NewswireToday - /newswire/ - Pune, Maharashtra, India, 08/11/2008 - e-Zest has completed its eight years of incorporation on August 8, with dozens of new clients, impressive growth figures and addition of new services and territories to its portfolio during 8th year.
       
e-Zest, an outsourced software product development company, has entered 9th year of its incorporation on a very special date. On 8th August 2000 e-Zest started its business as a Pvt. Ltd. company with three founder members (Devendra Deshmukh, Amol Pande & Ashish Gupta) and hasn’t seen back since then. Year on year growing at an impressive rate it has reached today to considerable size of 150 people organization specialized in providing niche global software product engineering services to ISVs.

Against the backdrop of US slowdown, e-Zest has managed to keep growth momentum by adding newer services to its portfolio like social application development, SaaS enablement/transition consulting and implementation. It has responded forthwith to the call of Web 2.0 demands by offering Enterprise 2.0, SaaS and SOA based application development services. e-Zest has also brought European region to its radar a year before and will continue to focus on this territory.

e-Zest’s sales is moving upwards, both through existing and new clients. e-Zest has made no changes to its strategic growth plans and confident of achieving them as per timeline. e-Zest is moving ahead with its plans to expand in domestic market as well. e-Zest has always concentrated on building deep domain capabilities towards vertical growth.

Last year’s highlights includes setting up of O2Mania – Green movement initiative by e-Zest team members, partnership with Environment Group ‘Alert’ based in Pune, acquisition of major clients in e-Learning, Healthcare, Legal, Human Capital Management domains. e-Zest also ventured into LPO business through a joint venture with its existing customer.

e-Zest celebrated its anniversary at hotel on beautiful sea-shore of Konkan. It was a jam packed celebration featuring fun games, water sports, ad mad show and individual team member performances.

On the occasion of e-Zest foundation day, the directors and key members expressed their feelings and shared some wonderful moments about their experiences at e-Zest.

Devendra Deshmukh said expressing deep gratitude, “Our people are our asset. We believe our assets go down elevator every evening. I am happy to have all our team members working relentlessly for achieving client delight and ultimately for the progress of company.”

Amol Pande credited the success of e-Zest to its customer centric approach through process driven development, high level business professionalism, family work environment, and open & transparent organizational culture. All these factors along with quality selection procedures has helped e-Zest managing its attrition rate lower than industry.

Ashish Gupta explained e-Zest CMMI assessment plan for CMMI-level 3. “CMMI-Level 3 assessment is scheduled for Early 2009. Also, with more certified IT professionals hiring, e-Zest is expected to double its team size by the end of next year.”

e-Zest is confident about the 9th year of operations and is strongly poised for growth. e-Zest is committed to offer best workplace to team members and delight to all customers.

It is a pleasure for every employee of any company to see his institution growing. Every team member at e-Zest was having proud feeling on 08-08-08 when company set its foot in 9th year of its operation.

Company had decided to celebrate this occasion out station near beautiful beaches of Konkan opening right in the Great Arabian Sea. There could not be a better place to celebrate its 8th anniversary of prosperity, bonding and customer delight.

Team members enjoyed their travel to Dapoli in two full packed luxury buses and rope way experience of Raigad. While Dapoli connects land mass and a great water reservoir, the great Raigad connects present with glorious history hallmark of Chhatrapati Shivaji era.

The two day celebration function was full of fun games, water sports, ad mad shows, individual performances from team members, foundation day function and rides through green valleys.

look forward to celebrate many more such anniversaries here in e-Zest being part of it.

Everest Research Institute released the first issue of Market Vista “Global Sourcing—Market Vista Q1 2008” , which is a robust quarterly report on global outsourcing, offshoring activity, and trend insights. The quarterly Market Vista report provides data and analysis across multiple dimensions, including deal trends in the outsourcing, offshoring market, captive model analysis including new center announcements, expansion and divesture, current and emerging location analysis including risks and opportunities, etc.

In this report, India has emerged as the most matured location for offshored IT and BPO services, though this dominance might be chipping away given the rising costs.  The cost inflation in Indian cities is exceeding the 2007 levels and this has increased the risk of labor arbitrage closing very rapidly.

Report further says, India, Philippines and Eastern European countries such as the Czech Republic and Romania have experienced substantial offshore activity. New locations are emerging as potential offshore options such as Thailand, El Salvador, Paraguay, Uruguay, Honduras and the Dominican Republic. The appreciation of the Brazilian Real is likely to reduce Brazil's cost arbitrage from about 35 to 25 percent. Wage inflation in Argentina is likely to spike due to the increase of minimum wages by 10 percent in Q4 2007. In some Central American cities, particularly Monterrey, increase in player activity has fueled concerns around labor pool pressures in the medium term.

Overall India still able to managed its leadership position due to matured outsourcing processes, bandwidth of quality talent, adoption of industry best practices & English language advantage. To maintain this lead, Indian IT & BPO industry need to work on future talent availability, leadership development, increasing productivity, agile processes adoption & effective cost containment.

During recent Microsoft Worldwide Partner Conference 2008, Microsoft released details about its SaaS initiative & its comments about SaaS adoption by ISVs.

Microsoft has established 'Microsoft Software + Services Incubation Center Program'  through which ISVs are guided through a structured series of business and architectural consulting sessions with the support of an established hosting provider to help ensure their business models and applications are ready to address the challenges of SaaS based delivery.  This program now includes 20 incubation centers worldwide with 10 in Europe, eight in North America, and two in Asia. More than 550 independent software vendors have enrolled since its launch in 2006.

John Zanni, general manager of worldwide hosting at Microsoft, said: "Microsoft realizes that the evolution of the software industry will reach far beyond just bringing software to the browser. Partnerships are critical for ISVs to be successful in the new world of software plus services. The program builds an integrated ecosystem to help ISVs deploy service-based applications. Now through the tremendous success of this program, there is no doubt that building an integrated ecosystem plays an integral role in helping ISVs deploy service-based applications"

Considering elevated initiatives from company like Microsoft, SaaS transition by ISVs looks more promising.

Today while a post by Phil Wainewright who is very well known technology writer at ZDNet I came across a very convincing definition of Web 3.0. According to him Web 3.0 is technology that brings Web 2.0 and on-demand applications into the enterprise.

Enterprise Mashups is helping world achieve Web 3.0 objective. Some call it composite web application. These mashups will help combine information from enterprise search engines, web services, messaging systems, business intelligence engines and data integration solutions and combine that information from external services from all stakeholders, partners and suppliers and emerging external data sources to deliver the information at one place.

The open Web services and SOAs philosophy for application development is lowering the integration impedances and now applications are able to readily combine all web services into rich new applications. This can be a precursor for the long-awaited arrival of true software reuse.

The development language would not be as important as architecture and future thinking for development of such web applications. The key is to create virtual humanized web applications that will talk, hear and share with each other to provide true electronic communication across the supply chain. The flow towards Web 3.0 development will soon increase.