HYSEA to participate in the NASSCOM Product Conclave & Expo 2009

Hyderabad|India|October'2009: Hyderabad Software Exporters Association (HYSEA) along with some of its member companies are participating in the 2 day NASSCOM Product Conclave starting at The Lalit Ashok, Bangalore. HYSEA is joined by a delegation from Andhra Pradesh; consisting of 8 startup product companies from the state to showcase the intense product development and IP creation activities underway at Hyderabad and elsewhere in the state.

HYSEA is participating in the conclave in collaboration with the Government of Andhra Pradesh to highlight the large number of product companies in Hyderabad and actively promote AP as an ideal location for software product companies- both domestic and multi-national. The movement in AP is now also accelerated by the spurt in new startups mushrooming in the incubation centers in the universities like IIIT-H and also independently, encouraged by the abundant talent pool, lower cost model and access to research institutions and other product companies.

Speaking on the occasion, Mr. Narsimha Rao, President HYSEA said, “In Hyderabad, the software products space has seen increased activity in the past few years- in part fuelled by the presence of a large number of MNC software majors including Microsoft, Oracle, CA, Baan, Cordys, IBM and many more. This is a great opportunity for us to highlight the product capabilities and innovation done by various companies and startups here in AP at a national platform and we would like to thank the Government of AP for their immense support in this initiative.”

HYSEA has already initiated a new wave of growth in the AP Software industry, targeting IP, Innovation and Software product companies by launching a directory, listing about 250 companies in Hyderabad that are already engaged in building Software Products.

The state has distinctive strengths in the combination of the industry presence, research institutions, large talent pool, highly motivated innovators, good support, mentoring eco-system and more such enablers which fuel the growth of Software Product Development here. The NASSCOM Conclave is an opportunity and platform that will help draw the attention of all the stake holders to this aspect of the industry in AP and seek investments from MNC Product companies to setup captive R&D units, India sales operations as well as will encourage Domestic ISVs to start development centers in Hyderabad and most importantly will attract new startups.