REDWOOD CITY, Calif., July 12, 2011 (GLOBE NEWSWIRE) -- Versant Corporation (Nasdaq:VSNT), an industry leader in specialized data management software, is pleased to announce that ITG Software Engineering (P) Ltd., a privately held software solutions and services company, will represent Versant's flagship product, the Versant Object Database (VOD), in India. VOD is a high performance data management system providing scalable real-time analytical performance for large, complex applications serving a wide array of industries, including telecommunications, financial services, transportation, manufacturing, and defense.
"Versant has had a presence in India since the mid 90's, at which time India's technology industry was becoming a Y2K compliance partner, then subsequently an outsourcing IT services partner, and most recently, a project implementation partner," said Robert Greene, VP Open Source Operations at Versant. "India is now undergoing its next transition as a technology innovator, serving as a place of origin for new products and projects, rather than simply being a place where they are built. Versant sees a tremendous opportunity in partnering with ITG to deliver our technology to India's new generation of innovating engineers."
ITG's mission is to establish strategic partnerships and bring innovative solutions to the Indian marketplace. ITG specializes in providing complex data management solutions, high-end telecom solutions, and Business Process Outsourcing (BPO) solutions for various industry verticals.
"Many of our entrepreneurs as well as corporate customers in India are anxiously striving for innovation in their respective industry segments by leveraging technologies to manage big and complex data," said Rakesh Gupta, the Managing Director of ITG Software Engineering in India. "We are very pleased to add Versant to our technology portfolio as we create Versant powered industry solutions to suit the unique needs and requirements of our customers in India."
Customer Quote from TATA/CRL
"We are partnering with Versant to provide scalable and robust solutions for data management in our HPC Cloud. In many computational modeling and analysis activities in the HPC context, the need for complex data management is growing, and so is the need for closer collaboration between HPC and data management solution providers," said Dr. Satyendra Rana, Vice President of Business Development at CRL India, a TATA Group company. "It is great that Versant is teaming up with ITG to provide a local distribution and support center in India which will make it that much easier for us to work with Versant technologies."
About ITG
ITG Software Engineering (P) Ltd. is a privately held software solutions and services company founded in 2003. Headquartered in India, ITG's mission is to bring innovative solutions from all over the world by establishing strategic partnerships, then making these solutions available to the Indian marketplace by adding value, a necessary requirement to make these solutions attractive and usable in India. We specialize, in particular, in providing complex data management solutions, high-end telecom solutions, and BPO solutions for various industry verticals. We deliver value to our customers by assisting them throughout the life cycle of their use of software technologies and have development competencies in areas where our customers need the most help. http://versantindia.com/
About Versant
Versant Corporation (Nasdaq:VSNT) is an industry leader in specialized data management software, which helps companies to handle complex information in environments that have high performance and high availability requirements. Using the Versant Database Engine, customers cut hardware costs, speed and simplify development, significantly reduce administration costs, and deliver products with a strong competitive edge. Versant's solutions are deployed in a wide array of industries, including telecommunications, financial services, transportation, manufacturing, and defense. With over 150,000 installations, Versant has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Siemens, and Financial Times, as well as the US Government. For more information, call 650-232-2400 or visit www.versant.com.