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announced that ConnectM
Technology Solutions, an end—to-end solutions provider for the
energy, transportation, utilities, industrial and enterprise markets,
is the winner of the Global Innovation Venture Partner (GIVP) Program
in India.
The winning initiative 'Energy
Management Solution' by ConnectM is a solution that ensures savings
in energy bills for commercial buildings and telecom cell sites. The
solution delivers savings of up to 10 percent in electricity bills,
significant savings in fuel consumption, and overall optimization of
energy operations. The solution effectively leverages wireless
technology for retrofit solutions, provides for energy management
services remotely comprising of comprehensive analytics reports for
enhanced decision making.
ConnectM received its award from Abhay
Gupte, CEO, Logica in India and GBS Bindra, Global Innovation
Director, Logica. Congratulating Connect M, Gupte said, “The IT
industry is extremely dynamic and innovation plays an important role.
Innovation is a core value at Logica and we are delighted to be able
to collaborate with ConnectM. Their energy management solution has a
practical approach which has the potential to make a significant
impact through usage and we look forward to working with them.”
ConnectM, a Sasken and IDG Ventures
Company, will compete with eight other country winners, and will
present before a global panel for its chances to win the Global
Winner position. Murali Ramalingam, MD, ConnectM said, “The GIVP
Program is an encouraging platform for companies to showcase their
innovative ideas at a global level. We are pleased to collaborate
with Logica on innovation for the customer. We are extremely pleased
to have won the India part of the program.”
Now in its third year, the GIVP Program
is a successfully running program. This year, in India alone, the
program received 120 nominations of which six were shortlisted by the
panel. The shortlisted companies underwent a rigorous evaluation by
the panel to finally arrive at the India winner. The program is
hosted in nine countries-UK, France, Netherlands, Sweden, Finland,
Denmark, Portugal, US and India, after which the global winner is
announced.
Logica
recently partnered with Greenlight Technologies