Intelligroup will develop a flexible and configuarble Java infrastructure that is easily installed and integrated with legacy applications and new technologies, a press release said.

ThinkingCAP, formed by a management team from the US-based investment bank D E Shaw & Co, LLP, is financially backed by the US-based AP Technology Partners LLP, which is one of the largest private equity funds in the world.This partnership which includes development, integration and deployment of a solution, is targeted at customers who primarily include large banking, insurance, manufacturing and infrastructure industries, said Mr MDS Bosco, COO of Intelligroup Asia. Intelligroup, with a turnover of $186 million for the year 1999, is the world's only company which has SW-CMM Level 5 certification for software development.