NeoQuant Solutions-Leading the Evolution of Open Source Technology
Open source software (OSS) has evolved as the driving force of technology innovation with an abundance of organizations participating in the open source community. It is expected that by 2017, about 90 percent of Indian IT organizations will have Open Source Software embedded in their mission critical platforms. 
NeoQuant sets itself apart from other players of the segment by being more focused on development of complete enterprise solutions using PHP, Java, NoSQL and Big Data as core
Today very few companies across the globe can take up projects that have an added challenge of spending significant amount of time on choice framework, overall architecture and system components in Open Source. NeoQuant Solutions, headquartered in Mumbai, is one such open source development company that can take on such complex projects. The company has been at the forefront of open source ecosystem, providing software solutions and support to Banks, Insurance Companies, Financial Institutions, FMCG and Media Companies. NeoQuant has identified certain segments of Open Source Technology that it believes, are going to witness large adoption and development contributions from the community as well.
When questioned on how their Rich Internet applications (RIAs) offer a rich, engaging experience to improve user satisfaction and increase productivity. NeoQuant goes on to explain that the new UI frameworks have taken over the old concept of RIA and made development of rich interfaces a reality. HTML5 & JavaScript based frameworks are the way to go. From clean UI to Mobile compatible dashboards, it is all already there in open source.
Some of the latest works that NeoQuant prides upon are a Wealth Management System developed by the company for one of the leading private banks and a Learning Management System for an E-learning company. In the first case the Bank was able to do away its existing high cost system with user based license and huge AMC cost. The complete system was developed in a record time within 1/8th of the cost of existing software. The e-learning company has built the system from ground up with cloud ready scalable architecture and has managed to keep zero license cost and an easy manageable code.
NeoQuant sets itself apart from other players of the segment by being more focused on development of complete enterprise solutions using PHP, Java, NoSQL and Big Data as core. The projects are large, complex and require to be scaled up to meet enterprise level SLAs.
NeoQuant proposes to double the operations by the end of FY 16-17 and have already setup a division that is dedicated to Open Source Systems. The team will focus on research, development and delivery of large scale solutions for large corporate companies. They also intend to spend a part of their efforts on educating customers on Open Source System, options, benefits and pitfalls as well.
“Our knowledge and experience in BFSI, Retail and Manufacturing helps us to provide best solutions in the shortest time frame. More importantly, we believe in doing business as partners rather than just vendors,” concludes Rohit Sankhe, Director, NeoQuant Solutions.
Some of the latest works that NeoQuant prides upon are a Wealth Management System developed by the company for one of the leading private banks and a Learning Management System for an E-learning company. In the first case the Bank was able to do away its existing high cost system with user based license and huge AMC cost. The complete system was developed in a record time within 1/8th of the cost of existing software. The e-learning company has built the system from ground up with cloud ready scalable architecture and has managed to keep zero license cost and an easy manageable code.
NeoQuant sets itself apart from other players of the segment by being more focused on development of complete enterprise solutions using PHP, Java, NoSQL and Big Data as core. The projects are large, complex and require to be scaled up to meet enterprise level SLAs.
NeoQuant proposes to double the operations by the end of FY 16-17 and have already setup a division that is dedicated to Open Source Systems. The team will focus on research, development and delivery of large scale solutions for large corporate companies. They also intend to spend a part of their efforts on educating customers on Open Source System, options, benefits and pitfalls as well.
“Our knowledge and experience in BFSI, Retail and Manufacturing helps us to provide best solutions in the shortest time frame. More importantly, we believe in doing business as partners rather than just vendors,” concludes Rohit Sankhe, Director, NeoQuant Solutions.
