QuScient IN THE MEDIA

14 Sep 2007

NOTES FROM THE GARAGE

AGE’S NO BAR TO START A BIZ

CHANDRA RANGANATHAN IN CHENNAI

THE FOUNDERS OF QuScient TECHNOLOGIES WERE BOUND BY a common bond, before they decided to go entrepreneurial two years ago...

... The company was initially centered on providing back-office processing, call centre services and software development to mid-market companies in the finance and accounting verticals. Almost all its clientele are based in the US. However, QuScient’s focus eventually shifted to the education sphere, where it renders student support services to ten educational institutions in the United States. QuScient has designed and developed QuVarsity, a student lifecycle management system, which would manage the complete lifecycle of a student from enrollment through graduation and beyond.

“QuVarsity is a patented product which is highly configurable and can be customised to suit a particular institution. I would estimate education to be a $20-billion market in the United States”, Mr Thiagarajan said. To market QuVarsity, the company is planning to tie up with software product vendors who collaborate with educational institutions.

The privately-held company currently has revenue of $7-10 million. While education contributes 55%-60% to the revenue, the financial and accounting services account for 30%-40%. The founders said that the company is currently not looking at external funding and plans to operate with internally generated funds.