Mindfire Tops the Zinnov Breakout Zone Ranking in ISV R&D Segment

Bengaluru, July 26, 2012: Zinnov Management Consulting, a leading Globalization and Market Expansion Advisory firm, today ranked Mindfire, 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 a 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 R&D Service Providers in India, China, Russia and Eastern Europe lays the foundation for Mindfire's next level of growth. This definitely reaffirms the service 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 Software & IT services providers encompassing evelopment 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, Australia and Asia in the 12 years of its operations. The company has over 650 people, spread across 3 Advanced Development Centers (ADCs) in India which are equipped with ultra modern facilities, and where Mindfireans strive round the clock for achieving customer delight. For more information on Mindfire Solutions, please visit www.mindfiresolutions.com.

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 on Zinnov, please visit http://www.zinnov.com/