UST's Idea Management System and 'Open Minds' is a collaboration space on the Web. Forrester Research, in its "Maximising Innovation from ERP Service Providers; Insights from Nasscom 2010" report, noted that: "Companies like UST allow their employees to spend part of their time in a research lab, developing user cases for new technologies." UST won the ‘Most Innovative Emerging Corporation Award’ at the International Business Awards 2012 held in New Delhi. The Kerala state government on 6 November 2017 inked an MOU with UST along with Intel for exploring the possibility of transforming the state into an electronic hardware manufacturing hub. Acquisitions UST invests and acquires companies. In January 2004, UST acquired Inc. In March 2012, Andare, a mobile applications company, was acquired by UST. In January 2014, the company acquired Testhouse Consultores S.A., the Spanish arm of UK-based Testhouse Limited. In May 2014, UST acquired Kanchi Technologies, a Milwaukee-based engineering company, and Xpanxion, a technology firm. Xpanxion provides cloud-based business application development, mobile application development, software testing services, and technology and business consulting. In July 2014, UST invested in xTV, an online TV platform, and acquired Renaissance Solutions, a Singapore-based recruitment specialist. In April 2015, UST acquired FogPanel to boost cloud infrastructure management. In September 2017, UST invested in MyDoc, a Singapore-based digital healthcare firm, to drive population-wide digital health programs, including disease management and health data tracking. In January 2018, Cyberpoof, a cybersecurity company of UST, acquired Bisec, an Israeli startup that created a platform to help security teams collaborate. The following month, UST acquired American technology startup and Gartner Cool Vendor, Pneuron in an effort to improve its data analytics services. In September 2018, UST acquired SeviTech Systems, a chip design services firm based in Bengaluru. In October 2019, the company acquired SCM Accelerators to help grow its SAP business. In November 2019, UST acquired Contineo Health, a healthcare technology consulting firm that specializes in electronic health records (EHR), ComplyUSA, a compliance assessment and privacy automation platform, and AI startup, Cogniphi Technologies. In December 2019, Necsia Cybersecurity Division was acquired. The company is a security provider in Spain and the security division of Necsia Group, specializing in cybersecurity and digital transformation services. The company was merged into the CyberProof security services portfolio after the acquisition. In June 2020, UST invested €1.3 million in Ksubaka, a UK-based startup. The portfolio includes gamified tools to engage and keep customers