Aithent opens its new software R&D facility in Canada

Ontario - 5 November 2007

Aithent Technologies, a leading global Consulting and IT services firm recently announced the inauguration of its new strategic R&D facility in Ontario. The super specialty center would cater to the ever rising demand for complex, seamless, cost effective, mission critical IT solutions in the BFSI domain. With this new facility, the firm will strengthen its Consulting and IT services arm while continuing to develop its regulatory compliance & fraud investigation portfolio for the banking, Insurance and financial sectors. The facility is located right across Terminal 3 of the Toronto Pearson Airport and will take the lead role in advancing Aithent’s global goal of simplifying IT management for both the private and government sectors.

Speaking on the occasion and emphasizing on the strategic importance of Canadian operations in the overall growth of Aithent, N Venu Gopal, the Chairman and Global CEO of the Aithent Group said “The Toronto center is focused towards providing continuous value creation through innovative solutions for our customers. Moreover, we have observed that financial, healthcare, insurance market is still underserved in terms of regulatory compliance and case management software. Our new R&D center here would augment our capability to provide cutting edge technology solutions to companies in these sectors to meet these challenges, effectively & efficiently”.

Speaking on the occasion, Nabarun Chaudhuri, President Aithent Canada said “Toronto has a rich history in Banking & Finance services and is a suitable location to serve the BFSI market in North America. The new center is reflective of our commitment to Canada as well as the US. Moreover, our facility is geared to resolve some of the most fundamental issues at the heart of an engagement – delivery quality, maintaining flexibility, and communication”.

The Toronto based center complements Aithents’ centers in India. Aithent came to Canada in 2001. It currently works with range of clients in both government and private sectors in US and Canada.

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