Pellucid Wins The Microsoft Most Promising Start Up Company

Online, February 21, 2011 (Newswire.com) - TechSpark, an online flatform for start-ups and is a result of the collaboration between Microsoft India and Canaan Partners, a venture capital firm, hold the competition between 240 worthy and capable competitors. This is the Indian biggest technology product start-up competition established by TechSparks,. Finally, five Indian companies in different sectors: banking intelligence, online security, sports, tele-diagnostics and high-definition video communication. Although this award does not give a guarantee of funding, it provides a visibility, especially from large and important firm in IT world like Microsoft.

"We are always on a lookout for the right set of companies. Our product teams can look at them for buyouts. Events like these give us an opportunity to at least evaluate some," said Girish Joshi, technical adviser at Microsoft India.

This is an award brings valuable opportunity for start-up companies in the IT market. "For a company like ours, which is into the very sensitive space of offering anti-piracy solutions, it is very difficult to have people opening their doors to us," said Rakesh Thatha, co-founder of ArrayShield, which makes a card to help prevent the misuse of passwords online. In the side of investors, the event offers an opportunity to tap into a rather niche market in India, where the emphasis is mostly on services firms rather than technology products. "We are very excited about this space. More and more mid-sized corporate companies are opening (up) to enterprise software," said Shailendra Singh, managing director of Sequoia Capital India, a VC firm.
Pellucid Networks Pvt. Ltd, one of the five winners of this award, provide a professional and work network for radiologist, designed change the way radiologists share & collaborate with each other; diagnose & work with Medical organizations. This product is called RadLive. With innovative and hard-working personnel, Pellucid Networks has devoted their best into this product, it likes their spiritual child. Furthermore, they also compromise to bring into market more useful products to serve life better by their unstopped attempt.

To know more about Pellucid Networks, please contact [email protected]