XProtean was named a winner in the Software category of TiEcon’s TiE50 contest based on selection by Judges and voting by customers, partners, investors and others. This is a testament to XProtean’s excellence and leadership in innovation, ingenuity, and management excellence.

“This is great validation for our company’s product vision. Our solutions will significantly improve the ROI for the retailers while eliminating the obstacles of upgrading to new technology and also, bring true convergence of business solutions through multiple avenues i.e. desktop, e-commerce and mobile,” said Jag Kapoor, CEO of XProtean, Inc.

The TiE50 award was presented by TiE at TiEcon 2009 in Santa Clara, California to the top 50 start-ups from close to 1200 nominees. TiEcon 2009 was two action-packed days of rich dialogue, networking and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. TiEcon 2009 was themed “The BOLD Entrepreneur,” focusing on dynamic individuals who are able to adapt to changing conditions and create their own future despite downturns and uncertainties.

About XProtean

Based in Milpitas, California, XProtean is revolutionizing retail management by combining cloud computing with vertical experience and domain knowledge. Our goal is to remove the barriers to deploying and maintaining retail solutions. Our products transform POS technologies into multi-direction portals to both pull and push information from the store level to corporate HQ and other stakeholders in the retail business.

About TiE

TiE is a global organization dedicated to fostering entrepreneurs across its international network sponsored by top venture capital firms and Fortune 500 corporations. TiE is spread across 53 chapters in 12 countries comprising of 1,800 experienced entrepreneurs and business executives as charter members, 12,000 aspiring entrepreneurs and professionals as members. TiEcon is the world’s largest entrepreneurship conference organized by The Indus Entrepreneurs (TiE) organization. TiE50 winners presented their companies in a live showcase over the two days of TiEcon 2009, on May 15th and 16th in Santa Clara, CA. www.tie.org.