IPsoft President and CEO Chetan Dube Named Ernst & Young Entrepreneur Of The Year® 2011 New York Award Winner

NEW YORK, June 15, 2011 /PRNewswire/ -- IPsoft Incorporated today announced that IPsoft President and CEO Chetan Dube received the Ernst & Young Entrepreneur Of The Year® 2011 New York Award. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Dube was selected by an independent panel of judges, and the award was presented at a gala event honoring outstanding entrepreneurs on June 8 at the Marriott Marquis. Carmine Romano, Ernst & Young LLP Entrepreneur Of The Year New York Program Director, said, "These business leaders have accomplished so much and contributed a tremendous amount to the community. They give us hope for what the next 25 years of entrepreneurs will bring."

(Photo: http://photos.prnewswire.com/prnh/20110615/NY20720 )

In his acceptance speech, Dube thanked the IPsoft team for its relentless drive to innovate and excel. "We feel honored to be so recognized, but I feel this award belongs more to the brilliant and slightly insane men and women of IPsoft who live, eat and breathe the dream of changing the way infrastructure will be managed tomorrow," he said. Dube also thanked Alan Turing, the computer scientist who first dreamed of a world in which machine intelligence would rival human intelligence.

IPsoft leverages autonomic engines to provide IT infrastructure management services. About 56 percent of all client problems are resolved without human intervention. The idea is to automate the mundane chores and allow engineers to focus on higher-level tasks and innovation.

The Ernst & Young Entrepreneur Of The Year Awards Program celebrates its 25th anniversary this year. Past award winners have included Howard Schultz of Starbucks Coffee Company, Pierre Omidyar of eBay, Inc., Tom Adams of Rosetta Stone Inc., Matt Szulik of Red Hat, Inc., and last year's national winner, Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and BGC Capital Partners, Inc.

About Ernst & Young Entrepreneur Of The Year®

Ernst & Young Entrepreneur Of The Year® is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.

About IPsoft

IPsoft is a global managed services company providing autonomic IT services to corporations worldwide. Last decade saw the value proposition of IT outsourcing being realized by replacing labor by cheaper labor. The future decades will belong to replacing labor with expert systems. IPsoft is in the business of powering IT solutions through expert systems. The company is headquartered in New York City, with offices in six countries.

SOURCE IPsoft