Hanu Software is a Finalist for the 2011 Red Herring 100 Global Award

PRINCETON, NJ - 12/8/11 – Hanu Software announced that it has been selected as a candidate for Red Herring's 2011 Top 100 Global award, a prestigious recognition honoring the year's most audacious and far reaching private technology companies and entrepreneurs from across the globe.

Hanu Software, one of the fastest growing IT services companies in the country, provides high-quality integrated outsourcing services to independent software vendors, enterprises and startups. Some of their key services include offshore software development, cloud application development, mobile application development, offshore software testing and business process outsourcing (BPO).

"We are honored to be recognized for the Red Herring's 2011 Top 100 Global award Finalist," said Anil Singh, founder and CEO of Hanu Software. "We are thankful to our Clients for their faith in our talented workforce for delivering the high-quality integrated outsourcing services." The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.

"Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments." Stated Alex Vieux, Chairman of Red Herring. "2011 has confirmed the sector's vibrant activity and its resilience to widespread economic problems."

Hanu Software Selected For "Top IT Services Companies on the Inc. 5000"

Princeton, NJ, September 13, 2011 - Hanu Software Solutions, Inc. of Princeton, NJ has been honored with recognition from Inc. Magazine in its selection of "Top IT Services Companies on the Inc. 5000." The company is ranked #164 in the IT Services industry and #1432 overall.

Hanu Software, one of the fastest growing IT services companies in the country, provides highquality integrated outsourcing services to independent software vendors, enterprises and startups. Some of their key services include offshore software development, cloud application development, mobile application development, offshore software testing and business process outsourcing (BPO).

"We are absolutely thrilled to be recognized as one of the fastest-growing companies during a struggling economy," said Anil Singh, founder and CEO of Hanu Software. "Our strong growth in a relatively short period of time speaks volumes not only about our talented workforce, but the faith our customers have in our ability to deliver high-quality integrated outsourcing services to them."

Each year, Inc. Magazine releases the Inc. 500|5000 rankings with a comprehensive look at the fastest-growing, independent companies in the nation. The list represents an important segment of the economy, spotlighting entrepreneurial companies that spur innovation and drive the economy forward.

"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

Princeton's Hanu Software

Offers Solution to N.J.'s Educational Database Challenges

More than ever, New Jersey needs to make the most of its education dollars. In fact, a recent Star Ledger article articulated Rutgers University's need "for a centralized database for student information, accessible to any official, according to a report issued by the university senate."

With an old, antiquated system, Rutgers is in desperate need of a centralized database for student information. Not only does it force staffers to manually input updates, it also requires referencing paper lists. And, the various systems cannot communicate with each other.

Rutgers and New Jersey are not alone. New York and Michigan have also grappled with the cost in both dollars and staff hours to install software to fix the problem. In fact, according to the Star Ledger, installing the software took Michigan about 300,000 staff hours.

With an annual budget of about $25 million, New York's Higher Education Opportunity Program (HEOP) provides financial and academic support to more than 5,000 students a year in 66 private institutions of higher learning in New York State. Several years back, the New York City region of Higher Education Opportunity Programs Professional Organization (HEOP-PO) through New York University (NYU) turned to Hanu Software. Working with HEOP-PO and NYU, Hanu designed ElRep (Eligibility and Reporting), tailored for the needs of state programs that provide extra support for financially and academically disadvantaged students in institutions of higher learning.

ElRep is a web-based, cost-effective, error proof, secure, time-saving and environmentally friendly system for administering such programs.

The implementation of ElRep has already resulted in dramatic benefits for schools throughout New York State. Built entirely from the ground up, utilizing the latest technologies, the user friendly, highly configurable ElRep system can immediately benefit New Jersey as well as all state and school systems nationwide. ElRep combines a sophisticated, extremely flexible rules engine capable of executing thousands of rules and a user-friendly web-based interface. The rules engine can accommodate the needs of any education assistance program system regardless of its size and complexity. The interface makes the system easy to implement, ensuring a high degree of accuracy with minimal staff training.

"The system for determining eligibility is practically fool-proof, and we've been able to reduce the amount of time spent on preparing reports by 80 percent," said Dr. Param Chawla, former executive director of Opportunity Programs at NYU. In addition to saving time preparing reports, ElRep

• Ensures financial assistance funds allocation only to qualified students;
• Saves hundreds of thousands of dollars a year in staff time;
• Supports green initiatives by eliminating the need for paper reports and paper processing; and
• Increases transparency and accountability between institution and the State Education Department (SED) and other granting agencies.

The functions of ElRep can be broken into two categories: Eligibility and Reporting. Regardless of the state, eligibility assistance is available to students who meet a complex set of criteria including residency, academic records and household income. The criteria are set by the State Education Department and are subject to change every year. Additionally each institution can set its own academic requirements.

ElRep streamlines the process of identifying eligible students into four steps. First, a counselor enters the student's information using the Eligibility Wizard; easy-to-use forms and navigation accelerate tasks and safeguards against mistakes. Second, the Wizard provides preliminary eligibility status. Third, after the student is deemed pre-eligible, the counselor follows a checklist generated by the system to confirm the student has provided all of the required documentation. At the fourth and final step, the verification engine runs the student's information through a list of the state's rules to determine final eligibility. SED officials use the rules engine to update requirements each year, eliminating the need for counselors to manually keep track of the changes.

Reporting with ElRep, all related reports can be generated automatically and viewed online. In order to protect student privacy and sensitive information, ElRep provides user-specific access ensuring that people can view only information directly related to their role such as counselor, administration, director or SED/funding agency official.

If the State of New Jersey higher education system follows New York's lead, any of the more than 30 colleges and universities in the Garden State could use the ElRep system to:

• Aggregate and send information about eligible students to the funding agency.
• Submit funding requests to the funding agency.
• Submit budgeting plans to the funding agency.
• Aggregate and report on the academic outcomes of the eligible students for the state.
• Track progress of individual students.

The SED/funding agency can use the ElRep tool to:

• Review information submitted on line by institutions to ensure compliance.
• Communicate with institutions regarding funding.
• Track academic outcomes of selected students by institution.
• Generate reports for state legislators, educational agencies and business communities.

Outdated systems in the New Jersey colleges and universities is costing the state and the schools millions of dollars and with rising enrollments this will only grow larger. The office of financial aid in New Brunswick employs 35 people to handle grants and loans for 36,000 students. The increased efficiency and improved programs assessment that would be delivered by Hanu's ElRep, or other similar software, will be useful during the current difficult fiscal environments.

BY ANIL SINGH

Anil Singh is founder and CEO of Hanu Software, Inc.

Webinar: Getting Real with Windows Azure: Real world Use Cases - Hosted by Microsoft and Hanu Software

Recommended Audiences: Technology Executives, IT Managers, IT Professionals, COO, CTO, IT Directors, Solution Architects, Product Managers, Business Decision Maker, Technical Decision Makers, Developers, Chief Development Officers (CDO), Chief Information Officers (CIO)

You've probably been hearing about cloud computing. But when you get beyond the hype, most cloud solutions offer little more than an alternate place to store your data.

Join us for a cloud power event, and we'll show you how we leveraged Microsoft cloud solutions and developed a value-added Windows Azure solution for a real world business case.

This webinar is for you:

• If you are looking to build SaaS applications or migrate existing desktop applications to Cloud.
• If you are looking to focus on your applications, not your infrastructure.
• If you are looking to leverage your existing Visual Studio and .NET, Php, Java to build compelling Cloud applications.
• If you are looking to build high availability, high performance, scalable applications.
• If you are looking to adopt Cloud but confused about where to start.

Presenters:

Bob Isaacs, Platform Strategy Advisor, Azure ISV - Microsoft Corporation

Bob works with Independent Software Vendors to help them realize the value of the Windows Azure Platform.

Vyas Bharghava, Technology Head – Hanu Software

Vyas helps ISVs and Enterprises adopt Microsoft Cloud Platform (Windows Azure).