International Decision Systems Opens
Global Product Development Center in India

BANGALORE, India, September 23, 2005 – International Decision Systems (IDS), the standard setting market leader in equipment financing software and service solutions, announced today the grand opening of its Global Product Development center in Bangalore, India. Led by IDS Executive Vice President for Worldwide Product Development Srikanth Sundararajan, this location will serve as the hub for the continued development of world class leasing and loan accounting and portfolio management solutions in the US and abroad. This opening represents a step forward in IDS’ strategy to unify its global product development team, and the company’s commitment to its InfoLease®, Rapport™ and ProFinia™ solutions.

An industry leader in equipment financing, IDS’s Bangalore center will further technology innovation as well as enhancement initiatives for the company’s service offerings. This will include ongoing performance and value upgrades to the standard setting InfoLease and Rapport as well as the highly anticipated next generation leasing application ProFinia.

“With ProFinia, Rapport and InfoLease, IDS continues to build a strong and financially viable foundation for technology innovation and growth. Our goal is to ensure that our development and support capabilities are aligned with our customers and the marketplace’s needs,” said Srikanth Sundararajan, EVP, Worldwide Product Development. “IDS is excited by the prospect of attracting some the industry’s most talented minds to further our efforts in the equipment leasing arena. We are looking forward to the opportunities that are now available for creating new and innovative products as well as advancing our existing offerings through a global development system.”

K.T. Schmidt, Director of Human Resources said “The Bangalore location is the largest of its kind for IDS. This facility presents a strong opportunity for individuals to specialize in a wide range of enterprise level financial software. The collaboration among our US, UK, and Asia Pacific product managers will enable IDS to capitalize on a variety of technology capabilities and resources. We also are confident that our commitment will allow IDS to attract the best and brightest minds and exciting new partners as we continue on the path for global growth and success.

About International Decision Systems
International Decision Systems (IDS) is the global leader in developing commercial finance accounting and portfolio management software and services. Headquartered in Minneapolis, Minnesota, IDS also has offices in Bangalore, London, Sydney, and Singapore. IDS offers the largest and most experienced global product development, consulting, implementation, and technical support teams in the equipment financing industry. For additional information about International Decision Systems, visit www.idsgrp.com.

Media Contacts:
Jody Hinkle, IDS Public Relations Manager, 612-851-3436, jhinkle@idsgrp.com

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Additional Contacts:
Srikanth Sundararajan, Executive Vice President

 

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