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Intelliswift among the top 10 fastest growing companies in Bay Area
Intelliswift wins award for the 4th fastest growing company in East Bay
Intelliswift in the fast lane
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Pat Patel
 
IndUS Buisness Journal interviews Pat Patel, Intelliswift's CEO about the firm's swift growth.
 
IndUS Business Journal article


Issue Date: December 15, 2006, Posted On: 12/14/2006


Pat Patel: Intelliswift’s people person

Founder sparks swift growth with employee focus

By Mark Pechenik
   

  Company: Intelliswift Software Inc.

Position: Founder, president and CEO

Education: Bachelor’s degree in electrical engineering form Bombay University.

Age: 38

FREMONT, Calif. — Ask Pat Patel of Intelliswift Software Inc., and he'll tell you that it's the people, just as much as the product, which has been responsible for his company's astounding growth since its opening in 2001.

"The difference is not so much what we do but how we do it.  By making a strong commitment to our employees, we've made significant progress," says Patel, founder, president and chief executive officer of Fremont, Calif.-based Intelliswift, which specializes in software services and systems integration. 

Such an assessment could be considered an understatement.  Within the past three years, Intelliswift has realized a dramatic revenue growth rate of 367 percent.  For the same amount of time, this firm has been consistently rated among the top-10 fastest growing companies in the San Francisco Bay area. 

Intelliswift's client list includes such corporate heavyweights as Charles Schwab & Co. Inc., Bank of America, Barclays Bank, Ebay Inc., PayPal and Google.  In addition, Patel's firm has expanded its presence with the opening of offices in Mumbai, India and Los Angeles, along with plans to establish a New Jersey site in 2007.

Intelliswift has made its mark by tailoring IT services to meet customers' needs.  As a result, the company's efforts can be witnessed in greater user-friendly navigation for visitors to Wells Fargo Bank's Web site, improved on-line trading technology for Etrade Financial Corp.'s customers, as well as integrated software products that enable clients to get more from their IT dollars.  In addition, Intelliswift has realized success with its staffing subsidiary, which provides IT consultants, temporary and permanent professionals for corporate clients. 

The company's success is even more remarkable given that its beginnings stem from Patel's own harsh life lessons.  A graduate of Bombay University, Patel's resume includes work with such pedigree software companies as Oracle, Mastek, Systime and Patni Computer Systems Ltd.  Nevertheless, his most recent attempt at technology services failed in 2000. "I used to be in business with another partner and our company had a lot of dot-com customers at the time," he says. "So, when the market crashed, we did too.  We had no choice but to close shop."

Patel says that he took this setback as a "personal challenge" and, rather than accept defeat, he was determined to "try my hand at business again."  He attributes this positive outlook to his personality as a "conservative risk taker."

"I'm often considered the black sheep of the family," says Patel, who first came to the United States in 1995 from his home in Mumbai, India. "My dad worked for the same company for 22 years — compared to him, I am much more of a risk taker."

Nonetheless, the "conservative" label of his risk taking identity means that, when embarking upon entrepreneurial ventures, Patel focuses on getting results within a set time frame.  Consequently, he took this same approach in moving forward after his 2000 business collapse.

"I knew that markets change and go through cycles," he says. "So, if I could find the correct customer solution and service, the business was bound to grow eventually."

He backed this commitment by taking a second mortgage out on his house to fund Intelliswift.  At the same time, his wife went back to work to support him through the company's startup phase.  "A lot of friends suggested that I just get a steady job at an established corporation," he says. "But I knew that, if I did that, I would likely miss out on creating a customer base that would allow my own company to grow when the good times would come around."

But Patel was also aware that "good times" would not be enough to generate corporate profitability.  He had to find the right formula for success.  Fortunately, he discovered that formula by taking a "customer service first" approach to both his clients and his employees.

"By taking care of our employees, putting their needs first, we have made sure that our people have grown along with us," explains Patel.  In practice, this has meant competitive compensation and benefits packages that makes it possible for Intelliswift to both recruit and retain superior IT talent.

Mike Jani, Intelliswift's regional manager of business development in Southern California, says Patel has given Intelliswift a distinct advantage with the employee team he has built.

"He is an extremely good people person," says Jani. "Pat not only has that ability to make employees feel special, he has a great eye for hiring the best people for the job."

Jani recalls how, in interviews for his position, he expressed a desire to work close to home.  Patel readily agreed to allow him to open the southern California office "just 500 feet from my front door," he says.

Once hired, Patel often encourages independence, Jani notes.  "He promotes achievement by letting staff have more or less a free hand in meeting goals and deadlines.  And by not micromanaging, he allows for greater creativity among employees," Jani says.

This workplace progressiveness is far from altruistic, however.  "IT professionals have 10,000 reasons not to work here, there are just so many job opportunities that are available to them," says Jani. "Pat realizes this fact and, as a result, strives to make Intelliswift as attractive as possible to the best talent available."

Patel's staffing strategy, in turn, has translated into strong corporate earnings.  "We have a strong commitment to our employees — because I've always felt that a happy employee means a happy customer," he says.

For clients, this means that they can anticipate what Patel calls "personalized attention."  Company policy dictates, for example, that sales representatives work with no more than two large customers at one time.  Furthermore, if customers have problems, every effort is made to answer their concerns within one hour.

Such attentiveness, Patel believes, helps to ensure quality relationships between his sales force and customers. "We listen to, not just hear, what the clients' needs are.  This has not only allowed us to effectively customize IT solutions for customers, it has also enabled us to act upon their concerns in a timely manner," he says.

As to the future, Patel envisions a continued upward spiral for Intelliswift, especially in key areas of business activity. "We especially see a great deal of potential in the insurance and financial industries," he says. The "increasing number of baby boomers seeking investment strategies for retirement" should translate into more IT contracts for the right technology companies, says Patel.  And he believes that Intelliswift will be among the top competitors for these lucrative technological opportunities. 

 
 
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Intelliswift in the fast lane
 
East Bay Business Times features Intelliswift as part of the top 5 fastest growing companies in East Bay for 2006.
 
Fremont CA, 25 September, 2006 – Intelliswift is the 4th fastest growing company in the East Bay Area according to the American City Business Journal - East Bay Business Times. A stunning growth rate of 367% in the last three years placed Intelliswift at the top of the charts.

The results were verified by an independent accounting firm, Armanino McKenna. The accounting firm compared and verified financial data collected from private companies located in the three biggest counties in East Bay. To qualify for the award the companies had to have made at least 200,000 in 2003.

In its September 22nd issue the Magazine featured the winners of its Fast 50 list. The article about Intelliswift charts the growth of the company and features an interview with the company’s VP, Pat Patel.
 
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The article begins with how Pat found inspiration to start his own company after watching a documentary about innovative pioneers who contributed to the growth of Silicon Valley. He is quoted as saying, “It was an interesting and inspiring story. It motivated me to do more with my life.”

It then goes on to note how Pat started the business in 2001, a time when a lot of companies were shutting shop. The article quoted Pat as saying, “The timing was so bad that there was nowhere else for the business to grow but upwards,” Patel said. “Seriously speaking, there were times when I doubted myself, looking at the market and the downturn in the Valley, when outsourcing and layoffs were on the rise. But with a bullish attitude we kept chugging one client at a time”. The article then goes on to describe why Pat decided to take the services route and how he bagged clients like Ebay and HP.

When asked for the key reasons for the success of Intelliswift, he said, “Our strong commitment towards our employees who are our assets

reflects strongly upon the services that we deliver to our clients,” he said. “We believe a happy employee is a happy client and both are central to our success and growth.”

The article then goes on to quote, Pankaj Bhasin, Director of Sales of Intelliswift, “Pat has such a great attitude. Even in situations where there are a lot of negative things, he only sees the positive part of it,”

The article concludes with an eye on the future : `Intelliswift, headquartered in Fremont, has big plans for growth. In the next couple of years, Patel intends to expand his workforce to 500 and his annual revenue to $30million. Last year he opened an office in Los Angeles and expects to open a branch in New Jersey early next year.’

 
About East Bay Business Times
East Bay Business Times is one of the 41 business journals, part of the American City Business Journals, the nation's largest publisher of metropolitan business newspapers. American City metropolitan business newspapers reach 4 million readers each week with exclusive, in-depth coverage of their business communities. The loyalty of these readers testifies to American City's commitment to top-quality journalism, unexcelled service for advertisers and readers, and active business community involvement.
 
About Intelliswift Software Inc.
Intelliswift Software Inc is a premier system integration and software services company headquartered in the Silicon Valley. Intelliswift’s system integrators and consultants are committed to excellence in: SAP, Oracle App's, EAI, BI, Web Services and Sun Technologies. The company also specializes in staff augmentation – both contract and permanent. The company maintains offices in Fremont, LA and Mumbai, India. Intelliswift’s clients include companies like Ebay, HP, Google, Sun, Wells Fargo, Etrade, Gap, Apple and Cisco.