Avendus Securities Picks [x]cubeLABS as Mobile Technology Partner

    DALLAS, TX, August 09, 2011 /24-7PressRelease/ -- Leading mobile technology company, [x]cubeLABS, today added another feather to their cap with the addition of Avendus Securities, a wholly owned subsidiary of Avendus Capital, the leading financial services firm headquartered in India, to their list of enterprise clients. Under the terms of the agreement, [x]cubeLABS, will design, develop and deploy mobile application for various services offered by Avendus Securities.

The application named Avendus will bring insightful industry information at user's fingertips. The app developed for iPhone and iPad, provides investors in India access to institutional research covering companies across a comprehensive range of industries including Automobiles, Banks, Cement, Construction, Consumer, Engineering, Financial Services, IT Services, Metals & Mining, Oil & Gas, Pharmaceuticals, Retail, Telecom and Utilities.

Commenting on this new development Kaushal Aggarwal, Managing Director, Avendus Capital said, "Reaching out to clients through channels preferred by them is a critical factor in the success of any business and goes a long way in providing value. This application will help clients and investors access incisive economic and sectoral research, investment ideas and company specific research based on empirical data. A vast portfolio of innovative work made [x]cubeLABS a natural choice to develop this application."

[x]cubeLABS has been a leader in developing specialty mobile technology solutions and has worked with premiere Fortune 100 companies across multiple verticals. The company offers mobility solutions in both, B2B and B2C domains.

Speaking on the occasion, Mr. Ravi Korukonda, COO of [x]cubeLABS, said "Avendus Securities' decision to choose [x]cubeLABS as app development partner represents a shared vision to optimize the potential of mobile applications in financial research and analysis. Our experience and expertise in utilizing avant-garde mobile technology to deliver high-performance solutions coupled with in-depth domain understanding from Avendus Securities will surely revolutionize the way critical information and researched insights are shared through mobile applications".

The application is now available for download from the Apple App Store at http://itunes.apple.com/us/app/avendus/id444426037?mt=8

About [x]cubeLABS

[x]cubeLABS is one of the leading mobile development and consulting firm, headquartered in Dallas, USA with presence in San Francisco, New York and Hyderabad, India. With expertise across all the leading mobile platforms including iOS, Android, BlackBerry and Symbian, [x]cube has more than 400 apps to its credit and some of the biggest Fortune 500 companies in its list of satisfied clients.

For more information, visit www.xcubelabs.com

About Avendus Capital

Avendus Capital is a leading financial services firm which provides customised solutions in the areas of financial advisory, equity capital markets and wealth management. The firm relies on its extensive track record, in-depth domain understanding and knowledge of the economic and regulatory environment, to offer research based solutions to its clients that include institutional investors, corporates and high net worth families. Avendus Capital has consistently been ranked among the top-five corporate finance advisors in India and has emerged as the advisor of choice for cross-border M&A deals and has closed 35 cross-border transactions in the past 4 years. Avendus Securities through its Institutional Equities practice is able to offer clients best-in-class research-driven advice to help them take investment decisions, while Avendus PE Investment Advisors manages funds raised from its investors by investing in public markets and private equity. Headquartered in Mumbai, the firm has offices in New Delhi and Bangalore. Avendus Capital, Inc (US) and Avendus Capital (UK) Pvt. Ltd. located in New York and London respectively are wholly owned subsidiaries offering M&A and Private Equity syndication services to clients in the respective regions.

For more information, visit www.avendus.com.

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