Infosys and Wharton School Announce the Wharton Infosys Business Transformation Awards 2005 North America

Infosys and the Wharton School of the University of Pennsylvania announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA), 2005, North America on November 7 2005. The awards recognize visionaries and organizations that deploy technology in an innovative and creative manner to revolutionize their industries. InnoCentive, the first online science-based collaboration forum was awarded the Enterprise Business Transformation Award and Vivek Ranadivé, Chairman & CEO of TIBCO, received the Technology Change Agent Award.

ORLANDO, FL (PRWEB) December 25, 2005 -- Infosys Technology Ltd and the Wharton School of the University of Pennsylvania today announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA), 2005, North America. The awards recognize visionaries and organizations that use technology in an innovative and creative manner to revolutionize their industries.

The winners from North America were formally recognized last night at Confluence 2005, Infosys’ customer conference, in Orlando. Awards were presented in two categories: “Enterprise Business Transformation Award” and “Technology Change Agent Award.”

InnoCentive, the first online science-based collaboration forum, has been awarded the “Enterprise Business Transformation Award” for its online research and development network that connects the global scientific community. This award recognizes one organization in North America that has made the best use of information technology for business transformation. InnoCentive’s innovative use of Internet connectivity to create a virtual laboratory can boost scientific innovation and greatly reduce the escalating cost and time required to take a needed product to market. Critical to the company’s selection of this award was InnoCentive’s outstanding work in creating a totally new way for research-dependent companies to accelerate product development through the use of a Web-based “virtual” research and development (R&D) laboratory.

“We are honored to receive this award for our online research and development network that connects the global scientific community,” said Alpheus Bingham, Ph.D., founder, president and CEO of InnoCentive. “We are committed to attracting leading global research-driven companies, and providing them with an open, innovation network to help address their scientific R&D challenges. We want InnoCentive to be synonymous with the global community and that has now become a reality.

"Vivek Ranadivé, chairman and CEO of TIBCO Software Inc., has been awarded the “Technology Change Agent Award.” This award honors an individual in North America who has been a key driver in using technological innovation as a tool for business transformation. Mr. Ranadivé has established himself as a visionary leader who helped realize the future of integration, and continues to champion both real-time business and emerging technology that enables companies to unleash the power of information across enterprises – allowing companies to become more competitive. Through his leadership, TIBCO demonstrates leadership in helping companies become more cost-effective, more agile and more efficient.

Commenting on having won the award, Vivek Ranadivé, chairman and CEO, TIBCO Software Inc. said, “Bringing together the business acumen of a world-class business school with that of a world leader in information technology, the WIBTA is truly unique in its point of view. There is no other award that recognizes organizational transformation through IT with the same comprehensive understanding of both the business and technology impact. As a result, receiving the 2005 Technology Change Agent award is an honor and a career highpoint I will treasure for many years to come."

Announcing WIBTA 2005 North America winners, S Gopalakrishnan, COO and Member if the Board for Infosys Technologies said, “These awards recognize innovation excellence in information technology with industry-wide impact. The entire panel was impressed with many of this year’s entries, but both InnoCentive and Vivek Ranadivé distinguished themselves by demonstrating new performance trends with a potential to re-define industry and business models.”

“Three years ago, the Wharton School joined with Infosys Technologies Limited to express our shared commitment to business innovation through the establishment of the Wharton-Infosys Business Transformation Awards,” said Patrick Harker, Dean of the Wharton School. “We continue to be proud of the partnership that sponsors these awards, and we are delighted to join in honoring the companies selected this year.”

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