eVapt becomes a Member of the Austin Technology IncubatorAustin, TX, December 12, 2007 – The Austin Technology Incubator, a program of IC² and part of The University of Texas at Austin announced the acceptance of eVapt as a Member Company. eVapt, founded as a result of work done at the McCombs School of Business at The University of Texas at Austin, is a software company which enables usage-based selling for Software as a Service (SaaS) providers. By utilizing the solution, SaaS providers can effectively and efficiently deliver back office operations and hence, focus more on their core business. Our founding members Divakar Jandhyala, Ranjit Nayak and Chris Marich have several years of commercial software development experience from companies such as BMC, IBM and Evity Software, a former ATI member company. "We are excited to be a part of the ATI", commented Divakar Jandhyala, Founder and CEO of eVapt. "ATI's strong business relationships in the community as well as their past successes with companies such as Evity, enhance our credibility when we talk to customers and investors." "We are excited to welcome eVapt, a highly innovative software-as-a-service provider, to ATI," said Isaac Barchas, director of ATI. "It joins a long line of successful business software companies at ATI, including recent graduate BuildForge (acquired by IBM in 2006) and current member Phurnace Software. It is especially gratifying that one of the eVapt founding team members is an ATI alumnus – recurring business like that really validates the ATI model." About eVapteVapt is an Austin Texas based Software Company which enables usage-based selling for Software as a Service (SaaS) providers. By utilizing our solution, SaaS providers can more effectively and efficiently deliver back office operations. The solution allows providers to focus on their core strength which is business service delivery. Our primary offering is called Operations Service Manager (OSM) and will be delivered as a SaaS. For more information, visit www.evapt.com. About the Austin Technology IncubatorThe Austin Technology Incubator is a nonprofit organization that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. ATI enables its members to successfully compete in the global marketplace by linking them with ATI's worldwide network of industry leaders, experts from academia and professional service providers. ATI is a key program of the IC² Institute at The University of Texas at Austin. For more information, visit www.ati.utexas.edu. eVapt Press contact: |
