineering applications of software.

"Our thrust now will be on internet-based products," says Mannige.send this article to a friend The company, which has a manpower strength of 175, expects to close calendar 2000 with 300 people. It also proposes to add two more development sites in three years.



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Indus Software launches eSpan World