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In 1995, as the second largest offshore software development firm in India, Mastek formed Majesco Software to introduce its services to the United States.
Our efforts supported the growth of Majesco from a $3 million a year operation to a $17 million a year operation in just under 2 years - directly impacting the stock price of the parent corporation with a resulting price increase of over 500% during the same period.
When Matthew Augustine, VP of Business Development at Majesco went on to head Siri Technology, a software testing firm in Mountain View, CA, he brought the Walden Research team with him to establish his new firm.
When Mastek formed VARstreet.com, Walden Research was retained to quickly establish initial membership, resulting in a quick second round of funding.
As a by-product of our efforts, Walden Research's feedback was instrumental in the industry leading white-papers that Majesco has published on offshore software development.
"We are delighted with the way the Walden Research team has put us in front of opportunities for software development projects in such a competitive environment."
- Matthew Augustine, VP of Business Development.
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