Pune, Maharashtra, India

Opus Software, a leading provider of software solutions to the payments industry, today announced the appointment of Mr. Anand Ramakrishnan as   President and CEO of the company. He takes over the position from Mr. Ramesh Mengawade (ex- CEO of Opus Software and ElectraCard Solutions) who will continue to be with the company as Executive Chairman. The move is part of Opus Software’s growth strategy, aimed at accelerated growth in the North American marketplace. Earlier this year, Opus Software Solutions entered into an agreement with MasterCard to sell its subsidiary ElectraCard Services Private Limited (ECS) for an undisclosed amount.

Anand Ramakrishnan joins Opus from Capgemini, North America where he served for the better part of the last two decades, the latest as the SVP of Banking Business Unit, responsible for business development. Anand was part of the senior management team at Kanbay, (acquired by Capgemini in 2007). He developed Kanbay’s cards and payments practice from its infancy to being the largest cards practice in the IT services industry. His experience in developing Kanbay from an entrepreneurial firm in 1995 to a publicly traded firm in 2005 and subsequent sale to Capgemini will enable Opus with its growth aspirations.

Anand gained his B.Tech degree from College of Engineering, Trivandrum and an MBA in Finance & Strategy from Booth School of Business, University of Chicago.

Mr. Ramesh Mengawade, Executive Chairman, Opus Software Solutions said, “To align ourselves closely to meet the demands of our existing customers, we needed a leader who has a proven track record in the North American marketplace. Anand’s knowledge and experience of leading a company will enable existing team to grow as leaders in their own right.”

Mr. Anand Ramakrishnan, CEO & President, Opus Software Solutions commented “Opus Software is going through an exciting growth journey and I am happy to be a part of it. My focus will be to attain and improve our leadership position in the retail payments industry by significantly enhancing our presence in U.S. and India. Talent acquisition and strategic alliances with industry leaders are going to play a major role in our growth aspirations.”

About Opus Software Solutions

Opus Software Solutions is a highly specialized and leading provider of technologies, software products and integration services in the payments domain on a global basis. Its solutions are characterized as adaptable, scalable and change responsive and cater to the demanding needs of the payment industry.

Opus professionals combine a wealth of experience, domain expertise, technology capabilities and mature processes to deliver market-leading solutions for mission critical OLTP applications for retail payments. Opus has provided solutions for clients in more than 25 countries that deliver millions of sub-second stock transactions, create innovative prepaid card programs, implement card-less ATM withdrawals and integrate multiple channels such as traditional clients, web, mobile and kiosks for seamless service delivery.

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Media Contact Details

Priya Wadhwa, Opus Software Solutions , +91-7757017674, Priya.Wadhwa@opussoft.com

Monica Miglani, 20:20 MSL, +91-8007732727, Monica.miglani@2020msl.com