Dr. Padma Allen of TechnoDyne Named to “2010 New Jersey’s Best 50 Women in Business” List by NJBIZ

Chief Financial Officer of fast growing– Information Technology services company recognized for contributions to economic growth and community development

WAYNE, N.J.--(BUSINESS WIRE)--TechnoDyne, a fast growing Information Technology services company, today announced that Dr. Padma Allen, Chief Financial Officer, has been chosen by NJBIZ as one of New Jersey’s 2010 Best 50 Women in Business. The award recognizes women who share a commitment to business growth, professional excellence and the community. Honorees are also influential in shaping the economic future of New Jersey.

“We are delighted that Dr. Allen has been recognized by NJBIZ for her contributions to the IT services industry, as well as the state of New Jersey”

Co-founding TechnoDyne in 1998, Dr. Allen has helped transform the company from start-up to multi-million dollar corporation with Fortune 500 clients. She is responsible for creating TechnoDyne’s financial infrastructure, generating more than $80 million in revenue in 2008 without external capital investment. Due to Dr. Allen’s leadership, TechnoDyne now has over 450 employees in its workforce and has implemented diversity, career development, retention and client relationship building initiatives.

“We are delighted that Dr. Allen has been recognized by NJBIZ for her contributions to the IT services industry, as well as the state of New Jersey,” said Reddy Allen, Chief Executive Officer of TechnoDyne. “An inspiration to employees and young professionals, especially women, Dr. Allen has made a tremendous effort to give back to the community while significantly influencing TechnoDyne’s success.”

Dr. Allen is a co-founder and sponsor of a non-profit institution that provides education to over 400 underprivileged elementary, middle, and high school students in India. Dr. Allen is also a donor at iMentor , whose mission is to facilitate the development of high-quality, high-impact mentoring programs that address the most critical challenges facing underserved youth through an innovative combination of partnership, technology, curriculum, research and ongoing support. In addition, Dr. Allen is a member of Women in Defense, National Association of Professional Women and National Defense Industrial Association. Dr. Allen earned her M.D. from the University of Connecticut School of Medicine and is currently completing her Master’s of Business Administration degree at the Stern School of Business at New York University.

Dr. Allen will be recognized at an award ceremony and reception on April 7^th, 2010 in Somerset, NJ.

About TechnoDyne

Founded in 1998 TechnoDyne is a leading software services company that offers a wide array of solutions starting from strategic IT consulting right through to implementing IT solutions for Fortune 500 clients. TechnoDyne delivers high-quality, reliable and cost-effective IT services to enterprise clients around the world. We complement our deep industry and technology skills with a focus on business solutions. Our services also include process frameworks and applications outsourcing capabilities. More information about TechnoDyne can be found at www.technodyne.com