Press release from Business Wire India
Source: Cholamandalam MS
Monday, February 23, 2009 02:18 PM IST (08:48 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology
Release no: 19308
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Cholamandalam MS Risk and Processmap Infotech Create Alliance to Deliver Web-Based Enterprise Platform
To Target Environmental, Health & Safety (EH&S), Compliance and Risk Management in India, Asia-Pacific and Middle-East Markets
Chennai, Tamil Nadu, India, Monday, February 23, 2009 -- (Business Wire India) -- Cholamandalam MS Risk Services Ltd, a joint venture between the Murugappa group, India and Mitsui Sumitomo Insurance Group, Japan, today announced their partnership with ProcessMAP Infotech Pvt. Ltd, an affiliate company of ProcessMAP Corporation, USA, world's leading provider of hosted, subscription-based software Solutions Company. The duo has forged a go-to-market alliance around improving EH&S information management and decision support by delivering a web-based information management platform. This alliance will help companies manage the increasingly complex and emerging needs in environmental, health & safety compliance, risk information and underlying processes. The scope of this alliance includes joint marketing, strategy consulting, software innovation, and implementation services.
"Our partnership with ProcessMAP has been the result of a year-long planning and we are excited about this alliance with a global EH&S software company." said Mr. N V Subba Rao, Head-Risk services, Cholamandalam MS Risk Services. "We have the right synergies between both companies, and ProcessMAP's software coupled with our industry expertise has created an unparalleled alliance that will allow us to deliver a world-class platform." he added
The launch will initially focus on the manufacturing, petrochemicals, telecommunication, retail and power sectors in India, Asia-Pacific and selected countries in the Gulf. Both companies will utilize their technology and industry expertise to develop several best-in-class industry-specific tailored solutions based on ProcessMAP's market leading software platform.
Dave Rath, Chief Executive Officer of ProcessMAP said, "This alliance is a major milestone for ProcessMAP's continued evolution as the world's leading EH&S Software Company. We are honored and excited for being selected by Cholamandalam MS team to be their partner for this major initiative."
The solutions provided through this partnership will include enterprise web-based applications in environmental management, occupational health, workplace and industrial safety, industrial hygiene, audits, greenhouse gas (GHG) portfolio management, and corporate EH&S performance management. The solutions will be delivered on a Software-as-a-Service (SaaS) model, which would include software, hosting infrastructure, maintenance and support. The first set of solutions will be rolled out in second Quarter of 2009.
About Cholamandalam MS Risk Services Ltd.
Cholamandalam MS Risk Services Ltd, a joint venture between the Murugappa group, India and Mitsui Sumitomo Insurance Group, Japan. Chola MS Risk has successfully executed over 1350 consulting assignments across 35 sectors (from Oil and Gas to Telecom) in India & Abroad and is accredited as the only Risk Management Company in Asia to be recognised by oil giants. Chola MS Risk also pioneered the use of thermal imaging for electrical hot spot identification in Indian Insurance market.
Adding another feather to their cap, Cholamandalam MS Risk Services won the prestigious "Risk Manager of the Year 2007" at the 11th Asian Insurance Industry Awards.
Cholamandalam MS Risk Services' expertise can be broadly classified into the following categories:
-- Electrical Risk Management
-- Industrial Safety Management
-- Process Risk Management
-- Environmental Risk Management
-- Insurance Support Services
For more information, please visit http://www.cholarisk.com
About ProcessMAP Infotech Pvt. Ltd.
ProcessMAP Infotech Pvt. Ltd, India is an affiliate company of ProcessMAP Corporation, USA, which is the world's largest provider of hosted, subscription-based software solutions in Environment, Health, Safety, and Sustainability information management. ProcessMAP's solutions empower organizations of all sizes around the world, in more than 60 countries and in 20 languages, to streamline EH&S information management and the underlying processes. The software delivery model, also known as Software-as-a-Service (SaaS), provides our customers with an integrated offering that includes web-based software, world-class hosting infrastructure, one-stop implementation services, and industry's only 24x7 technical support and help desk services with a predictable fixed cost. ProcessMAP offers solutions in six segments: Environment, Occupational Health, Safety, Metrics & Scorecard, Audits & Assessment, and Task & Activity Management. ProcessMAP's multi-site, multi-user software-as-a-service (SaaS) architecture provides customers with rapid deployments, minimal IT costs, greater flexibility, proven reliability and a lower total cost of ownership. ProcessMAP is headquartered in Ft. Lauderdale, Florida, USA with offices located globally. ProcessMAP Infotech Asia Pacific headquarters is located in Hyderabad, India.
For more information, please visit http://www.processmap.com.
CONTACT DETAILS
Mr N. V Subba Rao, Head - Risk Services, Cholamandalam MS Risk Services Ltd, +91 (044) 2530 7430, subbaraoNV@cholaMS.murugappa.com
Sunanthy Devi, IPAN, +91 (044) 28207005, sunanthy.devi@ipan.com
Chandana Upadhya, IPAN, +91 (044) 28217294, chandana.upadhya@ipan.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT
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