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Company: Intelliswift Software Inc.
Position: Founder, president and CEO
Education: Bachelor’s degree in electrical engineering form Bombay University.
Age: 38
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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. |