Press Release A new bridge between HEC Paris and Bangalore in the software industry Jouy-en-Josas, December 6th 2007 Indian software companies such as Cognizant Technology Solutions, Infosys Technologies, HCL, L&T Infotech, Wipro Technologies, Satyam, and Tata Consultancy Services (TCS), are leading the pack of Indian corporations investing in France. To serve the management needs of Indian companies present in France and French companies active in Bangalore, HEC Paris and the Indian Institute of Management of Bangalore (IIM B), with the support of the Greater Paris Development Agency, have decided to increase their cooperation: already partners in student exchanges, they have agreed to open up exchanges to faculty as well. The announcement was made at the IIM Bangalore by T.Jacquillat, Chairman of Greater Paris Investment Agency, Prof. V.Nagadevara, acting director IIM Bangalore, Prof. JP Larçon (HEC Paris), and Prof. S.Raghunath (IIM Bangalore). It happened at the panel discussion on “alliances, joint ventures and acquisitions in the Euro Zone” held in the general management program for IT executives of IIM B. In 2006 France was the third largest country for foreign direct investment after the United States and the United Kingdom. India Economic Summit, World Economic Forum, 2-4 December 2007 www.weforum.org/en/events/IndiaEconomicSummit2007/index.htm Contacts: HEC Paris Press relations : Elisabeth de Réals Tel +33 1 39 67 94 23 dereals@hec.fr International Development, Asia: Prof. JP. Larcon, larcon@hec.fr Mrs G. Barre barre@hec.fr Tel +33 1 39 67 95 60 Indian Institute of Management of Bangalore Prof. S. Raghunath srnathsrnath@iimb.ernet.in Mob +33 6 78 44 10 52