Mindfire Tops Zinnov ISV Breakout Zone Ranking

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Mindfire Tops Zinnov ISV Breakout Zone Ranking

PR Newswire BANGALORE, India, July 27, 2012

BANGALORE, India,July 27, 2012/PRNewswire/ -- Mindfire Solutions, global IT Services provider to SMB customers worldwide, has topped the Zinnov Breakout Zone (ISV category) in the 'Global R&D Service Provider 2012 Ratings' - the leading Globalization Advisory firm announced in its report, and is "on its way into the big league".

Zinnov Management Consulting, a leading Globalization and Market Expansion Advisory firm, ranked Mindfire Solutions (www.mindfiresolutions.com), global IT Services provider to SMB customers worldwide, as the leader in the "Zinnov Breakout Zone" based on scalability of business model and operations in its Global R&D Service Provider 2012 rankings. This makes 2012 the second year in a row when Mindfire features in the prestigious Zinnov Global Service provider rankings. Strong R&D support, sponsoring its people to International and national technical conferences and training programs, superior quality focus and an upward spiraling innovation curve has contributed to the company's advantage compared to its peers. "This year, Mindfire Solutions has been ranked topmost compared to its peers in the Breakout zone of our "Zinnov Zones" based on parameters of innovation, business operations scalability and stability. Mindfire's technical certification drive benchmarks its people with the industry's best and boosts the quality of software delivery. Mindfire is aptly positioned to serve the needs of SMBs and sure looks promising in its efforts of improving the customer experience. Mindfire Solutions is on the way into the big league because of its Innovation frameworks resulting in tangible benefit to ISV customers worldwide," said Pari Natarajan, CEO, Zinnov Management Consulting Pvt. Ltd. This year, Zinnov also introduces the first-ever framework for classifying the Service Providers based on their capabilities (Specialization, Scale, R&D Practice Maturity, Innovation & IP, Eco-System Linkages)and vertical coverage. The framework provides a dashboard view of the service providers across four quadrants Established, Emerging, Niche and Expansive. This is a unique representation because, it brings to light some of the niche service providers who otherwise typically get buried in the headcount / revenue based ratings. Mindfire was grouped into "Emerging Niche" segment along with its bigger

peers -Virtusa, Bluestar and Syntel. "We have already taken a quantum leap towards growth and towards empowering people by exposing them to an environment where high performance is rewarded. This second-in-a-row rating by Zinnov is recognition of our growth story. We are delighted with the Zinnov rankings and would like to thank our customers whose unwavering faith in our capabilities propels us to newer heights and would like to congratulate each Mindfirean for their passion and dedication without which we would not be where we are today," said Chinmoy Panda, CEO, Mindfire Solutions. Inclusion in Zinnov's comprehensive rating and analysis for the top ISV R&D Service Providers inIndia,China,RussiaandEastern Europelays the foundation for Mindfire's next level of growth. This definitely reaffirms the Indian IT services provider's commitment to quality and customer delight and also acknowledges Mindfire's efforts in spearheading global engineering initiatives.

About Mindfire Solutions:

Mindfire Solutions is amongst the leading providers of Software & IT services encompassing envelopment and delivery of complex projects for enhancing business growth of its customers. Mindfire has added value to more than 200 clients in US,Europe,Africa,AustraliaandAsiain the 12 years of its operations. The company has over 650 people, spread across 3 Advanced Development Centers (ADCs) inIndiawhich are equipped with ultra modern facilities, and where Mindfireans strive round the clock for achieving customer delight. For more information on Mindfire's Offshore Software development practices, please visit the website.

About Zinnov:

Founded in 2002, Zinnov - meaning Zeal in Innovation - is a leading management consulting company providing advisory services in the area of Global Sourcing, Emerging Markets Expansion and Human Capital Optimization to Fortune 1000 and reputed SMB companies. For more information please visit Zinnov website. Press contact: Subhendu Pattnaik Sr Marketing Manager Mindfire Solutions T: [phone] E: [e-mail]