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"eInfochips sets up ennovate Technologies"

Ahmedabad, June 25th, 2007 : eInfochips today announced the formation of new software Business Unit, called ennovate Technologies. The new software division will leverage its domain expertise in the software technology, collaboration, healthcare and web applications to address customer needs for development, maintenance and QA & testing.

ennovate Technologies will address the complete software development cycle through its expertise on databases, application servers, user interface, web servers, client server and testing tools. This expertise will enable ennovate Technologies in addressing key IT services areas like web based application, client server applications, multi-tier architectures, knowledge management systems and enterprise applications. ennovate’s India offshore development center and testing labs will help reduce customers’ cost and time to market.

ennovate Technologies has appointed Mr. Nitin Deshpande to head the operations. Mr. Deshpande has over 18 years of experience in Information Technology encompassing business strategies, business development, software development, project management, program management and sales/marketing. Mr. Deshpande has been instrumental in starting business operations for several Indian outsourcing companies and established their outsourcing practice across Asia and USA.

“Over a period of time, we have developed strong domain expertise in software applications. Today, the trend is to trigger software development earlier in the production cycle in order to combat the chronic issue of the embedded industry, namely long gestation periods as majority of the system work is spent on developing, testing and debugging software. As eInfochips developed a strong software portfolio to meet the constant pressure to maintain competitive time-to-market, it also became evident that the division had become a strong revenue stream on its own, attracting customers specifically and purely for software solutions. It, therefore, made huge sense to spin off a division that would cater to the demand for solutions that understood the interdependence between chip design and software. Further, this not only expands our potential customer base, we will be able to capture new companies in the software domain outsourcing to India ” said Pratul Shroff, President and CEO of eInfochips Ltd. “By escalating our presence in USA we plan to win and increase our customer base and achieve 50% YOY growth.” Shroff added

About eInfochips, Inc.,

eInfochips Inc., based in Sunnyvale, CA and Ahmedabad, India, is a leading provider of ASIC design services, Embedded systems solutions and IP cores. The Company combines innovative business and development models worldwide to deliver total solutions for technology companies. eInfochips capabilities extend from Specification to Silicon to System: with domain expertise spanning ASIC/SoC Design and verification, automated verification methodologies using HVL, VC development, physical layout & implementation, firmware development, DSP hardware & algorithms and board design. eInfochips provides solutions and services to leading technology companies like Texas Instruments, ATI, Synopsys, Rambus, Cypress Semiconductor and Navionics. For more information, visit www.einfochips.com

About ennovate Technologies

ennovate Technologies is the Software Division of eInfochips Ltd, a leading Electronic Design Services company with its corporate headquarters in Ahmedabad, India and offices in Sunnyvale, CA, Austin, Chicago and Japan. ennovate Technologies offers Development, Maintenance and Testing services to worldwide customers. The company's India and US design centers have delivered solutions across the complete software life cycle to a variety of customers thus increasing their cost-effectiveness, reducing their time-to-market and growing their market strength.

The division’s capabilities extend the complete software development life cycle ranging architecture & development, product testing, release and implementation and migration & maintenance. eInfochips has high quality processes, skills & expertise on variety of platforms that enables in delivering application in time and budget. For more information, visit www.ennovatetech.com

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