Released on: May 15, 2008, 4:53 am

Press Release Author: Mindlogicx

Industry: Education

Press Release Summary: Getting right talent with skills that the industry requires
is a big challenge. Bridging the skill gap and also assisting students to enhance
their employability quotient is the need of the hour.

Mindlogicx Infotech Ltd, an R & D based technology company pioneering end-to-end
virtual knowledge management and delivery solutions, is attempting to precisely do
this. As part of this attempt Mindlogicx today announced the launch of its
'Knowledge Network Services' (K.Net) platform to deliver knowledge resources
anywhere-anytime on a 24/7 basis globally. The K.Net platform is established to
create the global knowledge repository to seamlessly capture, organise, store,
access, disseminate and reuse the explicit as well as tacit knowledge and deliver it
at the desk top of the user.



Press Release Body: Bangalore, May 15, 2008: Mindlogicx Infotech Ltd, an R & D based
technology company pioneering end-to-end virtual knowledge management and delivery
solutions, today announced the launch of its 'Knowledge Network Services' (K.Net)
platform to deliver knowledge resources anywhere-anytime on a 24/7 basis globally.
The K.Net platform is established to create the global knowledge repository to
seamlessly capture, organise, store, access, disseminate and reuse the explicit as
well as tacit knowledge and deliver it at the desk top of the user.
The purpose of K.Net is to deliver online reskilling & upskilling programs for fresh
university & college pass outs as well as working professionals and create a "level
playing field" for all in rural, urban & metropolitan cities thus empowering them.
K.Net is powered by 'VEDAS' (Virtual Education Delivery and Assessment System), the
proprietary intelligent software suite of Mindlogicx and offered as managed
application service. By harnessing the power of business intelligence, VEDAS offers
comprehensive solutions to users for real time performance monitoring and
forecasting through tools such as learning path, speed analysis, time analysis, rank
projections, dash boards, closed user group facility and review panels.
Mindlogicx has conceptualised 'Educards' to connect the end users with VEDAS.
'Educards' are tailor-made cards that have a 16 digit knowledge access code (KAC)
which allows the user to enter into the full service knowledge mall of K.Net. The
Educards will be made available for Entrance & Competitive examination preparation,
Recruitment Test Preparation and Reskilling & Upskilling. These Educards will assist
the students to enhance their employability quotient.
Suresh Elangovan, Managing Director & CEO, Mindlogicx, said, "We are guided by the
vision of National Knowledge Commission and aspire to build excellence in the
educational system for meeting the knowledge challenges of the 21st century.
Mindlogicx through K.Net aims to improve skill sets of students passing out of
colleges across various streams and make them industry ready for employment. Also,
K.Net through its reskilling and upskilling modules would pave way for using
knowledge to leverage new economic opportunities by filling the skill gap."

Further, he said, "Mindlogicx has drawn an ambitious blue print to reach its target
audience in the age group of 15 to 35 across the country. We have already appointed
channel partners across the country. In the next few months this network will be
consolidated and we would penetrate other regions in order to have a larger
footprint."
About Mindlogicx Infotech:
Mindlogicx Infotech Ltd, an R & D based technology development company, straddles
products and services verticals in knowledge management space. The company operates
with two key portfolio differentiators viz., Edulogicx and Bizlogicx catering to
education and business space respectively with the common objective of powering
competency. It also undertakes large turnkey projects of setting up virtual
learning framework and its service offerings include IT consulting, contract R & D,
enterprise application integration and e-business applications. The company has
developed the world's first integrated technology platform known as "VEDAS" that
powers its solutions and services including MindSpace (virtual university solution),
IntelliEXAMS (Examination Management System for universities), Knowledge Assessment
Platform (KAP) for corporate skills assessments and K.Net for test preparation
services for students aspiring to get into professional colleges.

Mindlogicx which clocked revenues of US $ 4 million in FY 2008 expects to post
around US $ 12 million during FY 2009. The company has been recognised by Dun &
Bradstreet as one of the top IT companies of India in 2007 & 2008 and also
identified as one among the "Top 15 Exciting & Emerging Companies to work for" by
NASSCOM. It has been a Red Herring Asia finalist in 2007 and recognised one among
the top 200 emerging technology companies in Asia for disruptive technology
development.
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Web Site: http://www.mindlogicx.com

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