Business Description:Banks worldwide are sitting on a mountain of data following the implementation of Core Banking systems. Money is being spent managing the data burden, but no profit generating information is being created in the process thereby creating a case for BI.
While BI tools are mature, there are very few solutions which provide "value for money" due to the lack of understanding of the business among BI tools vendors. i-Create bridges this need in the market by providing pre-packaged BI banking industry specific solutions.
i-Create provides a one-stop shop providing all the solutions and related services for a BI implementation that provides the fastest ROI for Global Banks.
i-Create is currently active in the Middle East, South Africa and South East Europe.
Industry:IT/ Internet/ Software
Founded in:2006
Source of idea:Systematic search for business opportunity
Significant Competitors:Business Objects, Cognos, Local System Integrators/Software houses
Company Details :
Company Name:i-Create Software
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):6-15
No of Employees (2007):26-50
Office Locations(2006):2-5
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):
Profits (2007):16-50 lacs
>Partnerships:None. The current strategy is to sell directly to the target customers. Following successful implementations of the solutions and putting in place a strong scaling plan, i-Create plans to enter into partnerships with IT services companies active in the Banking domain.
Initial Funding:Family & friends
Addl Funding:Family & friends
Institutitional Capital:No
Revneue Model:i-Create sells prepackaged BI solutions and related solutions directly to global Banks
Awards & honors:None - i-Create is currently in Pilot/stealth mode in order to launch the full suite solutions following the successful implementations in current customer locations.
Promoters Details :
Promoters Name(s):Anup Pai
Age:34
HomeTown:Udupi
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Principal Consultant at Financial Network Services
Ex-Job Description:Consulting
Favorite Book/Movie:"Book - The Lexus and the Olive tree
