At a time when US enterprise software firms are facing challenging times thanks to a "Perfect Storm" created by the rise of Open Source software and the Software as a Service (SaaS) model, Indian software product firms have a window of opportunity to make a significant mark on the global landscape.
In this context, the Indian software industry association Nasscom's recent efforts to encourage Indian software product companies is well timed. Nasscom has just published its first "Innovation Shortlist" of companies featuring profiles of IT companies that "have distinguished themselves as imaginative thinkers, product developers and service providers". The list includes Subex Systems Limited, Bangalore Softsell Ltd., CG-Smith Software Private Limited, Skelta Software and Encore Software Limited. Click Here to view their profiles.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.