Silver Stripe Software Date:   Tuesday , March 02, 2010 Today, development centers of software firms are scattered all across the world, thanks to the advancement in telecommunication technologies, however these firms also face the challenge of managing the teams simultaneously while working on a project. The recent slowdown has caused many companies to adopt agile software project management methodologies as a way to better satisfy customers. Silver Stripe Software, which specializes in agile software delivery, aims to address the challenge of managing software projects with its tool called Silver Catalyst. HEADQUARTERS: Chennai HEADCOUNT: 4 FOUNDED: 2007 PRINCIPALS: Siddharta Govindaraj, Founder He had graduated in Electronics Engineering from Madras University in 2001, before doing his Post Graduate Diploma in IT at IIIT, Bangalore. Worked at a mobile applications development firm in Singapore for five years after which he took the entrepreneurial plunge. Clientele: Currently the company has eight customers who are all based outside India INVESTORS: The company is self funded and bootstrapped. Competitors: Scrumworks, TargetProcess, Rally and VersionOne WEBSITE: www.silverstripesoftware.com Product: Silver Stripe provides project management tool called Silver Catalyst, which is part of the ‘Tools for Agile’ suite of the company. The tool helps distributed teams execute agile projects. Agile methods are new ways to develop software that have quickly grown in popularity in Europe and the U.S. These processes use rapid project cycles, enabling companies to be more responsive to market needs, while improving quality and return on investment. DIFFERENTIATOR The company claims that its key differentiator is in terms of functionalities its tools offer. Silver Stripe tool manages different tasks like quality, schedule and stability of a software project simultaneously rather than only tracking the schedule, which other similar tools offer. Business model: The Silver Catalyst tool is available in a SaaS version, which is favored by the small and medium firms, as well as an on-premise version that larger firms prefer. The website is http://ToolsForAgile.com. The company also derives its revenue by providing training and consulting in software process and software delivery. WHATS NEXT? : The company has spent the last year validating its product. It plans to add more customers and expand its presence in the market.