Logica, a leading business and technology service company, today announced that ConnectM Technology Solutions Pvt. Ltd., an end–to-end solutions provider for the energy, transportation, utilities, industrial and enterprise markets, is the winner of the Global Innovation Venture Partner (GIVP) Programme in India.
The winning initiative ‘Energy Management Solution’ by ConnectM – is a solution that ensures savings in energy bills for commercial buildings and telecom cell sites. The solution delivers savings of up to 10% in electricity bills, significant savings in fuel consumption, and overall optimisation of energy operations. The solution effectively leverages wireless technology for retrofit solutions, provides for energy management services remotely comprising of comprehensive analytics reports for enhanced decision making.
ConnectM received its award from Abhay Gupte, CEO, Logica in India and GBS Bindra, Global Innovation Director, Logica. Congratulating Connect M, Abhay Gupte said, “The IT industry is extremely dynamic and innovation plays an important role. Innovation is a core value at Logica and we are delighted to be able to collaborate with ConnectM. Their energy management solution has a practical approach which has the potential to make a significant impact through usage and we look forward to working with them.”
ConnectM, a Sasken & IDG Ventures Company will compete with eight other country winners, and will present before a global panel for its chances to win the Global Winner position. The global winner will be announced on May 17th 2010 during an Analyst event in Stockholm.
Mr. Murali Ramalingam, Managing Director, ConnectM said, “The GIVP Programme is an encouraging platform for companies to showcase their innovative ideas at a global level. We are pleased to collaborate with Logica on innovation for the customer. We are extremely pleased to have won the India part of the programme.”
Now in its third year, the GIVP Programme is a successfully running programme. This year, in India alone, the programme received 120 nominations of which six were shortlisted by the panel. The shortlisted companies underwent a rigorous evaluation by the panel to finally arrive at the India winner. The programme is hosted in nine countries- UK, France, Netherlands, Sweden, Finland, Denmark, Portugal, US and India after which the global winner is announced.
