PARC and Zinnov Partner to Help Indian Companies Innovate

BANGALORE, India, June 22, 2016 /PRNewswire/ --

PARC, A Xerox company, and Zinnov LLC today announced that they have signed a Memorandum of Understanding (MOU), formalizing a comprehensive partnership to better serve and provide joint expertise to forward-looking Indian companies, and to leverage Silicon Valley's innovative research and development environment to create new technologies. PARC has more than four decades of experience in creating breakthrough technologies and Zinnov - a global technology and management consulting firm - has been a leading force in helping clients in new product research, driving innovation, and increasing revenue by leveraging global talent.

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Zinnov and PARC recognize that significant synergies could be realized by creating a strategic partnership to combine PARC's R&D capabilities with Zinnov's consulting and research capabilities. PARC has pioneered many technology platforms - from the Ethernet and laser printing to the GUI and ubiquitous computing - and has enabled the creation of many industries. Coupled with Zinnov's leading consulting and market research services clients will have access to best in class solutions and become truly innovative.

"India's emergence as global economic powerhouse coupled with key government initiatives like the Smart Cities, Digital India, and Make in India make India a hotbed of opportunities, we are excited about working with PARC to expand our reach in the region by providing direct access to Silicon Valley technology frontier," said Pari Natarajan, CEO, Zinnov.   

"Our partnership joins Zinnov's knowledge, talent and understanding of specific markets with PARC's deep technology innovation expertise," said Stephen Hoover, PARC CEO. "We're excited to work together to help Indian companies innovate disruptive technologies for digital manufacturing, smart infrastructure, data analytics, and security for various markets including industrial manufacturing, energy, transportation, and financial services."

About Zinnov

Founded in 2002, Zinnov is headquartered out of Bangalore with presence in Houston, Silicon Valley, and Gurgaon. In over a decade, Zinnov has built in-depth expertise in engineering and digital practice areas. Zinnov assists clients in building their digital engineering strategy and globalizing their operations by:

- Effectively leveraging global resources for engineering, IT, digital and business ops for higher throughput - innovation, and productivity

- Enabling companies to focus on new product development and core business processes by finding suitable partners

- Growing revenue for their products and services in India and other emerging markets

For more information, please visit: http://zinnov.com/

About PARC

PARC, A Xerox Company, is in the Business of Breakthroughs®. Practicing open innovation, we provide custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. PARC creates new business options, accelerate time to market, augment internal capabilities, and reduce risk for its clients. Incorporated as an independent, wholly owned subsidiary of Xerox in 2002, PARC today continues the research that enables breakthroughs for our clients' businesses. To learn more about PARC, visit http://www.parc.com or contact [email protected].

For any further media queries, please contact:

Kinjal Chhetri Panwar, [email protected] , +91-8197140140, PR, Zinnov Management Consulting