Jeffrey Rice Joins ITShastra Advisory Board

COLUMBIA, Md. & MUMBAI, India--(BUSINESS WIRE)--ITShastra, a software development, testing and design company for worldwide business needs and offshore project delivery, today announced that Jeffrey Rice joined the company’s advisory board for Thinagee Investments India (Thinagee), an investment firm and a subsidiary of ITShastra.

“His insight and guidance will help us support the business goals of promising entrepreneurs across India.”

Rice is the founder, CFO and director of a Baltimore-based biotechnology company that develops vaccines against infectious viruses. He has 30 years of management and consulting experience and currently consults for Oxford, Ala-based Ultraliner Inc. and Baltimore-based Practice Minders, LLC.

“Jeffrey has the expertise to help Thinagee transform innovative ideas into highly profitable, market-leading companies,” said Prasad Nagool, ITShastra CEO. “His insight and guidance will help us support the business goals of promising entrepreneurs across India.”

Previously, Rice was on the board of directors for Maryland-based Osiris Therapeutics, Inc. (OSIR), a stem cell therapeutic company that develops and markets products to treat serious medical conditions. He also founded the Delaware hedge fund Incube8.com, Inc. Additionally, he consulted with AmericasDoctor.com Inc., USLaw.com Inc., INNX Inc., Sideware Systems Inc. and SpongeLab Inc.

Rice received a BA in economics from Princeton University and completed advanced training courses at Harvard University and The University of Pennsylvania’s Wharton School.

“The opportunity to help entrepreneurs in their quest for professional advancement will be very rewarding,” Rice explained. “Having worked with a variety of companies from inception enables me to assist Thinagee and individuals throughout India who can make a difference in their lives as well as others. I am humbled and honored to be part of this venture, and look forward to seeing many great achievements from gifted entrepreneurs.”

About ITShastra

Founded in 2001 and headquartered in Mumbai, India, ITShastra is a professionally managed software company that is a global provider of consultancy, development, testing and design services for businesses around the world. Its highly technical team has broad-based experience in both software design and Web application development that address multiple vertical industries including Mortgage, Retail, Healthcare, Education, Film Industries, Banking and more.

ITShastra also has offices in Jalgaon and Nagpur, India as well as an affiliate office in Columbia, Md. with IndiSoft, LLC, and a business partner office in Ireland with Acubesoftware.com.

For more information visit www.itshastra.com or call [phone] / [phone].