Axience strengthens its leadership, management and global reach with appointment of Dr. Ganesh Mani

Online, December 10, 2009 (Newswire.com) - Dr. Ganesh Mani, President of Global Innovation Center, Inc. in Pittsburgh has joined Axience as an advisor and liaison representative of Axience in the US. Axience is an India-based specialist business services firm providing investment research, business intelligence, financial modeling, analytic and desktop research services to the financial services industry, including buy-side and sell-side firms, other corporate institutions and consultancies.

Ganesh Mani joins the team when Axience is growing at a rapid pace and strengthening its brand as a global provider of research and analytics services. "I am very pleased that Dr. Mani has agreed to join Team Axience and we look forward to developing and strengthening our presence in the US. In addition, the timing is perfect as we see early sign of global economic revival," said Hemant Jain, CEO of Axience. "I am very pleased that after starting Axience at a time which coincided with the sub-prime crisis and global recession, Axience has created a reputed team of management, board members and advisors and has continued to create a satisfied client list."
"I am looking forward to complement Hemant's efforts to enhance Axience's footprint in the US, where the multiple benefits of outsourcing to India are well acknowledged. As the need for customized analysis combining research and business intelligence skills increases, Axience will be able to create a significant niche for itself." said Ganesh.

Dr. Mani currently heads Global Innovation Center, Inc. and is also on the adjunct Faculty of Carnegie Mellon University. Ganesh Mani is an accomplished expert and thought leader in the areas of financial services, including risk management and other topical asset management industry issues. One of his prior start-ups was acquired by State Street Bank, thereby creating the nucleus of State Street Global's Advanced Research Center, which was the knowledge-locus for managing institutional portfolios worth several tens of billions of dollars.

Ganesh has contributed to several other innovative start-ups including iCAD, which is now a NASDAQ-listed public company employing pattern recognition and other quantitative techniques for early cancer detection. Ganesh's work has been patented as well as featured in a Barron's cover story titled "New Brains on the Block" and in various academic journals; he has also spoken and organized panels at various international conferences. Ganesh earned an MBA in Finance and a PhD in Artificial Intelligence from the University of Wisconsin-Madison. He has a BTech in Computer Science from the Indian Institute of Technology, Bombay. Ganesh is a charter member of The Indus Entrepreneurs (TiE), Pittsburgh chapter and was an early member of the Chicago Quantitative Alliance

About Axience
Axience was established in the beginning of 2007 with the goal of becoming a leading business services firm providing knowledge-based and consulting services to the financial services industry, consulting firms, government agencies and general corporate entities. Currently, it provides financial analysis and valuation services to corporate finance and private equity businesses; investment research to brokerage and asset management firms as well as hedge funds; securitization modeling and monitoring to investment banks, issuers and investors and a variety of other services including market intelligence, peer reviews, client and competition mapping services to the financial services industry. Axience also helps consulting firms, government agencies and corporate institutions in bespoke business research, market research and analytics.

Contacts:
Hemant Jain, CEO, Axience: hemant.jain@axience.com;
421, Dheeraj Heritage Building, Santacruz (W), Mumbai, India - 400054
Phone: +91 22 6671 8696; Fax: +91 22 6671 8695

Ganesh Mani, Advisor and US Liaison: gm.entrepreneur@gmail.com
1017 Parkview Boulevard, Pittsburgh, PA 15217
iPhone: +1 412.401.0121 efax: +1 801 383 8632