SOURCE: Impetus Technologies

February 26, 2007 10:00 ET

Impetus Technologies Endows Chair at Prestigious Indian Institute of Management

CUPERTINO, CA -- (MARKET WIRE) -- February 26, 2007 -- Impetus Technologies, Inc. (, a pioneer in outsourced software product design and development services (OPD) for Independent Software Vendors, today announced that it endowed a Chair of Information Technology and Systems at the prestigious Indian Institute of Management, Indore (IIMI).

The Chair will provide a collaborative framework for performing applied research, industry practices analysis, sharing knowledge and conducting specific projects of mutual benefit. This association will provide avenues for adequate grooming of the next tier of mid-level leadership and management bandwidth for Impetus, and at the same time allow IIMI students to gain valuable industry perspective. For further details, please visit

Addressing the gathering Dr. S.P. Parashar, Director, IIM Indore, said, "We hope that this relationship will help in facilitating better academia-industry alliance through collaborative research and analysis, conferences, workshops, courses and other joint meetings of mutual interest. This association is expected to bring synergies at multiple levels, benefiting the students at IIMI and their alumni at one end, and having a direct impact on the knowledge, resources and organizational exposure of the Impetus employees at the other end. Such a coming together of eminent entities sets a significant precedent and is a harbinger of the benefits that accrue to the stakeholders and the community at large."

Speaking on the occasion, Mr. Praveen Kankariya said, "The coming together of IIM Indore and Impetus will bring immense value to all the stakeholders, and even to the community at large. Impetus employees will also be benefited through targeted management programs. Additionally, the engineering talent at Impetus combined with the management knowledge of the IIM faculty and students will present a unique and exciting synergy of interesting thoughts and ideas. We are very happy to partner with the IIM Indore fraternity."

About IIMI

Indian Institute of Management Indore -- the youngest sibling in the family of IIMs -- has progressed rapidly since its inception ten years ago. The essence of management, IIMI believes, lies in managing one's own ambitions and forging ahead consciously. IIM Indore boasts a solid infrastructure ranging from a 193-acre campus to a strong IT backbone to the latest teaching aids. For more information visit:

About Impetus

Headquartered in the heart of Silicon Valley California, Impetus Technologies has offices in Cupertino, Atlanta, Noida, Indore, and Hyderabad with access to a huge and varied pool of engineering talent. Impetus has been involved in hundreds of product launches over a decade-long association with best-of-breed companies in leading-edge industries.

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