CUMMING, Ga., April 25, 2016 /PRNewswire/ -- Universal Semiconductors, Inc. (USI), established in 1978 and having operations in USA and India, has entered into a strategic engagement with Edvenswa Tech to transform itself into a new-age digital enterprise. This transformation will be led by Universal Software Services, Inc. (USS Inc), a 100% subsidiary of USI, which shall work closely with Edvenswa to develop a new IT services portfolio. The new entity shall initially focus on USI's existing customers in HiTech space by leveraging its access to Edvenswa's highly skilled Software Engineers in specialized areas. Edvenswa's highly mature Software Development standards and practices shall enable USS Inc. to lay a strong foundation and sustain an accelerated growth path. From the partnership, USS Inc. shall also have the added advantage of differentiating itself from several mid-sized IT service providers by inheriting "Startup like approach" as well as its strengths in delivering complex and innovative business solutions to its customers in an agile fashion using its highly scalable proprietary frameworks built on proven cutting-edge technologies.
"Edvenswa will manage the e-business transformation of USI through our newly formed IT Services arm by setting up a SaaS-based platform that our customers can take advantage of by reducing their capex. The implementation of the entire set of next generation services is going to be handled by the seasoned team of Edvenswa and we are very excited about the prospects of our partnership," Vic Hejmadi, the Chairman of USI said in a statement.
"We are very pleased that USI has selected Edvenswa as its strategic partner. This provides Edvenswa with a great opportunity to demonstrate its capabilities. We have been investing significantly in expanding our operations and acquiring talent in the USA, and will bring our best capabilities to bear on this engagement," said Krishna Murthy Uppuluri, Managing Director of Edvenswa.
Edvenswa Tech has established its base in the Bay Area which is known as the world's capital of Startups and has worked with dozens of startup companies in the past 4 years to provide advanced engineering services starting right from the ideation stage. Edvenswa specializes in rapid application development using advanced prototyping techniques, building the proof of concepts, supporting pilots, fund-raising and go to market strategy. Edvenswa is also in the process of building its own state-of-the-art incubation facility in Hyderabad and in Bangalore using USI's Indian subsidiary's premises.
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SOURCE Edvenswa Tech