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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
# # #
Additional Contacts:
Srikanth Sundararajan, Executive Vice President
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