In the News/Media

Singapore/Mysore– 02 September 2014 – Conexxion Tech announced today it has been short-listed for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures in Asia. The short-listed companies are asked to present their winning strategies at the Red Herring Asia Forum in Manila, Sept. 14 to 16, 2015 - the final stage of the Top 100 competition. The Top 100 winners will be announced during a special award ceremony the evening of Sept. 16, after the final score is handed out by the judges, thus concluding the three-day event.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across the continent. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of company track records and standings, which allows Red Herring to see past the “buzz” and make the list a valuable tool for discovering and advocating for the best business opportunities in the industry.

“We are very happy and honoured to be shortlisted for the prestigious 2015 RED HERRING TOP 100 Asia Award” said Ramkumar Sarma, CEO of Conexxion Tech.

"Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2015 has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. Conexxion Tech shows great promise and therefore deserves to be among the short-listed companies. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2015 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology.”

The four walls of an office don't guarantee great ideas or successful product/solution building. Sometimes it's necessary to break the wall of mediocrity and go beyond the parameters to reach a new creative height. The certitude is that the most productive sessions generally take place off-site at a relaxed milieu, where people feel liberated and hassle-free to speak up. One such tradition is spurred in this 2014 born telecom networking company, Conexxion Tech Pte Ltd. - where innovative brain storming session befalls during the team outing in the midst of solitudes. Such out-of-the-box convention acts as an icebreaker in getting the creative juices flowing. For Connexion, a great brainstorming session captures all brilliant and freewheeling ideas which trigger the company's revenues.

The young startup have carved a niche of its own and is an emerging player in the telecom network business whose main aim is to support and grow with leaders in the industry. Through its unique top notch process and delivery models, the company offers services like Management and Business Consulting, IT Consulting, Bespoke Application Development, Training and Telecom. With a team of experienced professionals who have technology and innovation ingrained in their DNA, its skilled talent pool provides the right mix of strategic IT consultancy services and technology skills to ensure timely delivery of services. Having holistic approach in creating optimal value for their clients, the team at Conexxion has successfully brought together the best of technology and human resources.

The Employee Friendly Policies

The organization was incepted by Ramkumar Sarma, who attributes its success to his employees. "Our core values and philosophy are our employees. Whatever our profit is, it is because of our people, hence for us, our people are the most important force. We want our employees to be happy as it is the road to productivity," says Ramkumar Sarma, CEO, Conexxion Tech Pte Ltd. Built on the core pillars of nurturing a supportive environment, what started with 3 people today serves as a sweet home to its 200+ employees. Having a culture that fosters hard work and personal growth, Conexxion has rejuvenated the work environment with fun via its media room and game rooms.

"Organizations should have a workplace where employees don't dread to go every day. Infact, they should look forward to going to their jobs," adds Ramkumar. As culture sustains employee enthusiasm, keeping employees happy with their careers should be a major priority for every employer. Thereby, Conexxion has established itself as a preferred work place for its workforce through its employee-friendly policies. The work-culture vested in the organization is all about flexibility and equality, which in return alleviates the work related stress and ensures a stable work and personal life of its associates.

Unlike the rest of the peers, Conexxion has created a safe and healthy work environment for not just female but male employees as well. With a box filled of happy fortunes, except the Team Leads, the organization's entire back office is run by freshers. The HR of the company has instigated such woman safety norms which has shown tremendous growth of woman employees and have attracted the best brains of the industry. With a vision to develop and support a global standard in providing comprehensive customized IT solutions, the firm will be soon having the soft launch of its banking product at a Global Exhibition in Delhi.

Undeniably, automation has been considered as the new-age talisman, especially for the financial connoisseurs. From pens and books to software which are omnipresent today, banks are witnessing their dreams of cutting costs and achieving highest operational efficiencies, seizing life. But, while marquee banking names are happily following this suite of acquiring the bigger piece in the cake, many co-operative banks are still a mile behind to come under the new normal's limelight. Thus, to propel those micro-banks to relish the delights of automated banking systems and rub shoulders with the pioneers of the industry, Y-Axis - an emerging IT solutions and banking & finance products company - kicked off a concept of 360^o view revolutionary platform which is set to create a milestone in the banking industry with the name X360 Micro.

The proud venture of Conexxion Holdings, Y-Axis is a 2009 born entity which has been instrumental in proffering a perfect blend of 100 years of combined work experiences, pragmatic strategies and best minds and also has been successful in embracing over 100 customers across the continuum of banking, education and general HRMS sectors. Incepted as a banking services company, but now evolving to be a product company, Y-Axis is the outcome of the collective thoughts of experienced banking, finance and IT professionals. Spearheaded by the seasoned banker Dr. Vijesh R (Head - BFSI Vertical), the company has a track record of leaving no stone unturned in consistently providing cost effective solutions which are backed by constant research. Along with Y-Axis, Conexxion Holdins possesses the pride of another venture namely Conexxion Tech - a Singapore headquartered product development and IT solutions company, renowned for telecom consulting services, top-notch processes and delivery model.

X360 Micro- A Revolutionary Platform to Reckon On

Born to the eminent excellence of Y-Axis, X360 Micro is the brainchild of the brand X360 and is architected to upgrade the micro-finance institutions to IT along with well-established banks. Unveiled in the Global Exhibition on Services organized in Delhi, X360 Micro has already carved a niche of its own amongst 10 co-operative banks in India. Powered by well-tested and finely executed strategies, the platform stresses on making the tiresome processes of loan insurance, deposits (fixed and recurring), borrowings, insurance, daybook accounging entries, reports and year-end profit distribution that include thrift and dividend, simpler and hassle-free.

Keeping customers at the helm of its every endeavor, X360 Micro is designed to help banks and financial institutions to enable the essence of transparency, reliability, quality service, easy access, integrity, satisfaction and confidence, and in turn luring them to enhance customer bonding. The systems of the platform which run smooth on clients' pockets also trigger easy-to-manage operations by positioning users in sync with the latest advancements. "X360 Micro has a better advantage over the locally developed software. Apart from other benefits, the product goes a mile further by giving a heads up before a particular load goes delinquent," proclaims a proud Vijesh. The product is readily available in desktop versions and soon going to hit the market. BY early 2016, the company is planning to launch browser based version as a Java platform, which targests international markets of Africa & APAC and by 2017, the product will be a comprehensive suite which will own complete automated process work-flow.

X360 CBS- A Window to the Hassle-Free Loan System

The complete core-banking solution, X360 CBS is another marvel of the brand X360 which provides banks and micro-finance institutions, bliss of a comprehensive, completely integrated loan management solution that includes front-office loan origination system as well as a back-office loan administration system. Continuing the legacy of delivering unique banking products, Y-Axis is marching towards re-defining the banking industry with X360's complete core banking platforms by 2020.

Gone are the days when a teacher would call out names of each student in a class to mark their attendance during the morning roll call. Old diary based systems in academic institutions are now slowly being parted away, as education institutions need more integrated solutions that not only fix few specific pieces but solve the entire puzzle. While on other side, ensuring safety of school going children is a major botheration to parents, reasoned to their busy work life and increasing number of crimes against children. Dubai headquartered Y-Axis Technologies, realized the criticality of these simple yet precarious daily affairs and developed i-Smart School, an ERP solution to help Schools/Colleges automate their entire administrative activities as well as ensure safety of students.

Sharing one of the intricate instances of schooling, Nitin Damodaran, CSO and Member of Management Board, Y-Axis Technologies, says, "Imagine a 5 years old kid who sleeps away in the bus while coming back from school and the driver forgets to notice it. Similar situations where a child misses the bus or gets into a wrong bus and eventually ends up landing at a place alien to him/her. In absence of proper methodologies to track their locus, it could become a situation of fright for the child, parents and the school administration. A technology solution of iSMARTs' caliber is instrumental in ensuring prevention even before the need of cure arises."

The 2009 founded Y-Axis Technologies has created a niche with its all encompassing solution that covers end-to-end functions of a school, ranging from admission & enrollment, attendance, payroll, transport, hostel management, accounting & finance, and tracking the locus of children within and outside school premises. The tracking and safety feature of iSMARTs has been powered by RFID tags integrated with school ID-cards. This eliminates the need for manual attendance as well as keeps track of school students while they are commuting, through RFID readers installed in the busses. iSMARTs' active notification feature sends SMS and E-mail updates to parents about the real time location of their children.

Y-Axis Technologies also boasts of having a dedicated social interaction platform where parents, teachers and students can interact and share ideas with each other. On the same lines, iSMARTs also features digital diary which simplifies and streamlines communication between parents and school administration. The cloud based software allows users to access every bit of information on child's activities and academic performance without time and place constraints. This ultimately reduces paper work and eliminates the need of maintaining piles of registers to keep student records.

Throwing light on the roadmap ahead, Nitin adds, "All our products are aimed at emerging markets that are cost sensitive and need to be addressed with solutions that are simple, cost effective yet generating significant value. We are looking at global expansion especially in countries like India, Bangladesh and Africa."