Kolkata-Born Bengali, Sandeep Chatterjee, Named Young Global Leader for 2011 by the World Economic Forum

Geneva, Switzerland, March 12, 2011 --(PR.com)-- The World Economic Forum announced that Sandeep Chatterjee, co-founder of SourceTrace Systems, has been named a Young Global Leader for 2011. This honor, bestowed each year by the World Economic Forum, recognizes and acknowledges the top leaders – all below the age of 40 – from around the world for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

The Young Global Leaders for 2011 include 190 honorees chosen from 65 countries and from all stakeholders of society, including leaders from business, government and the media. The 2011 honorees represent all regions of the world: East Asia (50), South Asia (18), Europe (42), Middle East and North Africa (13), sub-Saharan Africa (14), North America (37) and Latin America (16). The 2011 honorees will become part of the broader Forum of Young Global Leaders community that currently comprises 668 outstanding individuals from around the world, including Mette-Marit of Norway, Crown Prince of Norway; Keisuke Tsumura, Member of the House of Representatives, Japan; Tero Ojanpera, Member of the Executive Board, Nokia Corporation; Michael Drexler, Managing Director, Barclays PLC; Tadhg Flood, Managing Director, Deutsche Bank AG; Peter Lacy, Managing Director, Accenture; Susan Athey, Professor of Economics, Harvard University; Tony Fadell, Advisor to the CEO, Apple Computer; and, Mark Zuckerberg, Founder and Chief Executive Officer, Facebook. “The World Economic Forum is a true multi-stakeholder community of global decision-makers in which the Young Global Leaders represent the voice for the future and the hopes of the next generation,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

Sandeep Chatterjee started the work that ultimately became the basis for SourceTrace Systems almost a decade ago when the United States government appointed him to research and develop a wireless technology solution to deliver secure banking and related services to the almost 4 billion people in the world who do not have access to such services. Currently, Chatterjee is the Chief Technology Officer, Vice President and a Director of SourceTrace Systems, Inc. (U.S.A.), as well as the President of SourceTrace Systems Nicaragua, S.A. and the Managing Director of SourceTrace Systems India Pvt. Ltd. SourceTrace offers robust and proven transactioning software and services utilizing mobile phones, point-of-sale devices and other wireless and fixed line handsets working over existing telecommunications networks, for the financial services, agricultural commodities, healthcare and other industries. SourceTrace’s technology has been used in Mexico, Central America, South America, Bangladesh, India, and Africa.

Chatterjee was born in Calcutta, India, and emigrated, when he was 5 years old, together with his family, to San Francisco (U.S.A.), where he still lives. He earned a Bachelor of Science (B.S.) degree in Electrical Engineering & Computer Science from the University of California at Berkeley, and Master of Science (M.S.) and Doctorate (Ph.D.) degrees in Computer Science from the Massachusetts Institute of Technology (MIT) in Boston, Massachusetts (U.S.A.). While at MIT, Chatterjee invented a mobile technology solution that is preserved in a time-capsule as one of the most important inventions in computing, an honor Chatterjee shares with Bill Gates, founder of Microsoft, and Tim Berners-Lee, the inventor of the World Wide Web.

“Changing the world – for the better – will take creativity, deep thinking, global dialog, and most importantly, teamwork,” said Chatterjee. “I am honored to have been selected as a 2011 Young Global Leader, and to be included in this group of extraordinary individuals who, working and thinking together, will certainly have significant and positive impact around the world.”

As a Young Global Leader, Chatterjee becomes part of the World Economic Forum, and will participate in the Forum’s meetings and events, including the Annual Meeting of the World Economic Forum in Davos, Switzerland, the Annual Meeting of the New Champions in China, and the Forum’s regional meetings throughout the world.

SourceTrace Systems

With operations around the world, SourceTrace Systems is a global leader in facilitating mobile and fixed-line network-based transactions. SourceTrace offers robust, proven remote financial transaction software that utilizes mobile phones, point of sale devices and other wireless handsets operating over existing networks. SourceTrace has partnered with financial services organizations throughout Mexico, Central America, Asia and Africa to help enterprises serve vast new markets—without the expense of opening new offices or keeping a large staff in the field. When fully deployed, SourceTrace’s solutions will connect tens of millions of “unbanked” and other “unconnected” people, primarily “bottom of the pyramid” poor and low-income people in rural areas, with the companies that provide them services by making transactions easier, more secure and less expensive.

World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. The Forum is funded by its 1,000-member companies, with each member company having annual revenues of at least five billion U.S. dollars and ranking amongst the top companies within its industry and/or country. The Annual Meeting of the World Economic Forum in Davos is host to the Chief Executive Officers of the largest companies in the world as well as to Prime Ministers and Presidents of countries around the world.

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Dayna Clark
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