Bangalore: The National Association of Software and Services Companies (NASSCOM) announced the nine companies selected as part of its NASSCOM Product Conclave LaunchPAD initiative for 2012. The announcement was made at the NASSCOM Product Conclave (NPC) 2012 that was held last week.

Since 1990, the Indian has seen 3,402 product companies emerge. All of these companies are rapidly navigating the nascent product landscape in the country, with more and more product companies coming up from tier II cities like Belgaum, Vijayawada, Trivandrum and Mohali. The LaunchPAD initiative formally recognizes the potential of a few companies in the Indian technology product space.

“We believe it’s important for the Indian technology product community to take notice of these nine companies and what they are doing. The LaunchPAD initiative provides a platform for these companies to showcase their products, and we’re extremely proud to be able to encourage their efforts,” said NPC co-host Sharad Sharma.

This year, the judges received 54 entries and shortlisted nine companies after much deliberation. The nine LaunchPAD companies selected for 2012 are Qualitia Software Pvt. Ltd., InSync Tech-Fin Solutions Limited, Magnasoft Consulting India Pvt. Ltd., Ciafo, Silver Stripe Software Pvt. Ltd., Greytip Software Pvt. Ltd., Pipal Tech Ventures and SignEasy. Reflecting the current trends in the industry, many of these companies showcased products and concepts revolving around the cloud, localization and location services, mobility, web applications, social media and script-less test automation. The nine companies used the LaunchPAD platform to interact exclusively with the media, blogger and analyst communities, where they presented their products and received feedback from a focused group of professionals.