EquiPPP and Nowigence Sign a Memorandum of Understanding
Nowigence Inc., the SaaS Technology firm behind Pluaris, a comprehensive and turnkey AI knowledge engine, announces a Memorandum of Understanding (MoU) with EquiPPP Social Impact Technologies Ltd., a company headquartered in Hyderabad, India.
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The MoU envisages a strategic business alliance whereby EquiPPP will act as a business development partner promoting Nowigence products in India and tailoring its core machine learning and natural language processing engine to develop IT and ITeSaaS (information technology enables software as a service) products for corporate social responsibility (CSR) activities, granting EquiPPP exclusive marketing rights for those CSR products in India.
India is amongst the first nations to make CSR obligatory. The top Indian companies with annual revenues of over $140 million or assets more than $70 million or net benefits exceeding $700,000, spend 2% of their normal net benefits on CSR initiatives every year.
Nowigence has demonstrated expertise in artificial intelligence (AI), machine learning (ML) and natural language processing (NLP), by bringing to market Pluaris, a cutting-edge intelligent reader that mimics in real-time the human process for knowledge assimilation while conducting a smart search.
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Announcing the strategic business alliance with Nowigence, Mahesh Ramachandran, M.D. and CEO of EquiPPP, said, “As part of our joint business development endeavor, we shall assist the top Indian companies to not only research programs for CSR but also create a transparent, unbiased and intelligent process connecting corporations, citizens, domain experts, NGOs and philanthropists with the Indian government.”
Anoop Bhatia, CEO of Nowigence, said, “We are happy to partner with EquiPPP to deliver value in the growing CSR market while benefiting society at large. We are excited to jointly bring technology into the social programs space. Together, we hope to make a significant difference in our collective social responsibility connecting donors and service organizations to improve the lives of the underprivileged.”
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