Realising IT

Companies plan to dole out big bonuses this year

2010-08-28T22:41:00.000-07:00

When your moneybags are full, your aspirations get a booster dose; so do their hopes. Marketers around the country are giving last minute touches to their plans to woo you with their goodies this festival season—and why not?

The party just got bigger this year, after three years of calm. Companies are claiming they will shower their employees with bonuses and increments as they move into higher profit zones, and you are probably more confident as a buyer than ever before.

At the country’s biggest retailer, Future Group, 24 hours in a day seem too less for the employees these days. The production, operations and marketing teams are working overtime to meet festival season deadlines. Unlike the organisers of the Commonwealth Games in Delhi, they cannot afford last-minute makeovers. They also can’t leave snags and pass the buck around. This is one opportunity they just can’t miss.

Rajan Malhotra, president (strategy) for the group, which owns retail brands such as Pantaloon, Big Bazaar and Food Bazaar, sounds confident. He has planned higher volumes of merchandising and inventory to back this bullish sentiment.

Malhotra’s optimism stems from unexpected high volume sales in Kerala during Onam last week, which he believes will replicate during the festivals in other parts of the country, over the next three-four months.

He also expects more companies to dole out bonuses and increments to their employees this year than the past two years.

“All that will enthuse the consumer to spend more, especially on high value products,” he says. If Malhotra’s assessment is correct, fast moving consumer goods (FMCG) and consumer electronics firms, jewellers and carmakers, among others, are moving into the fast lane.

Agrees Sudhanshu Vats, vice-president of the home and personal care division of Hindustan Unilever, India’s biggest FMCG firm.

“We expect consumer sentiments to be robust and bullish this festive season unlike the past two years when emotions were circumspect,” he says. The Indian arm of Unilever Plc is expecting 40% year-on-year sales growth during this year’s festival period. “We have geared production to meet the demand pull, both from urban and rural markets,” says Vats.

Seasonality in consumer buying behaviour has changed over the past few years with premium or even middle-class consumers no more waiting for the festival season to make purchases.

But consumers of mass products such as refrigerators or flat screen TVs wait for an auspicious period, especially in tier II and III cities, and that form the bulk of the market.

So, production is being ramped up at India’s biggest consumer electronics and home appliances maker, LG Electronics India. Says LK Gupta, the company’s chief marketing officer, “This is indeed a revival, with a growth of 30% after two years of circumspect spending by consumers. Salaries are rising and businesses are looking up.” Such claims by India’s top marketers may not be unfounded.

A quick survey by SundayET and consulting firm Manpower has revealed that 56% of India Inc are planning to give out bonuses this year—in the range of 10-27%. As high as 80% of the companies said their employees can expect an increment. Increments will range anywhere between 7-15%.

This wasn’t the case in the last two years, when a US-triggered recession had a rub-off effect in India. While some companies pruned workforce and cut salaries, some others decided not to give out increments and bonuses. Needless to say, this had a major impact on consumer spending.

Google buys Aardvark 'social search' service

2010-02-12T00:54:00.000-08:00

Internet giant Google has bought Aardvark, a "social search" service that relies on a user's contacts to provide answers to questions.

"I can confirm that we have signed an agreement with Google," Aardvark co-founder and chief technology officer Damon Horowitz said. "We can't comment further at this time."

Technology blog TechCrunch put the purchase price at around $50 million.

San Francisco-based Aardvark was founded in 2007. Its co-founders include former members of Google.

Aardvark uses the contacts in a person's network to provide answers to questions via the Web at Vark.Com, instant messaging, email or Twitter.

In a recent blog post, Aardvark said it had more than 90,000 users in October 2009 and 87.7 per cent of the questions sent to Aardvark received answers from a friend or a friend of a friend.

Aardvark said 75 per cent of the users who asked Aardvark a question also answered a question for someone else.

The company boasts a technical team of "over 20 people, including engineers from each of Silicon Valley's major technology companies" and its website lists several job vacancies.

Google chief executive Eric Schmidt said in a conference call with analysts last month that the Mountain View, California, company planned to acquire about one company a month this year.

Siemens makes India R&D hub

2010-01-31T01:46:00.001-08:00

Siemens AG, a global powerhouse in electronics, electrical engineering and health care, is making India a major hub for research and development of medical diagnostic tools, using Computer Aided Design (CAD).

The US-based Siemens Medical Solutions, which established a CAD Group in 1995, had over 60 per cent of its engineers and scientists working in Chennai and Bangalore, said Arun Krishnan, head and co-founder of CAD Group, Siemens Medical Solutions. The CAD Group employs over 100 engineers and scientists, who work together with various information technology and other diagnostics research projects of Siemens Healthcare.

It had 150 research and development locations in over 30 countries around the world, employing over 32,300 people. The Germany-based company spent over ¤3.8 billion in a year on R&D, he said.

The CAD Group will hire more scientists and engineers in the near future on a project to project basis, said the scientist, who was honoured as ‘Inventor of the Year 2009’ by Siemens. A scientist with more than 59 inventions and 21 patents to his credit, Arun Krishnan said his CAD Group has so far developed seven CAD-aided imaging tools , used in digital chest X-Ray machines, CT scanners, mammography and virtual colonography to accurately detect breast cancer, colon cancer, lung cancer and clots in the lungs.

Further, the Group is working on four more next-generation imaging tools, with CAD as the mainstay.

“In future, diagnostics imaging software will provide doctors with accurate data on the disease and its condition, analyzing the disease history of the patient, than just offering an image to the doctor. We are also working on such projects,” he said.

TCS, Infosys and Wipro hiring staff as US demand grows

2010-01-20T06:25:00.000-08:00

Country's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the US, send more work offshore to cut costs as they emerge from the downturn.

Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 per cent last quarter, together adding 16,701 employees, company documents show _ an early sign that the Great Recession may ultimately benefit India as cost-conscious companies outsource more work, just as they did after the dot-com bust.

``Our expectations are for flat to marginally stronger IT budgets with a greater share of offshore spend,'' Wipro chairman Azim Premji said in a conference call Wednesday. ``Our customers remain focused on cost reduction.''

The employment revival in India's outsourcing sector, which counts on the US for about 60 per cent of global sales, comes as unemployment in the US stagnates around 10 per cent _ near a 26-year high. Inflation-adjusted wages in the US last year fell 1.6 per cent, the biggest decline since 1990.

``When there is a downturn the compulsion to control costs increases,'' said Dipen Shah, an analyst at Mumbai's Kotak Securities. ``The demand for offshoring will increase. That will play to the advantage of Indian IT companies.''

He argues that the cost savings from offshoring has helped US companies survive _ and that's good for the American worker.

``You might say jobs in the US are getting displaced by jobs in India, but because of the value provided by Indian companies and lower costs, there are firms who are able to keep their heads above water and continue to employ their existing employees,'' he said.

TCS, Infosys and Wipro, which can do everything from call center management and claims processing to software development and consulting, all reported stronger than expected results for the December quarter. Revenues and volumes grew, signaling that the cost-cutting imperative of this last, lean year may be over for India's $60 billion software services industry.

After about a year of hiring slowdowns, all three companies are sweetening compensation as the fight to hold on to talented employees in India heats up.

Infosys offered its employees an average 8 per cent pay hike in October, their first raise since April 2008, and executives said last week they are considering another raise to combat rising attrition.

``The market is heating up and we want to retain talent,'' human resources director Mohandas Pai told reporters.

Infosys last week raised its gross hiring target for the second time this fiscal year, to 24,000 people.

Wipro executives said they plan to offer staffers a raise in February.

Tata Consultancy Services has paid out 150 per cent of performance-lined pay _ which amount to 20 to 45 per cent of compensation _ for the last two quarters, and executives say they will raise salaries next quarter, after a year-long wage freeze.

As demand for workers revives, employers have begun to worry about rising staff turnover. Employees who sat tight during the downturn have started to shop around for better jobs and better salaries.

Attrition at Wipro jumped to 13.4 per cent last quarter, up from an average of 8.9 per cent over the prior three quarters. Attrition at Infosys rose to 11.6 per cent last quarter from 10.9 percent the prior quarter. Attrition at TCS has been stable, at around 11.5 per cent, though executives say they expect that number to rise.

Indian firms say they are increasing global hiring, including in the US, as they pursue higher-end work like consulting. But US employees remain a fraction of total staff.

TCS, for example, recently finished hiring 250 Americans for its Cincinnati campus, but US employees still account for less than 0.5 percent of the company's global workforce.

TCS firms up on stellar Q3 results

2010-01-18T07:39:00.000-08:00

TCS closed a Rs 799, stronger by Rs 7 or 0.9%, on the BSE.

The stock had opened at Rs 801 and touched a high of Rs 816 and a low of Rs 793 during the day.

A total of 6.07 crore shares were traded on the BSE as against the two-week average of 5.33 crore shares.

Tata Consultancy Services has moved up after beating market expectations by posting a 33 per rise in net profit as against consensus estimates of 20 per cent. The stock is trading at Rs 804, higher by Rs 12 or 1.6%, on the BSE. The stock opened at RS 801 and has touched a high of Rs 816 and a low of Rs 793 thus far.

India’s largest IT services provider's net profit soared to Rs 1,824 crore for the quarter ended December 31, 2009 compared to the same period a year ago. Its revenues, too, jumped 5.1 per cent on strong volumes of 6.6 per cent to touch Rs 7,649 crore on a year-on-year basis.

On a sequential (quarter-on-quarter) basis, TCS’ net profit rose 11.1 per cent, while revenue jumped 2.9 per cent. In dollar terms, TCS performed even better; revenue was up 10.3 per cent year-on-year and 6.3 per cent sequentially, while net profit rose 38.9 per cent year-on-year and 14.2 per cent quarter-on-quarter.

Three IT firms bag $600 mn WalMart deal

2009-12-04T00:34:00.001-08:00

Walmart has selected three IT vendors in India — Infosys Technologies, Cognizant Technology Solutions and UST Global — for multi-year contracts worth over $600 million (around Rs 2,750 crore).

The amount is roughly equivalent to the value of goods — textiles, handicrafts and other products — that the world's largest retailer sources from India every year.

This development is expected to boost the IT outsourcing landscape in India, given that Walmart typically prefers to develop its retail applications in-house. Walmart gradually started buying packaged retail applications from leading software vendors such as Oracle, HP and SAP only towards the end of 2007. It had, however, given Infosys and Cognizant pilot projects about five months ago.

Initially, the three vendors are expected to earn Rs 250 crore to Rs 300 crore, each, annually. The figure is set to grow as Walmart increases outsourcing of work from its main merchandising division. Infosys and Cognizant are expected to garner a larger share of the pie between them.

“What is more important is that these three vendors have now got a ticket to be in the club of Walmart's list of preferred vendors which will help them in growing this account in the long-run,” said a source close to the development.

According to the contract, Infosys and Cognizant will be responsible for application development and support, while UST Global will be responsible for specific testing of these applications.

Asked about the deal, Infosys and Cognizant declined to comment. “As a policy, we do not comment on speculation in the marketplace,” spokespeople from both companies said. A UST Global spokesperson in India said the company does not comment on any client specific information as “we have non-disclosure agreements with most of our clients”.

UST Global is part of the $6 billion US-based business conglomerate Comcraft Group, with a major presence in India.

Walmart's media relations director John Simley replying to an e-mailed query said: “We have a large and growing business and productive relationship with many Indian companies. We do not comment on speculations about the nature of any business relationship.”

Walmart, the largest private employer and grocery retailer in the US with revenues of $404 billion (2009), selected the vendors after a competitive bidding process in which most Indian IT services companies participated, except TCS, India’s largest IT services firm.

TCS failed to qualify for the bid because it has an exclusive partnership with Target, another American retailer, who is into direct competition with Walmart. Among the bidding companies, Walmart shortlisted six contenders of which three were finalised based on their level of competency in various processes.

Unlike other retailers, Walmart does not want to open its own captive centre in India, even though the company has established a huge sourcing office in Bangalore sometime back.

Some of the world’s leading retailers like Tesco, Target and Supervalu have their own software development centres in India. Tesco’s Hindustan Service Centre which went live in May 2004, employs close to 3,000 people. In 2006, Supervalu which is the third-largest grocery retail chain in the US, also set up a captive development centre in India for new applications development, technical operations and testing of applications.

Microsoft to launch Azure cloud service January 1

2009-11-18T02:11:00.000-08:00

Microsoft Corp said on Tuesday it will launch its long-awaited Windows Azure cloud computing system on Jan 1, as it looks to take
advantage of the growing interest in internet-based software and services.

Azure, which provides an online platform for software developers to create their own programs, and space for customers to store data, was rolled out for experimentation a year ago.

The service will go fully live at the beginning of next year, Microsoft's chief software architect Ray Ozzie told the company's annual software developers conference on Tuesday.

The first month of the service will be free, and billing will start in February, said Ozzie.

Microsoft is expected to be a big player in the cloud computing market -- broadly the trend toward running software in remote data centers
and accessing it over the Internet -- but has lagged behind pioneering rivals such as Amazon.com Inc, which already sells cloud-based storage, and Google Inc, which offers a range of free, online software.

TCS to form business alliance with Dow

2009-11-13T00:38:00.000-08:00

Tata Consultancy Services (TCS), an IT services, business solutions and outsourcing organisation, announced plans to form an innovative business alliance that will provide critical business services to Dow, a diversified chemical company, its subsidiaries and joint ventures.

The alliance is an expansion of an existing relationship between Dow and TCS, combining Dow’s leading chemical industry knowledge and operational discipline with the service delivery expertise of TCS.

“This strategic partnership will make our already lean and efficient corporate centre even more so, by supporting a business services model that delivers world-class capabilities at an estimated 30 per cent savings,” said Dave Kepler, Dow executive vice president of business services. “This innovative approach uses a variable staffing model, centralises activities and maximises efficiencies to meet evolving business needs.”

As part of this alliance and global network, Dow and TCS also are announcing plans to build a new strategic services centre near the site of Dow’s global headquarters in Midland, Michigan, subject to the approval of state and local incentives. Plans are underway to begin construction on a new facility in the next year, with the first phase of the build-out designed to accommodate 1250 employees. This effort will support the local economy through the creation of new jobs. In addition, TCS plans to expand its service offerings beyond Dow in the future, creating a service valley in central Michigan.

IT News for this week

2009-05-28T23:42:00.001-07:00

News: Citigroup to stay with TCS, Wipro, drop Infosys
Detail: Infosys could see around $25 million of its annual revenues from Citigroup go to rivals like TCS and Wipro

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News: Infy eyes $250 mn BP deal as BT revenues shrink
Detail: At a time when revenues from its top customer BT are dwindling, Infosys is chasing new contracts worth $100-250 mn from BP

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News: Infosys seeing good demand in India, Middle East
Detail: Infosys Technologies is seeing good outsourcing business opportunities in India and the Middle East, a senior official said, as a global economic downturn crimps spending in developed markets

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News: Wipro sees Mideast as a main growth area
Detail: Areas of growth in the Middle East include telecoms and the banking and government sectors, said Premji

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News: STPI withdrawal may hit Infosys, Wipro net profit
Detail: The SEZ policy of the government provides five-year tax holiday for the IT units, followed by gradual taxation after the fifth year

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News: Wipro warns of adverse business impact due to WB disclosure
Detail: World Bank had made a disclosure nearly four months ago that Wipro was ineligible to work with the international lending institution

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News: Bharti, Infy, TCS, Wipro among world's top tech cos
Detail: The ranking showcases companies that managed to thrive even in the face of a bruising global recession

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News: Infosys to hire 1,000 people in US
Detail: Indian software firm Infosys plans to hire about 1,000 people in the US in the next 12 to 18 months amid a gloomy job market

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News: Premji takes pay cut, but hike for others in Wipro
Detail: Wipro had paid a total remuneration of $3,28,556 to its Chairman in FY-09

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News: Wipro honchos get big perks; but salaries dip
Detail: Commissions and incentives dominate Wipro senior management’s paychecks in the just-concluded fiscal - or so it seems

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News: Each Infosys employee worth Rs 97 lakh!
Detail: Infy's total value of human resources including software professionals and support staff is pegged at Rs 1,02,133 cr for FY09

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News: Infosys to cancel home loan facility
Detail: Infosys is planning to withdraw its home loan facility for employees with effect from July 1, according to an internal mail from the company

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News: TCS bags 5-year IT contract from Volkswagen
Detail: TCS will support the group in its business transformation programme to meet its aim to sell more cars, more parts and drive down costs

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News: Revenue per staff dips for TCS, Infy, Wipro
Detail: Revenue per employee for Infy and TCS has taken a sharp plunge to $40,000-odd levels from around $50,000 even an year ago

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News: Wipro bags outsourcing deal from Unitech Wireless
Detail: Wipro Infotech will provide a range of information technology services to Unitech Wireless, in which Norwegian telecom group Telenor holds a stake

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India IT News for this week

2009-04-23T02:43:00.000-07:00

News: HCL unlikely to make campus offers
Detail: To save on the cost of training, one of the leading domestic software exporter HCL Technologies said it will hire people 'just in time' of requirement rather than maintaining a bench

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News: Salary freeze at Wipro, campus hiring depends on business
Detail: Wipro has freezed salary increase for the current financial year and gave no commitment on campus hiring

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News: Infy defers hiring plans for engg grads by 6 mths
Detail: Infosys Technologies, has postponed its hiring plans for engineering graduates this year by almost six months

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News: Watch out for a sudden online UK job offer
Detail: Unsuspecting Indian engineering grad are falling prey to new racket offering jobs in UK

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News: Satyam staff still worried over layoffs
Detail: Corporate India might be cheering the speed at which Satyam Computer is being put "on the road to recovery", but the IT giant's 50,000 employees aren't still entirely at peace

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News: CA to hire 1,000 professionals in India for R&D
Detail: The company had in 2007 announced an investment plan of $30 million to set up an R&D facility in Hyderabad

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News: Indian IT industry may cut 75,000 jobs this year
Detail: Indian IT industry stresses more on performance issues since downturn began in US & is likely to see 75, 000 job losses by 2009 end. Layoffs around world | Job-cuts

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News: Scattered layoffs in IBM can touch 4,600: Report
Detail: IBM, however, had said last week that its workforce in Brazil, Russia, India and China has climbed to 1,13,000

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News: IIT, IIM pass outs turn towards PSUs
Detail: Revised pay structure has made PSU jobs more attractive at a time when the private sector is cutting salaries

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News: TCS likely to lay off 1,300 staffers
Detail: TCS is likely to lay off less than a percent of its global workforce over the next few months

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News: IT companies using PIP to rationalise workforce
Detail: IT majors are downsizing using a weapon that’s been in their arsenal all along, the Performance Improvement Plan

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News: Wages at IT multinationals start melting down
Detail: Software multinationals in India have begun freezing wage increases, slashing salaries and postponing merit-based hikes

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News: 1 lakh Indians will return from US in next 3-5 years
Detail: The study warns move will greatly boost India's economy and undermine technological innovation in America

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News: Microsoft's reply to Grassley on H-1B visa
Detail: Full text of MS' response on plans for retaining visa program staff after job cuts

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News: Microsoft cuts temporary workers' rates by 10%
Detail: MS, believed to use somewhere between 40,000 and 60,000 contract workers worldwide, is slashing overtime, hours and pay

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IT export target of $50 bn will be delayed: NASSCOM

2009-04-21T04:33:00.000-07:00

IT industry association NASSCOM today said the export revenue target of 50 billion dollar by 2010 will be delayed by 3-4 quarters due to the global economic downturn, and warned of uncertainties in the near future.

The NASSCOM-McKinsey, however, presented an ambitious scenario for the Indian IT industry for the next 11 years saying the total revenue from export is expected to expand to 175 billion dollars by 2020 and revenues from the domestic market could achieve the 50 billion dollar mark.

"This, however, needs a concerted effort by both the industry and the government to ensure swift and sustained reforms in critical areas of education and infrastructure," NASSCOM said.

On the economic scenario, the organisation said the "global economic crisis will have far-reaching and as yet uncertain impact on the industry. Near term volumes and pricing is likely to come under pressure."

Commenting on the opportunities for the industry, Som Mittal, President, Nasscom, said, "The Indian IT industry is in the midst of unprecedented times because of the current economic environment. We expect the next few quarters to be extremely challenging with companies doing everything required to effectively overcome the challenges."

NASSCOM is of the view that the 2020 business landscape would be different from the one that was witnessed in the last decade as now it would be driven by global megatrends.

There are likely to be new verticals in the public sector, healthcare, media and utilities (which have adopted global sourcing only to a limited extent) along with new customer segments in the small and medium businesses.

"These new opportunities will result in export revenues of 175 billion dollar by 2020. On the back of these megatrends the Indian domestic industry too will experience significant growth and record a four-fold increase in revenues from 12 billion dollar in 2008 to 50 billion by 2020," it said.

"80 per cent of the incremental revenue growth by 2020 will be driven by opportunities outside of the current core markets, verticals and customer segments and the industry needs to redefine its value proposition to capture these," Mittal said.

The NASSCOM-McKinsey report said that India has been the destination for global sourcing over the last 10 years and has garnered a 51 per cent share of the industry today. India continues to be the most competitive among 25-30 low-cost locations even today.

TCS declares 70% dividend to preferential shareholders

2009-04-21T04:31:00.000-07:00

The country's top software exporter, Tata Consultancy Services, today said it would pay a 70 per cent dividend to its preferential shareholders.

Its board has approved a dividend of Rs 0.70 on every redeemable preference share of one rupee each, TCS said in a filing to the Bombay Stock Exchange.

The company would seek approval of shareholders for the same in its annual general meeting, it further added.

Yesterday, the Tata Group firm had reported a seven per cent growth in its net profit at Rs 1,333 crore for the fourth quarter ended March 31.

The profit for the entire fiscal, which saw the fortunes of many a company being hit towards the second half in the wake of one of the worst global financial crises, increased 4.57 per cent to Rs 5,256 crore. Its revenue grew 23 per cent Y-o-Y to cross $ 6 bn milestone.

The board has approved a bonus issue of 1:1 or one equity share for every share held.

Besides, it has declared a total dividend of Rs 14 per share, including Rs 5 as final dividend, for fiscal 2008-09.

Satyam: IBM, WL Ross tie-up buzz gets stronger

2009-04-02T11:16:00.000-07:00

Scam-hit company may prune revenues by 10-15%.

Even as the shroud of secrecy over the bidding process for Satyam Computer Services stays, the buzz around two independent bidders — IT giant IBM and Wilbur Ross & Co, the private equity (PE) firm promoted by billionaire investor Wilbur Ross — joining hands has grown stronger over the past couple of days.

The buzz refuses to die down even though other PE players, investment bankers and analysts say such an alliance is highly unlikely.

“IBM and WL Ross entering into an agreement is not possible, as IBM is a listed company and cannot do something like this. But WL Ross may look at selling to IBM if it is successful in getting Satyam,” said a banker not connected with the case.

On the litigation issue, he said, “Litigation is not a big issue for WL Ross and there is a perception that they will be able to find their way out of the litigation maze. The idea is to buy Satyam and stay invested for three-four years, work on it by getting a new management, and then sell to a player like IBM. In all probability, they may be working with IBM on this,” a leading PE player said on condition of anonymity.

While IBM (which is understood to be in the race through a law firm) said “it does not comment on speculation”, a highly-placed source in the company said, “IBM has traditionally never joined hands with funds to make an acquisition”. Besides we have a lot of cash to go alone, he added.

Wilbur Ross, meanwhile, is understood to have completed the due diligence of the scam-tainted IT company. When contacted, a company official declined comment.

Ross, known for restructuring failed companies, specialises in leveraged buyouts. He first invested in India in 2006, when he put $37 million in OCM India. His second investment was $100 million in SpiceJet in August 2008.

Satyam, incidentally, is expected to prune its revenues by 10-15 per cent before it announces its audited results for the current financial year, according to sources privy to the development.

The IT outsourcing firm’s revenues for the second quarter of FY09 stood at Rs 2,819.29 crore, as against Rs 2,031.72 crore in the corresponding quarter last year, a year-on-year growth of 39 per cent.

The government-appointed board of Satyam has sought an extension till June 30 to disclose the company’s third quarter (October-December) results, which are currently being restated following the accounting scam that broke out in January this year. “An approval from the exchanges is expected anytime now,” said a company official.

“The action has now shifted to Mumbai from where the Satyam board members, along with the company’s investment bankers, Goldman Sachs and Avendus Capital, are participating in the process through virtual conferences,” said a source from Satyam. The bidders for Satyam can inspect the documents virtually, using video conferencing and the internet through Satyam “data rooms”.

IBM continues to invest in strategic acquisitions

2009-03-10T09:38:00.001-07:00

IBM Chief Executive Samuel J Palmisano in a letter to the shareholders noted that the company is taking a different approach in the current global economic slowdown.

"We are not looking back, we are looking ahead. We are continuing to invest in R&D, in strategic acquisitions, in growth initiatives -- and most importantly, during these difficult times, in our people," said Palmisano, who is also the chairman and president of IBM.

IBM is reportedly interested in acquiring a majority stake in Indian software exporter Satyam Computer Services, whose founder and chairman B Ramalinga Raju confessed to an over Rs 7,800-crore fraud in the firm.

The crisis-ridden Satyam is in the process of selling a 51 per cent stake in the company.

When asked whether the firm is in the race for Satyam, a spokesperson for IBM said it is the company's practice "not to comment on rumour or speculation".

Meanwhile, Palmisano in the letter said that many companies are reacting to the current global downturn by drastically curtailing spending and investment, even in areas that are important to their future. "We are taking a different approach," he added.

MphasiS defies slowdown, posts 4-fold rise in net

2009-02-27T07:54:00.000-08:00

MpahsiS Group, Indian software services subsidiary of global technology major Hewlett Packard, riding on improved efficiencies has reported four times jump in net profit to Rs 210 crore for its first quarter ended January 31, 2009 as compared to corresponding quarter of last year.

MphasiS operates a November - October accounting year. MphasiS has reported a topline surge of 58 per cent to Rs 977 crore as its boosted its volumes effectively. Operating profit also shot up nearly 4 times to Rs 210 crore as synergies of leveraging HP global network started to flow in.

On a sequential quarter, the net profit was up almost 15 per cent, while the topline moved by a little over 9 per cent. During the last quarter ended January 2009, MpahsiS added 9 new clients including 6 relationships from HP.

"The MphasiS team moved has produced good results after careful planning in the last few quarters, keeping out costs down and aggresively seeking business across all sales channels. In today's challenging market, we will intensify our focus on operational excellence and productivity enhancement," said Ganesh Ayyar, CEO, MphasiS.

The company added a total of 1,193 people during the quarter taking the total headcount to just short of 30,000.

IBM still considers Satyam a worthy competitor

2009-02-27T07:52:00.000-08:00

It may have been rocked by the country's biggest-ever corporate fraud, but Satyam Computer still figures among the companies considered worthy rivals to global technology giant IBM.

In its annual report filed with the regulator for 2008, New York Stock Exchange-listed IBM has said that Satyam, along with two other Indian IT majors, Infosys and Wipro, are among its main competitors in various business segments.

Incidentally, days before admitting financial wrongdoings at Satyam, its founder B Ramalinga Raju had told the company's board in a December 16, 2008 meeting that he feared a hostile takeover bid of the IT firm by global players like IBM.

After Satyam's aborted bid to acquire two Maytas firms, IBM's name had also figured among the possible suitors for the Indian IT firm, but had been denied by the US company. Later in January, Satyam board was superseded by the government and is currently on the lookout for a new owner.

In its annual report, filed earlier this week with the US Securities and Exchange Commission (SEC), IBM said Satyam Computer and Wipro Technologies are among its competitors as they target customer groups similar to its Global Technology Services segment.

"Indian service providers, including Satyam Computer Services and Wipro Technologies (Wipro), are moving to offer managed infrastructure services, targeting similar customer segments to GTS," IBM stated.

Indian H-1B visa techies in US may lose jobs in Microsoft

2009-01-27T00:27:00.000-08:00

Indian IT professionals working for Microsoft Corp in the US could be among those who lose jobs after it announced plans to sack 5,000 employees with the software giant indicating some of the affected would likely be non-Americans amid calls to first target foreigners working on H-1B visas.

The world's biggest software company has been asked by an influential Republican Senator from Iowa Chuck Grassley to first fire foreign workers hired on H-1B visas, a majority of whom are Indians, while implementing the layoff plan and "protect" the jobs of Americans.

An indication that foreigners who also include Indians could be targetted during the layoffs came when a Microsoft spokesperson in a statement said, "We care about all our employees, so we are providing services and support to try to help every affected worker, whether they are US workers or foreign nationals working in this country on a visa."

The company has been in the forefront for expanding the H-1B visa programme, a temporary visa programme that lets American companies and universities hire thousands of foreign workers in a category considered by the government requiring specialised skills.

Dashing off a letter to the company after it recentlly announced its intention to slash the workforce by 5,000 in the next 18 months, Grassley voiced concern that this would result in American workers losing jobs and not the foreigners hired on H-1B or L visas.

"During a layoff, companies should not be retaining H-1B or other work visa programme employees over qualified American workers," Grassley said in the letter to Microsoft Chief Executive Steve Ballmer.

Microsoft is one of the major beneficiaries of H-1B work visa programme, which is mainly for overseas professionals. A majority of the 60,000 professionals given H-1B visa every year are from India.

'Satyam has 13,000 ghost employees'

2009-01-23T01:36:00.000-08:00

FDs also fake, prosecutors tell court.'

Contrary to the claims of former Satyam Computer Services Chairman B Ramalinga Raju that there were 53,000 associates in the company, only 40,000 exist on the rolls. Raju made this confession to the Andhra government's Criminal Investigation Department (CID) during the four-day police custody, which ended today, public prosecutors Ajay Kumar and Gangaraju Prasad told the Nampally court today.

The prosecutors made these disclosures as part of their request to the court to extend police custody of Raju brothers and former chief financial officer Srinivas Vadlamani by two days. The court, however, extended custody by a day.

Raju also admitted to fudging accounts, manipulating records, transferring shares and conducting of fraudulent transactions in other people's names (benami transactions), according to the public prosecutors.

They added that the four days given for custodial interrogation was not enough as some time was lost for breakfast, lunch and medical examinations of the accused. As a result, the interrogation — monitored by a closed circuit TV — remained inconclusive, which is why they needed an extension of custody.

The prosecutors said the accused have admitted to at least 400 benami transactions, apart from floating companies in fictitious names. They added that Ramalinga Raju admitted to having transferred shares to his brother Suryanarayana Raju and mother Appalanarsamma. The company's fixed deposits of Rs 3,300 crore, too, were fictitious.

Overall, the prosecutors said, the accused had also diverted Rs 20 crore a month for five years.

However, the big question — where the money had gone — remained unanswered. The prosecutors also did not rule out insider trading. Also, the accused had bought hundreds of acres of land, another possible pointer to where the money siphoned out of Satyam could have been diverted. The police was also gathering details on Akula Rajaiah, who allegedly brokered land deals between Ramalinga Raju and villagers.

The accused were also likely to have been behind a forged HDFC Bank statement, the public prosecutors submitted before the judge. HDFC Bank’s Basheerbagh branch had clarified to the police that it had not issued any statement to Satyam. The CID now needed to establish who forged the bank letter, the public prosecutors said, adding that the CID has written to six other banks to provide details of Satyam transactions, and the police was expecting a reply from them shortly.

The CID, the prosecutors noted, has seized some documents, laptops and other evidence but were yet to study these and question the accused on them.

Meanwhile, on the public prosecutors’ statement that HDFC Bank’s statement was forged, advocate Bharath Kumar — who represents Ramalinga Raju — admitted that the matter under investigation. He, however, said various agencies like the Registrar of Companies, Sebi, and the CID seized related documents and computers on January 11 but the police has not made any effort to call the documents from them to confront the accused during the interrogation. The defence counsel also denied any connection between land broker Akula Rajaiah and the accused.

The defence counsel said the police interrogated Vadlamani only for an hour everyday during the four-day custody. Searches were also conducted at his house and some documents were seized but the police had not confronted Vadlamani with the evidence. They argued that everything that needed to be seized had been already seized.

“The public prosecutors’ accusations that money has been diverted from Satyam to other businesses of the promoter family was playing to the gallery. They did not take any position on the accusations in the plea for extending the custody,” said Kumar, claiming further that the reports of diversion of funds by Ramalinga Raju “was the work of fiction by the media”.

He added that the police has not questioned Ramalinga Raju and his brother Rama Raju about any diversion of funds or employee strength and that the Raju brothers had not made any admission on these issues.

Satyam fudged FDs, has 40,000 employees: Public prosecutor

2009-01-22T00:03:00.000-08:00

The public prosecutor on Thursday said that Satyam fudged FDs and diverted Rs 20 cr every month on fictitious employee names. The company has 40,000 employees and not 53,000 as mentioned earlier.

He said that hundreds of acres of land were bought on benami accounts. HDFC accounts were also found forged.

It was reported in Mumbai Mirror today that Satyam's ex-Chief Financial Officer Srinivas Vadlamani has given a new turn to ongoing investigations by confessing to having created around 10,000 artificial jobs in the company.

He told CID officials interrogating him that this helped in drawing around Rs 20 crore per month from the related but fictitious salary accounts. Though Srinivas claimed that the fake jobs were created from 2004 onwards, CID officials are looking into Satyam’s history right till 2001.

A source close to the investigations said that even the firm’s founder B Ramalinga Raju, while being interrogated at Masab Tank, confessed to having not only diverted Satyam money to Maytas Infra and Maytas Properties, but also invested in lands in Hyderabad and Visakhapatnam.

In fact, the Company Law Board directed Raju and four others on Wednesday not to sell shares and other properties without its permission, apparently worried that they might liquidate assets.

To prevent the erstwhile top brass in Satyam from making gains by siphoning of public funds, the Company Law Board (CLB) on Wednesday restrained Satyam's founder B. Ramalinga Raju, his brother B. Rama Raju, former CEO Rammohan Rao Mynampati, CFO Srinivas Vadlamani and company secretary G J Jayaraman from selling or mortgaging their assets without the court's permission.

Wipro Q3 up nine per cent

2009-01-22T00:00:00.000-08:00

Indian No.3 outsourcer Wipro Ltd met expectations with an 8.7 percent rise in quarterly profit, but gave a downbeat outlook as its
Western clients clamoured for lower prices, sending its shares down.

Wipro forecast its information technology services revenue, including from its acquisition of Citi Technology Services, at 1.05 billion dollars in the current quarter, down seven percent from the October-December period.

Talking to reporters here on Wednesday, Wipro Chairman Azim Premji said, "It is clear that 2009 will be a tough year. Consumer confidence is down significantly and leading indicators such as world economy is still not bottomed out. This will affect economic activity leading to capital conservation and revenue reductions and opex reduction and cost reductions."

Wipro had earlier said Nortel, which last week filed for bankruptcy protection, contributed less than 1.5 percent to its IT revenue and it expects a major portion of its business with it will continue.

Wipro's earnings follow results from No. 2 exporter Infosys Technologies, which beat profit expectations but still trimmed its annual revenue forecast, while sector leader Tata Consultancy Services' profit lagged forecasts.

Ex-Satyam BPO chief in contention for CEO post

2009-01-19T01:38:00.000-08:00

Even as the buzz around Vivel Paul's candidature as CEO is still doing the rounds at Satyam Computer Services, insiders say the government is considering a person who was an integral part of the company till three months ago.

The name of Venkatesh Roddam, former CEO of Satyam's BPO subsidiary Nipuna, is being seriously considered, since Paul is not keen to return to India, according to highly-placed sources. The search for a CEO has been following founder Ramalinga Raju's disclosures of financial fraud January 7 and his subsequent arrest.

Roddam, who is taking a break from corporate life and lives in Hyderabad, said: "I'm not too sure what is happening. I am getting calls from close friends and relatives who are asking me about this."

Roddam did not, however, offer a direct reply when he was asked if he was interested in the post but suggested he was not averse to it either. "It is a fantastic company to work with. It's an interesting and challenging role. They have a competent board now, to provide all kinds of support," said Roddam who worked for Nipuna for about three years.

Last week, Business Standard reported that the government had exhorted the new board, whose six members it has nominated, to look within the company or identify a person who knew Satyam’s operations well, for the post of CEO and CFO.

Roddam was reportedly a natural choice because of his association with Satyam and Raju, who had recruited him directly. Roddam is an MBA and has spent 18 of his 21-year professional career in financial services and banking in India and overseas. Before joining Nipuna as CEO, Roddam worked with Deutsche Bank for almost nine years based in Frankfurt.

Roddam resigned from Nipuna towards the end of September last year when several other senior executives, including Satyam's chief strategy officer Shailesh Shah, also resigned.

Merger option open for Satyam: Parekh

2009-01-12T21:21:00.000-08:00

The option of merging Satyam Computer Services with another firm is "always open", the government- appointed board of the scandal-hit IT firm said today.

"The option of merger is always open," the newly- appointed director Deepak Parekh told reporters after the first meeting of the board, which was constituted by the government yesterday.

Following the aborted Satyam-Maytas deal, the earlier board headed by disgraced chairman B Ramalinga Raju had appointed DSP Merrill Lynch as merchant banker to look for strategic partner along with a plan to increase shareholder value.

However, DSP Merrill Lynch snapped its engagement with Satyam soon after the disclosure of Rs 7,800-crore accounting fraud at the IT firm.

"We, DSP Merrill Lynch, have terminated our advisory engagement with Satyam Computer Services for considering various strategic options on January 6, 2009," DSP Merrill Lynch said adding, "In the course of such engagement, we came to understand that here were material accounting irregularities, which prompted our aforesaid decisions".

Nasscom advises IT sector against poaching customers

2009-01-12T00:37:00.000-08:00

While welcoming the reconstitution of the scam-tainted 'Satyam' board, the Nasscom Chairman Ganesh Natrajan today said the apex body had advised its members to desist from making "unsolicited offers" to the customers of the beleagured company, which has earned the dubious reputation of being 'India's Enron'.

The IT industry in the country was "mature" enough to resist such undesirable practices and poaching on the customer base of 'Satyam', whose business continuiety needs to be ensured, he told PTI here.

The government had taken the right steps in the matter and Nasscom was hopeful that new board with proven track record of its directors would restore credibility of 'Satyam' taking care of the liquidity aspect and uninterrupted business schedules, Natrajan said.

It was important to ensure that in the outsourcing, customers did not lose their faith in Indian companies, he stressed.

"TN is not in favour of new IT investments": Tamil Nadu Minister

2009-01-09T02:30:00.000-08:00

Tamil Nadu electricity minister today indicated the state is not in favour of new IT investments as the industry is in bad shape now and it is not generating employment opportunities.

Commenting on the sector, which witnessed Rs 28,000 crore export last year and currently held by the Chief Minister M Karunanidhi, at the state session on Tamil Nadu potential at the 7th edition of Pravasi Bhartiya Divas in Chennai today the minister said that the slowdown in the western countries has resulted has affected 50 per cent of the companies operating in Rajiv Gandhi Salai (Old Mahabalipuram Road) in Chennai, which is considered to be the hub for the IT industry in Tamil Nadu.

The minister had urged the Non-Resident Indians (NRIs) to invest in sectors like automobile, electronics and hardware, leather, textile, paper, cement, steel and bricks. He noted, for the next 25 years these industries will not witness any slowdown.

Stating few examples, the minister said, cement manufacturers are manufacturing cement for Rs 100 but are selling at Rs 200-220. Newsprint and paper manufacturers profit is in the tune of 40-50 per cent, steel manufacturers are buying scrap for around Rs 18,000 however their selling price is in the tune of around Rs 32,000 to Rs 35,000. The minister said "even the brick manufacturer is making profit in the state."

While trying is luck to salvage the minister's comment P W C Davidar, IT Secretary, said that the construction industry out phase the growth of IT industry. He added, the state is yet to witness any pink slip problem. Currently the industry is depend on the process oriented works, which is yet to feel the impact.

Satyam's saga a setback to India's IT Industry: Nilekani

2009-01-08T04:43:00.000-08:00

Terming the Satyam debacle as a "black-eye",Co-Chairman of the country's second largest software firm, Infosys, Nandan Nilekani today
said that is a setback to India's flagship IT sector.

"This incident is a black-eye because we have been promoting Indian entreprenuers, Indian corporate as the flagship of brand Indiaand when one of the lot really has a deplorable behaviour then obviously its not a good thing.

"It's something that is a setback to what we have been trying to accomplish," Nilekani told in an interview to a private television channel.

Talking about the fallout of the incident, Nilekani said, "Investors who have been shocked by this episode will obviously look for company numbers. We believe that the more data you share with the investors the better it is."

"All of us who run companies must really put ethics, corporate governance andrunning a transparent company in the front. If results are bad we should declare that, if profits are low we should declare that but we should not do anything which impairs the trust of our stakeholders," he added.

The resignation ofSatyam chairman Ramalinga Raju on Wednesday morning after confessing to have forged and inflated the company's accounts for years has sparked fearsamong the Indian IT frims.

Satyam's CFO puts in papers; Board to take call on Jan 10

2009-01-08T04:36:00.001-08:00

Satyam's Chief Financial Officer Valdamani Srinivas Thursday sent in his resignation, dealing a blow to efforts to hold the top
leadership team intact, even interim CEO Ram Mynampati said efforts were on to continue with the business as usual.

At a scheduled press conference here, Mynampati said Srinivas has sent in his resignation and the Board will take a decision on January 10

Raju may get jail for 10 yrs for cheating investors

2009-01-08T04:33:00.001-08:00

Satyam Computer Services former Chairman B Ramalinga Raju can face up to 10 years imprisonment along with a fine, which may extend to Rs 25 crore, in the financial fraud that led to erosion of investors wealth by whopping Rs 10,000 crore in a day.

Market regulator Securities and Exchange Board of India (Sebi) has already ordered an enquiry into the issue to find out if Raju has violated the various regulations pertaining to dealings in securities market.

The regulator would look into various statutory violations, which include unfair trade practices, insider trading regulation and take over code. The enquiry would be conducted by a Sebi General Manager Sunil Kumar, who had been designated as investigating authority.

Under the Sebi Act, imprisonment and monetary penalty could be awarded "if any person contravenes or attempts to contravene or abets the contravention of the provision of this Act or of any rules or regulations made there under".

This would mean that Raju could be punished for violating the securities regulation and as well as for abetting officers of Satyam to commit financial fraud, corporate law practitioners said.

In addition to violation of the Sebi norms, Raju can also be tried for other offences like misappropriation of funds and breach of trust under various sections of the Indian Penal Code and Companies Act.

More significantly, noted Supreme Court lawyer Fali S Nariman said that the country needs to put in place system to check such corporate frauds and financial irregularities.

"It has grave implications on corporate morality... It is disquieting that it is happening all over the world. I am very disturbed and its a very bad sign," he added.

Raju takes Satyam down; stock falls 62%

2009-01-07T01:05:00.000-08:00

Satyam Computer Services Ltd’S Mr. B Ramalinga Raju has tendered his resignation as chairman of the company. shares of the IT company were down 62 per cent at Rs 64. Also, immediately following the news, DSP Merrill Lynch has terminated its engagement with the company.

Raju will continue in the position only till such time the current board is expanded.

In a letter to the board of directors, Raju states that Satyam’s balance sheet as on Sep 30, 2008, carries an inflated (non-existent) cash and bank balances of Rs 5,040 crore (as against Rs 5,361 reflected in the books).

Further, it carries an accrued interest of Rs 376 crore which is non-existent.

An understated liability of Rs 1,230 crore on account of funds arranged by me. An over stated debtors position of Rs 490 crore (as against Rs 2,651 crore in the books).

For the second quarter ended Sep 30, 2008, the company reported a revenue of Rs 2,700 crore and an operating margin of Rs 649 crore (24% of revenues) as against the actual revenues of Rs 2,112 crore and an actual operating margin of Rs 61 crore (3% of revenues). This has resulted in artificial cash and bank balances going up by Rs 588 crore in the second quarter alone.

The letter further states that the gap in the balance sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance). What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew significantly (annualised revenue run rate of Rs 11,276 crore in the September quarter of 2008 and official reserves of Rs 8,392 crore).

As the promoters held a small percentage of equity, the concern was that poor performance would result in a takeover, thereby exposing the gap. The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones.

To quote: “It was like riding a tiger, not knowing how to get off without being eaten.”

A task force comprising imminent members such as Subu D, TR Anand, Keshab Panda and Virendra Agarwal and AS Murthy, Hari T and Murli V has been formed in the last few days to address the situation arising out of the failed Maytas acquisition attempt.

Ram Mynampati would be made the Chairman of this task force to immediately address some of the operational matters on hand. Merrill Lynch would be entrusted with the task of exploring some merger
opportunities.

In the letter, Raju has apologised to all Satyamites and stakeholders for the current situation.

Raju says that neither he nor the managing director sold any shares in the last eight years except a small proportion sold for philanthropic purposes.

A net amount of Rs 1,230 crore was arranged to Satyam (not reflected in the books) to keep operations going by resorting to pledging all the promoter shares and raising funds from known sources by giving all kinds of assurances. Significant dividend payments, acquisitions, capital expenditure to provide growth did not help matters. Every attempt was made to keep the wheel moving and to ensure prompt payment of salaries to the associates. The last straw was the selling of most of the pledged shares by the lenders on account of margin triggers.

Raju also acknowledged that neither he nor the managing director took have benefited in financial terms on account of the inflated results. He confessed that non of the board members had any knowledge of the situation in which the company is placed

Infosys in top 20 of MAKE study

2008-12-30T01:48:00.000-08:00

Infosys Technologies has been recognized amongst the top 20 global companies to be listed in the Most Admired Knowledge Enterprises (MAKE) study, 2008.

Infosys has won this award for organizational learning for its concerted effort over the last decade to provide an integrated knowledge management (KM) solution to meet the knowledge needs of the organization through content sharing, collaboration and professional networking.

India's second largest IT services company has been a five-time Global MAKE Winner.

The Most Admired Knowledge Enterprises (MAKE) research program was established in 1998 by Teleos, in association with the KNOW Network to recognize companies that create shareholder wealth by transforming enterprise knowledge into superior products, services or solutions.

The 2008 Global MAKE awards were chosen by a panel of Fortune Global 500 business executives, leading knowledge management and intellectual capital experts.

Oracle trims staff cost

2008-12-23T22:38:00.000-08:00

Oracle Financial Services Software
, formerly called i-flex solutions, is now taking various steps to cut down its employee costs.

After Oracle’s acquisition of i-flex last year, the company is trying to prune its costs given the current scenario. The firm provides IT solutions to the financial services industry. The news that its is trimming costs as well as manpower is spreading to other sectors as well.

According to sources close to the company, those employees on the bench will be given only 50% of their salary and have been asked to work for fewer hours a day. An employee working with the firm said that even management graduates, who had joined in November would be given a part of their salary, around 40% of the Rs 4.4 lakh pay package that they are entitled to, for December, January and February. A mail sent to the company by ET remained unanswered. The company employs around 11,000 people.

Relocate or quit, MphasiS tells Noida unit employees

2008-12-23T22:28:00.000-08:00

IT services firm MphasiS has asked all 1,300-1,500 employees at its Noida office to either move to a low-cost location or quit.

Most IT Cities that are IT hubs IT service megavendors of the employees have quit or are in the process of quitting the firm. Only a few have decided to shift to another centre, informed four former employees who quit recently.

MphasiS, majority-owned by EDS that was acquired by HP this year, offers outsourcing services in financial services, healthcare, communications, transportation, consumer & retail industries
and has over 28,000 people on its rolls. It set up the Noida centre in 2005 for BPO operations and has over 1,000 BPO employees, besides some IT employees.

The four former MphasiS employees ET spoke to said the company had told the BPO employees about three months ago to decide between quitting or relocating to other MphasiS centres such as Indore and Vadodara. All employees were given time till December-end to decide and were not given any reason behind the move.

A company spokeswoman said that MphasiS continues to work out of the Noida centre. “We continue to shape our operations as per our client needs, and have recently set up a new centre in Vadodara. MphasiS, is known for its sensitive HR policies and the interests of its employees are a priority,” she said. The spokeswoman did not comment on the decision to relocate people.

Besides giving the option to relocate, MphasiS had invited rival firms such as HCL, ExlService Holdings and Tech Mahindra to recruit from among its employees.

MindTree appoints new India ops head

2008-12-17T01:21:00.000-08:00

MindTree, a global IT and R&D services company, today announced the appointment of P K Gopalakrishnan as senior vice president and head of its India operations.

In this role, Gopalakrishnan will hold business responsibility for Indian enterprises, defense and government sectors across both IT Services and R&D services businesses. He would also help in building MindTree’s System Integration (SI) capability, which the organization is strongly intent on acquiring along with its existing base of services.

“India has been a key market for us since our inception, and we see it playing an even more important role going forward. Indian enterprises, government and defense establishments offer substantial growth opportunities for us. In fact, they are increasingly looking at partners who can handle large projects for them and provide end-to-end services. In this context, Gopalakrishan, with his rich work experience, will help grow our footprint in the Indian market place immensely,” said MindTree Chief Executive Officer (CEO) Krishnakumar Natarajan.

“I am delighted to be taking over the India operations responsibility at MindTree,” said Gopalakrishnan. “At a time when the Indian market is at its dynamic best, I see a great opportunity for growth, both in the IT Services and R&D services segments. MindTree has marquee Indian customers like Hindustan Unilever, Titan, TVS Motors, ICICI Bank and a few state governments. We will leverage our domain experience in different verticals such as manufacturing, banking, financial services, insurance and travel and transportation to bring innovative solutions to our clients.”

Gopalakrishnan brings with him 23 years of extensive experience in the industry. Prior to joining MindTree, he worked with Wipro, where he was responsible for the government and defense industry vertical in India, which contributed $75 million in revenues in 2007-‘08.

HCL Tech to close 441 mn pounds Axon deal

2008-12-13T23:16:00.000-08:00

India's fifth-largest IT company HCL Technologies
is all set to conclude its £441-million acquisition of Axon Group on December 15.
With this deal, HCL will become one the largest SAP implementation companies in the world with consulting in the front end and application and infrastructure maintenance in the back end as core strengths.

Currently IBM and Accenture are leaders in the SAP implementation vertical globally.

The buyout comes at a time when IT companies like HCL desperately need to scale up vale added offerings. On 26 September 2008, the board of HCL Technologies announced that it will pay 650 pence in cash per Axon share, valuing the entire share capital of Axon at approximately £441.1million.

India’s second largest IT company Infosys was also in the lead to acquire Axon and had made a cash offer of £407.1 million for the same. But Infosys was subsequently outbid by HCL Tech, which is all set to close one of India’s largest buyouts overseas on Monday.

With a merger of Axon with HCL Tech, contribution of enterprise applications services in HCL Technologies is expected to go up from 11% currently to about 30%. The deal is however expected to put pressure on HCL’s margins.

ICICI to cut interest rates soon

2008-12-13T23:01:00.000-08:00

ICICI chief executive officer and managing director KV Kamath today hinted about a 'steep and substantial cut' in the interest rates in about two or three weeks, The cut will be in line with the market trends following the signals given by the government.

"We clearly see the processes where the market is signalling the rates down.Today, the leading indicator is the ten-year government bonds, which in a space of last two weeks, has moved down by about 1.5 per cent. We have to keep that in mind. That will set in motion the deposit and lending rates,'' he said speaking to reporters at the Indian School of Business here today.

The bulk deposit and annual deposit rates are also declining by about two per cent, This has been happening for about a week and is an indicator for the interest rates coming down, he said.

"Lending rates and borrowing rates do not change so quickly. The banks should be sure that the interest rates are reducing and that should be reflected in our books market. The banks will understand that the rates are really coming down in a few more weeks. I can clearly see the prices coming down,'' he said

The drop in interest rates will be in line with market trends (about 1.5 per cent drop in the government bond interest rates and about 2 per cent in annual deposits). "A trend is set for the interest rates to follow,'' he said without quantifying the actual rate cut that would happen and terming it as ''speculative''. He also expects the inflation to fall around five percent, which will make a cut in the interest rates inevitable.

The managing director of the largest private sector lender in the country felt all private sector banks would be 'revising the interest downwards' to remain competitive in the market.

Moser Baer launches facility in Chennai

2008-10-14T23:49:00.000-07:00

Moser Baer, the global technology company has set up a digital video processing facility in Chennai. The facility will provide real time audio and video restoration of content apart from DVD compression and authoring services.

The new fracility will be connected to Moser Baer’s media and entertainment services division serving domestic and international customers. It will also provide compression and authoring services to Moser Baer’s own entertainment business.

The company, headquartered in New Delhi, is the world’s second largest manufacturer of optical storage media like CDs and DVDs. Recently, the company has also diverged into areas of solar energy, home entertainment and consumer electronics.

TCS acquires Citigroup Global Services for $505 million

2008-10-09T07:01:00.000-07:00

India’s largest IT services provider Tata Consultancy Services (TCS) beat business process outsourcing (BPO) majors like Genpact and IBM to acquire the back-office operations of Citigroup for $505 million (over Rs 2,400 crore).

After the acquisition of Citigroup Global Services Ltd (CGSL), TCS will be the second-largest BPO player globally, after IBM.

Along with the sale, Citi also signed an agreement with TCS to provide process outsourcing services worth $2.5 billion (around Rs 12,000 crore) over the next nine-and-and-a-half years. Citi will be the first global bank to have outsourced its entire banking processes, including core banking operations, to a third party.

While TCS defended the valuations, particularly during the financial turmoil, analysts termed the acquisition expensive. “The valuation is certainly high. The $2.5-billion deal would translate into over Rs 1,250 crore of annualised revenues. With CGSL listing its operating profit at 23 per cent, the payback time may be around 11 years for the money invested,” said an analyst at a leading brokerage.

Even the company’s argument that the acquisition of CGSL gives an opportunity to cross-sell did not convince analysts. “That will take time and further investment from the company. So, the immediate impact is negligible,” said another analyst.

In terms of the acquisition valuations, TCS said that the Citi BPO has had a consistent revenue growth rate of 27 per cent and earnings before interest and taxes (EBIT) margins are of the order of 20 per cent. The BPO has 12,472 employees, who will now join TCS along with the existing management team. The BPO will operate as an independent entity.

“We are confident that after the integration the EBITA margins of the BPO will be in the range of TCS’,” said the IT company’s COO and Executive director N Chandrasekaran.

Sanjay Nayar, CEO (South Asia) for Ctitbank, said: “We have been at this for quite some time. We have been able to consolidate all our businesses. We want to focus on our core operations. We will use the freed up capital for productive businesses.” This deal also means that TCS would be the single largest vendor for Citigroup.

“This acquisition is very strategic for TCS. This will also propel the TCS BPO business to a completely different level. With this Citigroup becomes our top client. This is the first time that core banking operations, which till date are in the realms of banking firms, will be outsourced. That allows us to take these services to other clients. More so, to the small- and medium-sized banks,” said TCS CEO and Managing Director S Ramadorai.

Chandrasekaran said that the tools created by CGSL would also be handy. “This, along with TCS financial products, will allow us to take our BPO platform strategy further. The revenues from the deal will accrue from the fourth quarter of 2008-09, or may be slightly delayed,” he added.

Wipro Infotech wins Intel Global Innovation Award

2008-08-28T04:48:00.001-07:00

Wipro Infotech, the India and Middle East IT business of Wipro Ltd and a leading provider of IT and business transformation services, today announced it has won the prestigious Intel Global Innovation Award for storage at the Intel Developer Forum 2008 in San Francisco.
Wipro identified a distinct gap in today's storage needs and solutions offered in the market", the city-headquartered firm said in a release.

"Driven by internal R & D focus, Wipro has invested more than 1500 person hours in developing this storage-server solution that addresses this need", the release said.

IBM announces new software to transform how people will collaborate

2008-08-28T04:48:00.000-07:00

IBM today announced new software that it said would "transform how people will collaborate, thereby driving greater value and performance" from their globally distributed software investments.
IBM announced 20 products that "break down the walls that inhibit organisations from truly collaborating" with partners, suppliers customers and their employees, according to a company statement.

"These new offerings use IBM's Jazz collaborative technology to help geographically distributed software delivery teams work together in an open real-time and transparent manner to more effectively deliver and source software solutions", it said.

By the end of 2008, IBM and its business partners expect to release 20 products harnessing the collaborative capabilities of Jazz.

The new IBM software will help development teams of all sizes improve productivity and manage project requirements in real time, the company said.

IBM is also announcing the beta of IBM Rational Quality Manager, "comprehensive" test planning and process software which provides a "single view" into all aspects of a quality plan.

"With 100 per cent distributed access and web 2.0-based collaboration, this new software traces where a project stands in the software delivery cycle to help key stakeholders prioritise issues for resolution", it said.

Infosys buys Axon Group for Rs 3,300 crore

2008-08-25T06:04:00.000-07:00

Infosys Technologies has announced that it has agreed terms for a recommended cash offer for a leading UK-based SAP consulting company, Axon Group, in a deal value at Rs 3,300 crore ($753.1 million). The transfer of ownership to Infosys is expected to be completed by November 2008, subject to the scheme of arrangement.

Commenting on the transaction Kris Gopalkrishnan, CEO of Infosys said, “This strategic combination of our groups will accelerate the realisation of our common aspiration - that of becoming the most respected provider of business transformational services in the global marketplace”.

Axon provides consultancy services to multinational organisations that have chosen SAP as their strategic enterprise platform and has about 2000 employees. Specialising in the delivery of change through technology enabled transformation programs, Axon’s consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organisation effectiveness challenges faced by organisations today.

Founded in 1994, today, Axon has offices in the UK, North America, Malaysia and Australia.

Axon reported net profit of Rs 160 crore ($37.4 million) on a total revenue of Rs 1660 crore ($378.3 million).

IBM opens centre of excellence in Pune

2008-07-22T01:07:00.000-07:00

IBM has opened its service management centre of excellence in Pune, which will also act as the regional hub for IBM Tivoli service management software and strategy.

The centre will focus on high value areas like telecom, security, automation and asset management, IBM said in a release here today.

"At India software lab, we encourage the blending of technology and domain expertise with industry relevance," said Ponani Gopalakrishnan, vice president, India Software Lab.

"Our Centres of Excellence (CoE) are designed with the objective of spurring innovation initiatives in partnership with clients and business partners. This IBM Service Management centre will bring together worldwide experts, product developers and business process consultants to promote service management excellence," he said.

Pune is a strategic location for India Software Lab for IBM Tivoli software development, support and service teams.

IBM has chosen Pune as the location for this centre to harness the local presence of deep technical skills and the ability to collaborate with several of the top engineering universities and institutes in the region based there.

TCS Q1 net jumps 7%

2008-07-17T09:04:00.000-07:00

In line with market expectations, India's largest IT services provider Tata Consultancy Services (TCS) reported a growth rate of 7 per cent in its consolidated net profit (Indian GAAP) to touch Rs 1,291 crore in the first quarter ended June 30, 2008, against Rs 1,203 crore during the same period last financial year. Its revenue grew 24 per cent to Rs 6,411 crore in Q1.

Compared to the trailing quarter (QoQ), TCS' revenue grew 6 per cent, while profit after tax (PAT) grew 4 per cent. Its earnings per share (EPS) stood at Rs 13.9.

APRIL-JUNE IN NUMBERS
June 30 (Rs cr) YoY growth
(%) QoQ growth
(%)
2008 2007
Revenue 6411 5157 24 6
PAT 1291 1203 7 4
Note: Indian GAAP figures

However, unlike Infosys, the company could not take much advantage of a falling rupee since it had hedged over $2 billion (it has hedged $2 billion this quarter too).

Oz bank to offshore 400 IT jobs to India

2008-07-10T00:50:00.001-07:00

National Australia Bank is expected to send another 400 information technology jobs to India by the end of the year.

The bank has shortlisted technology companies Infosys and Oracle to develop its billion-dollar, next-generation platform, which will form the key pillar in the bank's technology transformation plan, dubbed Program NEOS.

NAB Chief Information Officer Michelle Tredenick told technology staff this week that it was ramping up its offshoring initiatives as part of Program NEOS, in an email quoted by 'The Australian' daily.

"As we've indicated over the last few months we intend to progress our offshoring activity, and earlier this year we expanded our use of offshoring partners (Satyam and Infosys)."

The "ITO wave one" program was announced in March. About 264 technology jobs were earmarked for transfer to technology outsourcers Satyam and Infosys by October.

The bank started the second round of its IT outsourcing program, "ITO wave two", and over the next six to eight weeks would examine offshoring up to 148 jobs from its technology and wealth management divisions.

About half of them are full-time jobs, with the rest being contractual.The review will target Melbourne-based teams overseeing business and retail payments, Siebel finance and accounts services, and wealth management's Sydney-based mainframe team.

As part of the first wave, 100 positions were sent to India, between 10 and 15 staff have accepted redundancies and another 30 per cent have requested voluntary redundancy.

NAB spokeswoman Kerrina Lawrence said that the majority of staff affected by the outsourcing arrangements had been redeployed to other divisions.

Yahoo cuts deal with Google

2008-06-13T01:07:00.000-07:00

Yahoo Inc has struck a deal with rival Google to run the online search leader's ads alongside its own search results in hopes of boosting its sagging fortunes, hours after announcing that its talks with Microsoft regarding a potential transaction had fallen through.

In a statement, Yahoo said last night it expects the pact — under which it will show Google ads next to its search results on some of its websites in the US and Canada — will increase its revenues by approximately $800 million in the first 12 months, and generate an additional estimated $250 million to $450 million in incremental operating cash flow.

"We believe that the convergence of search and display is the next major development in the evolution of the rapidly changing online advertising industry. Our strategies are specifically designed to capitalise on this convergence — and this agreement helps us move them forward in a significant way," Yahoo CEO and co-founder Jerry Yang said.

Yahoo President Sue Decker said the agreement "provides a source of funds to both deliver financial value to stockholders from search monetisation and to invest in our broader strategy to transform display advertising and advance our starting point objectives with users."

The companies have agreed to delay implementation of the agreement for up to three-and-a-half months while the US Department of Justice reviews the arrangement.

The partnership with Google was widely anticipated after Yahoo failed to reach an agreement with Microsoft.
Earlier in the day, Yahoo announced that its talks with Microsoft regarding a potential transaction — whether for an acquisition of all of Yahoo or a partial acquisition — had ended.

Yahoo launches new India-focussed website

2008-06-11T11:12:00.001-07:00

Internet firm Yahoo! on Tuesday launched a new India-focussed website to provide information such as business listings, maps and directions, events and movies, starting with Delhi, Chennai, Mumbai and Bangalore.

IT revolution limited to a few cities

2008-06-07T02:54:00.000-07:00

Union Minister of State for Power and Commerce Jairam Ramesh on Friday expressed concern over the IT revolution remaining confined to six major cities.

Delhi, Bangalore, Mumbai, Hyderabad, Chennai and Pune accounted for 95 per cent of the exports in the information technology sector which touched $40 billion during 2007-08.

The “concern is how to spread the benefits of the IT revolution to other parts of country,” he said on the occasion of signing of a memorandum of understanding between Tata Consultancy Services (TCS) and Jammu and Kashmir Bank here.

There were certain hurdles to achieving the goal, one of them being non-availability of broadband Internet services. “Kolkata accounts for two per cent of the IT exports but that was possible only after TCS made an entry into West Bengal a few years ago.”

Likewise, its entry into Assam was another major step in spite of the situation there.

“We are looking forward to seeing J&K as a major destination for investment and this has to be something beyond recruitment,” Mr. Ramesh said.

Microsoft’s ‘gift’ to knitwear industry

2008-06-06T09:33:00.000-07:00

TEA E-Readiness Centre set up by Microsoft as part of its Project Vikas will be inaugurated by Rural Industries and Animal Husbandry Minister Pongalur N. Palanisamy in Tirupur on Friday.

The centre, Microsoft hopes, will facilitate extensive application of information and communication technology (ICT) among various sections of knitwear export business and enhance manufacturing competitiveness in small and medium enterprises. The centre, which cost over Rs. 50 lakh, follows a Memorandum of Understanding (MoU) between Microsoft and Tirupur Exporters’ Association (TEA). It will increase IT applications beyond accounting and improve knitwear units’ productivity and reduce production costs by introducing inventory management system etc.

The redesigned portal of the TEA will be dynamic and will act as an interactive platform for buyers, sellers, various job workers and exporters.

Integreon buys US firm Datum Legal

2008-06-05T09:05:00.000-07:00

Chris Egan, Datum Legal's founder and CEO, has been named Integreon's senior vice-president who will oversee the company's discovery solutions business. The Phillipines-based Ayala Corporation, Integreon's majority shareholder, provided funds for the acquisition.

The size of the deal, however, was not disclosed.

Integreon has over 400 offshore professionals reviewing litigation documents for law firms. With the addition of Datum Legal's capabilities, Integreon will now offer an integrated discovery management solution with a guaranteed fixed-price per document.

Furthermore, the acquisition will help corporations and law firms deal with a single point of contact for all the key elements of an e-discovery case – professional services, data reduction through analytics, processing, hosting, and attorney review.

TCS to provide IT solutions to micro, small units

2008-05-30T19:56:00.000-07:00

The Coimbatore District Small Industries Association (CODISSIA) and Tata Consultancy Services (TCS) signed a Memorandum of Understanding (MoU) here on Thursday to provide integrated information technology services to micro, small and medium-scale enterprises here.

“TCS has launched the IT-as-a-service business to address the growing IT needs of MSMEs and enable them to be competitive in a global environment,” said V. Ramaswamy, Global Head of Small and Medium Business, TCS.

Mr. Ramaswamy told presspersons here on Thursday that the aim was to offer integrated, end-to-end IT solutions, such as email, accounting and administration tools. A model had been developed and it would be validated now. The solution would be ready for use by October-November.

Typically, the MSMEs worked with different vendors and invested heavily in different tools, added C. Muthusami, CODISSIA President. Through this facility, the units would have access to integrated solutions for a monthly subscription fee.

Mr. Ramaswamy said TCS would enter into time-bound agreements with the units for the use of the solutions. In another two years, nearly 2,000 MSMEs here could benefit from this service.

Andhra sees 41% growth in IT exports

2008-05-30T04:46:00.000-07:00

Andhra Pradesh recorded a 41 per cent growth in IT exports during the financial year ended March 31, 2008, at Rs 26,122 crore, as compared with Rs 18,582 crore a year ago, contributing 15 per cent to the national exports of Rs 1,77,700 crore. The growth registered by the state is against the projected national average growth rate of 32 per cent , according to E Manoj Kumar, outgoing director of Software Technology Parks of India (STPI), Hyderabad.

Addressing mediapersons here on Friday, he said growth in tier-II cities was also steadily catching up with Visakhapatnam emerging as the next destination in the state. "Total exports from Vizag stood at Rs 372 crore from 80 units including HSBC, Satyam and Wipro during the year, while Vijayawada, Tirupati and Kakinada contributed Rs 56 crore, Rs 2 crore and Rs 6 crore respectively," he said. Employment generation too grew significantly with the addition of 51,550 jobs.

The state witnessed a robust growth in terms of new entrants as well, with around 4 new companies registering themselves every week for setting up shop. In all, 176 new companies were registered, of which around 40 are foreign equity companies. IT investments from foreign companies stood at Rs 654 crore, while domestic players accounted for the rest.

Kumar said STPI was focusing on initiating specific measures for supporting SME companies. "Towards this, it is planning to extend data centre and co-location support to SMEs besides expanding incubators in tier-II cities. A state-of-the-art incubation is also being set up in Hyderabad, which would be ready by this year end," he added.

Meanwhile, STPI Noida director P Venugopal assumed charge as the new director of STPI Hyderabad today.

SIFL to set up 25,000 IT kiosks

2008-05-28T05:08:00.000-07:00

SREI Sahaj e-Village Ltd, a subsidiary of Kolkata-based SREI Infrastructure Finance Ltd (SIFL), would set up 25,000 IT kiosks to be known as common service centers (CSC) across six states, with a total investment of around Rs 1000 crore over the next two years.

The six states are West Bengal, Bihar Orissa, Assam, Uttar Pradesh and Tamil Nadu.

Under this project, every centres would provide a bouquet of services starting from e-governance, e-commerce to e-learning and thereby linking rural areas with the entire world.

"We will set up 25,000 IT kiosks in six states in east and south India, for setting up rural IT infrastructure, within a span of two years," said Hemant Kanoria, chairman and managing director of SIFL, said here.

"About 25000 village level entrepreneurs (VLE) would run these centers and they in turn would create direct employment of another 75,000 persons in rural areas. They would offer services which the government would provide in the rural areas like birth certificates, land records among others. Srei Sahaj would add the e-commerce and e-learning products to make it remunerative for the VLEs," he added.

The cost of setting up one kiosk is estimated to be Rs 2.5 lakh of which a VLE would have to provide Rs 1.25 lakh and the rest would borne by Srei Sahaj. The revenue for each of the centres is projected at a minimum of Rs 10,000 with in six months from starting the on line services.

"We have made arrangements with the banks for financing the VLEs," said Sabahat S Azim, CEO, Srei Sahaj E-Village Ltd.

For on line services the revenue would be shared equally between Srei and VLE.

"Already 1500 centers are operational in West Bengal and by the end of 2009 the number is slated to go up to 4397 covering 14 districts of the state," Azim added.

This programme is under the national e-Governance Plan (NeGP), which entails setting up of 100,000 centres across the country.

IIT Bombay, Microsoft at loggerheads over standards

2008-05-28T05:07:00.000-07:00

Embers from the fiery debate over the International Organisation for Standardisation's (ISO) acceptance of Microsoft's Office Open XML (OOXML) file format as an international standard refuse to die out in India.

The Indian Institute of Technology (IIT), Bombay, has taken strong objection to the fact that despite a "No" to OOXML by a majority of the Bureau of Indian Standards (BIS) members, the software giant "continued to make representations to the top Indian leadership (read Ministry of Consumer Affairs), pressuring them to change the Indian vote".

The BIS represented India as a participating member of the ISO. Its LITD 15 committee — of which IIT-Bombay was a part — was responsible for examining OOXML and deciding on a "No" regarding India's position at the ISO.

India's negative vote could make it difficult for Microsoft to get government business since governments worldwide, including India, are wary of holding digital data in proprietary formats.

Deepak B Phatak, who represented IIT-Bombay along with three other professors, has written an open letter to all BIS members, expressing unhappiness over Microsoft's "accusation" that his institution and the National Informatics Centre (NIC), among others, have an "ODF alliance" bias (ODF stands for Open Document Format).

The OOXML format is backed by Apple, Novell, and closer home by Wipro, Infosys, Tata Consultancy Services (TCS), and Nasscom. ODF, the other format, is supported by IBM, Sun Microsystems, Red Hat, Google, and in India, by the Department of Information Technology (DIT), National Informatics Centre (NIC), CDAC, IIT-Bombay and IIM-Ahmedabad. States such as Delhi, Kerala and others from the North-East are heavy adopters of ODF file formats which are open and free (excluding maintenance and support).

Pathak insists that there is no reason for any ODF bias since academic institutions have no commercial interests. "... the complaints have painted these organisations and their representatives, including the Indian delegation which attended the Ballot Resolution Meeting (BRM in Geneva this February), as acting against Indian national interests. This is the most derogatory accusation to any Indian...," he wrote.

The letter adds: "I have a special word of thanks to the officials of Microsoft, some of whom have been personal friends for years...I, of course, still await the action from Microsoft which I have requested, viz., formal withdrawal of all complaints, and a formal apology to my Institute."

Microsoft, noted Pathak, has sent him a personal apology which he said is not sufficient.

Microsoft declined to comment on the specific issue of withdrawing the complaint. A spokesperson, however, said: "We would just like to reiterate our respect for both IIT Bombay as an esteemed echelon of learning, and Dr Pathak as one of its the most respected educators. The issue raised with the government about certain members of the BIS committee having a possible bias was an issue we were genuinely concerned about and had fair grounds to believe. It was not targeted at a specific organisation or individual. "

ODF proponents oppose OOXML on grounds that " multiple standards " are not good while Microsoft argues that OOXML is a response to evolving technology formats.

A January 2008 independent study by research and consulting firm Burton Group indicated that although moving to OOXML file formats involves some administrative challenges, the opportunities for improved content management and productivity outweigh the short-term inconvenience of migrating from binary file formats.

Internationally, too, the debate does not appear to have ended. OOXML was approved as an international standard this April. However, there's a two-month period during that countries can appeal against the decision.

The South African Bureau of Standards has already challenged "...the validity of a final vote that we contend was based upon inadequate information, resulting from a poorly conducted BRM (Ballot Resolution Meeting)".

Vodafone announces new CEO

2008-05-27T05:36:00.000-07:00

Vodafone deputy Chief Executive Vittorio Colao will take over as the new chief executive of the telecom giant, replacing India born Arun Sarin. A release by Vodafone Group Plc today said that Sarin will retire as the chief executive of the company on July, 29.

"It has been a privilege to lead Vodafone for the last five years and to have been involved in the company for such a long time. I feel that I have accomplished what I set out to achieve, particularly in developing and implementing a new strategy.

I am very proud of what Vodafone and its 71,000 people have achieved and the good momentum we have in the marketplace. I know that the business is in capable hands with Vittorio Colao. Having worked with him for many years I know that he has the experience and vision to take Vodafone on to future success," Sarin said.

Commenting on the development, Vodafone Group Plc Chairman Sir John Bond said: "Arun has done a tremendous job as chief executive. He has led the company with distinction and navigated Vodafone through a period of rapid change.

He has developed a new strategy for the business and significantly expanded our footprint in emerging markets. The acquisition in India was very well timed and executed. The Board has a great deal to thank him for and I would like personally to thank him for all he has done for the business and wish him and his family all the best for the future. In Vittorio Colao we have a fine successor and I am looking forward to working with him in his new role,".

Avnet acquires Ontrack Solutions

2008-05-23T03:01:00.000-07:00

US-based Avnet Inc has acquired Mumbai-based systems integrator Ontrack Solutions for an undisclosed sum. Ontrack Solutions has an employee headcount of around 160 personnel and recorded revenues of $13 million.

"On completion of the acquisition, Ontrack will become part of the operations of Avnet Technology Solutions Asia Pacific. We will retain all the employees of Ontrack, while the acquired company will work as a solutions distribution arm of Avnet," said Avnet vice president and general manager (Asia Pacific) Jaideep Malhotra.

Ontrack is a market leader in security, networking, consolidation, virtualisation, storage and server solutions.

The company, with presence in functions nine locations throughout India, supports customers in a variety of end markets including banking, industrial and manufacturing.

The transaction, which is subject to government approval, is expected to close by mid-July 2008.

Infosys employees to undergo certification for promotion

2008-05-21T21:04:00.000-07:00

In what will be the first such comprehensive exercise in the IT industry, all the 91,000-odd employees of India's second-largest IT services provider, Infosys Technologies, will now have to pass certification programmes to get promoted.

The certification programme, conducted every March, is now being extended across the board and will test the employees' domain expertise, and grade them accordingly to be eligible for promotion.

Nandita Gurjar, V-P and group head (HRD), Infosys, said: "We took a relook at our performance structure, and decided that this year onwards, we will have various training certifications for our employees. Those who qualify for these certification benchmarks will be considered for higher and complex jobs."

The Bangalore-based IT firm also has a bottom performance plan, according to which the poor performers are given a chance to improve their skills. "But if we see no improvement, despite all measures, we will let go of the employees," said Gurjar.

She confirmed that some employees were asked to leave on these grounds, but declined to put a figure to it.

Incidentally, this calendar year, there were reports of IBM laying off 500 to 600 freshers, and working on ways to certify the skill levels of its employees.

Besides, 500 people were asked to resign from India's largest IT services provider, TCS. Yahoo! India, too, reportedly told 45 full-time employees across all levels to quit on these grounds. All these IT firms said it was part of a routine annual 'trimming' process.

Meanwhile, the perceived slowdown in the US economy has hit Infosys Technologies' hiring plans this year, as it did with those of most IT firms. Gurjar reiterated that the IT bellwether is expected to hire 25,000 people in FY09 — 7,000 less than what it did last year — but is keen on utilising its existing manpower resources by its employee performance management system.

She added, though, "if the US economy shows signs of revival and thereby if there are projects in hand, we might look at hiring more."

Of the 25,000-strong recruitment planned, 18,000 offers have already been made to engineering campuses. Typically, 70 to 75 per cent of the offers convert into recruitment. About 3,500 candidates are currently undergoing training at Mysore, where the company's training institute is headquartered, and will come into delivery in the first quarter of the current fiscal.

The company is already investing about Rs 700 crore each year towards training its employees. TV Mohandas Pai, member of the board, Infosys says: "This year, there might be a 20 per cent rise in investment in educating and training employees."

The company is also hiring 145 employees from US college campuses and about 25 from UK campuses. "We have already started training of foreign recruits and are talking with several universities in the UK where we will work with faculty and design curriculum suitable for the IT industry," confirmed Pai. Infosys has an attrition rate of 13.4 per cent.

Sales for IIM grads

Infosys has recruited 15 Indian Institute of Management (IIM) graduates this financial year compared to 20 last year. The salaries range between Rs 15 lakh and Rs 17 lakh a year.

However, to prevent the poaching of IIM graduates by banks and financial institutions, these recruits will be primarily asked to handle sales where they are likely to get onsite placements and incentives like performance bonuses. Earlier, IIM graduates at Infosys were allocated functions like management, marketing and technology services.

Microsoft plans to buy part of Yahoo

2008-05-21T08:27:00.000-07:00

Microsoft Corp proposes to buy Yahoo Inc’s search business and take a minority stake in the Web pioneer, stopping short of a full-out merger. As part of the deal, Yahoo would sell its Asian assets, including significant minority stakes in Yahoo Japan and China’s Alibaba Group, while Microsoft would buy a chunk of what remains of the company.

Hewlett-Packard Q2 net jumps 16% at $2.06 bn

2008-05-21T03:00:00.000-07:00

Global technology giant Hewlett-Packard has announced a net profit of $2.06 billion for the second quarter ended April 30, 2008, a 16 per cent growth over the corresponding period last year.

The company had a net profit of $1.78 billion in the year-ago period. For the latest quarter, HP's net revenue shot up by 11 per cent to $28.26 billion. It had reported a net revenue of $25.53 billion in the corresponding period a year ago.

Earlier this month, the firm had announced that it would acquire technology services company EDS for an estimated $13.9 billion to expand its Indian presence.

"HP turned in another strong quarter, supported by improvement across our businesses. With 70 per cent of revenue now coming from outside the US, we benefited from robust demand in emerging economies," HP Chairman and Chief Executive officer Mark Hurd said in a statement on Tuesday.

Revenues from Brazil, Russia, India and China (BRIC countries) grew 26 per cent over the prior year period and accounted for 10 per cent of the total revenue.

The California-based firm saw a 31 per cent growth in revenues from sale of notebook for the latest quarter whereas revenues from desktop remained flat.

Meanwhile, HP anticipates the acquisition of EDS to close in the second half of 2008. The deal is expected to more than double HP's services revenue, which amounted to $16.6 billion in fiscal 2007.

Moreover, combination of both the firms would advance HP's objective of strengthening its service business and provide better competitive edge against its rival IBM Corp. The combined entity would offer services such as IT outsourcing, business process outsourcing and HR outsourcing.

The firm while announcing the deal had said it intends to establish a new business group, to be branded EDS and headquartered at Electronic Data Systems' existing executive offices in Plano, Texas.

HP expects to have revenues to the tune of $114.2 billion to $114.4 billion for the fiscal year 2008. Earlier, the firm had a revenue guidance of $113.5 billion to $114.0 billion for the same period.

According to Hurd, the company's financial outlook demonstrates its strength in the global marketplace.

Tech Mahindra makes net loss of Rs 225 cr

2008-05-19T09:40:00.000-07:00

Mumbai-based IT solutions provider to telecom firms, Tech Mahindra, reported a net loss of $54.7 million (around Rs 221 crore) for the fourth quarter ended March 2008 as it incurred an exceptional charge of $109.9 million (around Rs 440 crore) towards an exclusivity payment to a customer (name not disclosed but sources say it's BT) for a long-term strategic transformation contract.

In rupee terms, the company a consolidated net profit after tax and before exceptional item of Rs 218.9 crore for Q4 FY 08 as against Rs 196.1 crore in Q4 FY 07 -- a 11.6 per cent growth. Its revenue touched Rs 1021.8 crore for Q4 FY08 as against Rs 874.5 crore in Q4 FY07 -- a 16.9 per cent increase.

For the full year ending March 31, 2008, its consolidated revenue grew by 28.6 per cent to Rs 3,766.10 crore from Rs 2,929 crore in the previous financial year. Its consolidated net profit grew by 25.6 per cent to Rs 769.6 crore from Rs 612.6 crore (excluding exceptional items) in the previous year. Consolidated net profit after exceptional items was reported at Rs 329.9 crore.

The company derived 19.4 per cent, 73.6 per cent and 7 per cent of its revenues from the US & Canada, Europe (primarily British Telecom) and rest of the world (ROW) regions respectively. The number of clients increased from 83 in FY 07 to 107 in FY 08. Its consolidated headcount increased from 19,749 in March 2007 to 22,884 in March 2008 -- a growth of 15.9 per cent.

British Telecom holds a 31 per cent stake in Tech Mahindra and contributes to over 60 per cent of its revenue. AT&T is its other major client, contributing 16-17 per cent.

Anand Mahindra, Chairman, Tech Mahindra, said: "Our robust results reinforce our leadership position in our chosen vertical. Our alignment to customer needs and our investments in the telecom domain have positioned us well for growth." Vineet Nayyar, Vice Chairman & MD, Tech Mahindra, said: "Our strategy of building long-term partnerships with our customers by pursuing multi year deals has yielded us dividends this quarter. These deals are a reflection of the confidence reposed in us by our customers.

NAC-Tech to gauge employability IT freshers

2008-05-11T06:14:00.000-07:00

Beginning this academic year, NASSCOM’s GMAT-like standardised test to gauge employability of fresh graduates in engineering and technology-based industries will allow students to take a single test that will be valid for multiple employers.

Termed NAC-Tech (NASSCOM’s Assessment of Competence – Technology), it will be used to screen applicants for jobs in the two specific segments, according to Sandhya Chintala, Director – Education Initiative, NASSCOM. The test has been evolved with inputs from some of the IT majors in India, including TCS, Cognizant, Infosys, Wipro, Satyam, Hexaware, IBM, and Accenture. It will evaluate both soft skills and domain competence of candidates. “NAC-Tech is built like a first filter for all educational institutions, companies, and candidates. Students can take the tests online and will be assigned a score, which will facilitate employment,” says Ms. Chintala. In collaboration with universities, the test can also be administered much ahead of campus interviews to identify any shortcomings in the students and address them.

Split in two halves, Part A of NAC-Tech, which is compulsory, will test verbal skills, analytical and logical reasoning, attention to detail, strength of written English, ability to learn and programming fundamentals. In Part B, students will have to answer questions on the fundamentals and applications in their particular area of specialisation among various engineering streams. Currently, these include IT, Electronics, Electrical, Mechanical, Civil, Textile, Chemical, Biotechnology; other areas will be included soon, according to Ms. Chintala. Students in non-engineering streams can take the first part of the test (NAC) alone. The score will be valid for a year. In addition to saving students the trouble of taking multiple tests for different companies, the test will enable corporates to pick talent from a benchmarked pool of students. For recruiters, the costs of administering tests will come down. Its success, she adds, hinges on the cooperation from corporates, universities, colleges, and to a large extent, the government. Bhaskar Das, Cognizant’s Vice-President (HR), says the company has agreed to consider the NAC-Tech test scores on campus recruitments, instead of their own test process (though interviews will continue to be conducted by Cognizant).

Adobe may increase investments in India

2008-05-10T06:47:00.000-07:00

Software Solutions provider Adobe India, might overshoot its investment target of around Rs 800 crore that it announced in 2006 for a period of five years. In India, the company is aiming for a growth rate of 50 per cent for the next few years.

Naresh Gupta, senior vice-president, print and publishing business unit and MD, Adobe India said, "India is one of the fastest growing market for Adobe. We have already doubled our investments in sales and marketing over the last year. We might overshoot the $200 million investment target."

Some time back, Gupta had said that India is not an attractive market for selling products owing to piracy. But that doesn't seem to be an issue anymore. "Piracy may not go down in India overnight but any drop in the overall numbers means opportunity. While the Indian market is growing fast, large enterprises are also realising that managing piracy related issue is cumbersome," he adds. Due to piracy the firm earns only a dollar for every $10 spent which makes for a staggering loss of 90 per cent for any company to absorb.

Apart from expanding its India development centre, the company is also focusing on growth from BRIC countries, Eastern Europe and Japan. The centres in China and Romania, says the firm, will be developed as Premier Development centres. "Presently, revenue contribution from emerging markets to Adobe is low in comparison to some of our competitors. Some of our peers are clocking 50 per cent growth from these markets, we can certainly aim for the same," said Gupta.

As for India, Adobe will continue to increase its base among the developer community through its Flash and AIR platforms and see the next growth push coming from e-learning and technical documentation.

"India has one of the largest developer base and we want to be able to cater to them. We are actively working with systems integrator (SI) partners and educational institutes to partner with us," said Gupta.

As for e-learning and technical documentation, the company aims to grow upwards of market rate. "E-learning market in India is growing at a rate of 23 per cent annually, we expect to grow upwards of that number. Since the technical documentation solutions overlap with e-learning solutions, we expect to grow in the similar manner," added Gupta.

Yahoo CEO Jerry Yang still open to Microsoft talks

2008-05-06T04:11:00.001-07:00

Yahoo Inc chief Jerry Yang was set to meet staff on Tuesday after signaling a more open stance towards a takeover by Microsoft Corp.

Yang told a news agency in an interview on Monday that he had "mixed feelings" about events at the weekend, when talks broke down. Investors showed their disappointment over the breakup of negotiations by sending Yahoo shares down 15 percent on Monday.

Asked if Yahoo would still leave a door open for Microsoft to return, Yang said: "If they have anything new to say, we would be open. ... I am more than willing to listen."

Yang said it had been Microsoft that ended the discussions. "We were negotiating a way to find common ground and then on Saturday they chose to walk away," said the 39-year-old co-founder of the pioneering Internet company. "They started it and they walked away."

Satyam and SAP form services partnership

2008-05-06T02:41:00.000-07:00

Hyderabad-based information technology company Satyam Computer Services has become business software provider SAP AG's global services partner to help Fortune 1,000 companies worldwide to implement SAP solutions. The partnership is focused on enhancing value for customer investments in SAP solutions. SAP will leverage Satyam's industry-specific knowledge and technology expertise in creating vertical solutions for customers across various industries.

Satyam will invest in joint marketing resources and strategic planning to support the growth with SAP and serve customers worldwide. Satyam's strategic investments will be in developing composite solutions with SAP focus on domains such as the automotive, retail, banking, telecom and oil and gas industries, the company stated in a press release.

Microsoft walks away from Yahoo deal

2008-05-04T19:35:00.001-07:00

Negotiations break down on offer price.

Microsoft on Saturday withdrew its takeover offer for Yahoo as the internet company continued to reject the terms of the proposed deal, despite a higher offer worth $33 a share, or $46.5 billion.

The apparent abandonment of the three-month takeover tussle came after Yahoo founders Jerry Yang and David Filo flew to Seattle earlier in the day for a last-ditch negotiating session with Steve Ballmer, Microsoft's chief executive officer, and Kevin Johnson, who oversees its internet operations, according to a person close to the situation.

While the Microsoft executives had raised their cash-and-stock bid from the original $31, and from the $29.39 the offer was worth at the end of last week, the Yahoo representatives on Saturday continued to hold out for at least $37 a share, according to this person.

In a letter addressed to Yang, and released publicly late in the afternoon on the West Coast, Ballmer said he was formally withdrawing the offer, though his letter included at least one hint that he might reconsider if Yahoo bows to Microsoft's terms.

"I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares," the Microsoft CEO wrote.

Infosys HR boss highest paid among directors

2008-05-04T19:31:00.000-07:00

IT giant Infosys's human resources head T V Mohandas Pai takes home the highest salary and bonus among all the board of directors of the company, including Chairperson Nandan M Nilekani and Chief Executive Officer S Gopalakrishnan.

According to Infosys's recent filing with the Securities and Exchange Commission (SEC), Pai receives a salary of 82,033 dollars and a bonus of 308,625 dollars in a year, the highest among the 15 members of the board.

The Board is chaired by the firm's Chief mentor N R Narayana Murthy while one of the Co-founders and Director Nandan M Nilekani is the co-chairperson.

While Nilekani receives 51,414 dollars salary and 122,841 dollar as bonus, Narayana Murthy does not take home any of them but 125,000 dollars in annual compensation.

Other members of the board include Chief Executive Officer S Gopalakrishnan, Chief Operating Officer S D Shibulal, Lead Independent Director Deepak M Satwalekar, Head of Communication Design Group, Information Systems and Quality and Productivity, K Dinesh and Head of Delivery Excellence Srinath Batni.

Pai, who is also the head of administration, education and research, Finacle and Infosys Leadership Institute, happens to be the youngest among board of directors.

Further, Gopalakrishnan and Dinesh gets salary and bonus as same as that of Nilekani whereas Shibulal receives a salary of 50,061 dollars and 117,220 as bonus.

Patni net dips 39% y-o-y

2008-04-30T02:41:00.001-07:00

Patni Computer Systems in its first quarter results ended March 31, 2008 reported a dip of 39 per cent in its net income at Rs 72.46 crore from Rs 120 crore registered during the corresponding quarter last fiscal. Revenue for the quarter increased by 5 per cent at Rs 706.12 crore from Rs 672.4 crore for the same quarter last financial year.

On a sequential basis (quarter ended December 31, 2007) the net income of the company was down by 27.3 per cent from Rs 99.7 crore— revenue increased by 2.9 per cent from Rs 686.19 crore.

The company reported revaluation and mark to market foreign exchange loss for the quarter at $2.2 million (Rs 8.9 crore) as compared to forex exchange gain of $4.7 million (Rs 18.5 crore) in previous quarter. The quarter end rate for debtor's revaluation was Rs 40.11.

The Mumbai-based firm also announced the appointment of Louis Theodoor (Loek) van den Boog as the executive director of the company with a view to strengthen the management team. Loek has been an independent director with the company since March 2005.

Narendra K Patni, chairman and chief executive officer, Patni Computer Systems said, "While Revenue and Profits are in line with our guidance we are in a cautious market situation in 2008 with uncertainty and volatility in global markets. We are running our business in lower than normal visibility. We are making all the investments necessary to diversify our business."

Client acquisitions during the quarter were 34 as compared to 37 of previous quarter. Number of active clients was 331 at the quarter end as compared to 318 in Q4 2007.

Executive Director Loek van den Boog, said, "We are committed to build Patni to a next generation services company. We are confident of our abilities to transform the business with mix of internal and market based measures to enhance overall shareholder value with profitable and sustainable growth."

Surjeet Singh, chief financial officer, Patni, said, "We are actively looking for strategic acquisitions and shall invest in the business on all dimensions. We are seeking these acquisitions in BPO, Enterprise applications and consulting specifically in UK and Continental Europe and are expanding geographically to enhance our presence in the region."

Patni's gross margin at 28.7 per cent for this quarter was negatively impacted due to increase in immigration cost on account of US H1B filing and drop in utilisation net of other operating costs.

3i Infotech to acquire US-based Regulus Group

2008-04-29T00:18:00.000-07:00

Global information technology company 3i Infotech today said it will acquire US-based Regulus Group LLC (Regulus), an independent remittance and document processing services provider, for up to $100 million dollars.

The cost of the acquisition is approximately $80 million with additional consideration of up to $20 million based on an earn-out linked to certain performance parameters, 3i Infotech said in a filing to the Bombay Stock Exchange (BSE).

"The acquisition of Regutits Group is a strategic one and will enable 3i Infotech to strengthen its positioning in the payment processing industry," 3i Infotech Managing Director and CEO V Srinivasan said.

The company has signed an agreement with Regulus Group under which it would acquire 100 per cent stake the company, including its products, trademarks and brands.

California-based Regulus handles over 2.1 billion paper and electronic transactions annually. It operates through 10 processing centers in California, Georgia, Illinois, New Jersey, North Carolina, Iowa and Texas.

Regulus has around 1,300 employees and serves around 150 clients through its direct sales force and about 85 additional clients generated through reseller partnerships.

Pursuant to the acquisition, current Regulus CEO Richard Long would step down and Kathleen Hamburger, current President and Chief Operating Officer of the firm, would assume the role of CEO.

Shares of 3i Infotech were trading at Rs 123, up 2.71 per cent on BSE in morning trade.

Cambridge Solutions expands India operations

2008-04-23T00:06:00.000-07:00

Bangalore-based software services and solutions firm Cambridge Solutions announced the expansion of its Indian operations with the set-up of a development centre in Chennai. The facility will augment the work being done by Cambridge Solutions at its existing facilities in Chennai, Bangalore and Pune. This facility will employ 200 skilled resources and dedicated training facility.

With this expansion, it now has a capacity of around 800 seats in Chennai and a total capacity of over 1,400 seats in India.

“The new centre will meet the growing requirements of our customers in the banking and financial services markets, besides housing some technology practices,” said M R Ravichandran chief delivery officer - ITO Division, Cambridge Solutions. The company said that this will further strengthen their global delivery model.

The company’s board of directors, a few months back, had also approved to raise $40 million (around Rs 160 crore) through a FCCB/GDRs including a green shoe option of $10 million (around Rs 40 crore) in international markets for its expansion.

IT Enabled Services Companies in Chennai

2008-04-22T12:03:00.000-07:00

Company Name >>> Ajuba Solutions (India) Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Healthcare collections and accounts receivables management Insurance call center services transaction processing data entry conversion database creation claim processing customer interaction telemarketing analytics market research coding and call center services
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WebSite >>> www.ajubanet.net
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Email >>> shankar.n@ajubanet.net
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City >>> Chennai
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Company Name >>> Allsec Technologies Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Allsec Technologies is an ISO 9001 2000 and ISO 27001 2005 certified 2300 seat integrated BPO and customer contact management services center with delivery centers based in Chennai and Bangalore Allsec s areas of specialization include customer contact center services customer service accounting help desk technical support collections customer acquisition database verification and management and research and surveys It also provides HR services payroll claims processing employee benefits administration pre recruitment processes and employee rewards administration transaction and back office processes and quality monitoring services
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WebSite >>> www.allsectech.com
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Email >>> svan@allsectech.com
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City >>> Chennai
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Company Name >>> Altosys Software Technologies Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Offers enterprise IT solutions that include software product development services web based application development Healthcare IT multimedia security Linux Solutions and migration e Publishing and business process outsourcing BPO services Altosys offers enterprise IT solutions which include software product development services Linux Solutions and migration e Publishing and business process outsourcing BPO services
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WebSite >>> www.altosys.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> k.prabhakar@altosys.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Arrowpoint Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> J2EE Weblogic Oracle 9iAS Websphere Web Methods Web Services JAXB JAXP XML B B Integration Portal Implementation Functional and Regression Testing Net Framework VB Net C Net ADE ODE ASP Net Web Services Oracle ERP Data Warehousing BIS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.arrowpointtechnologies.com
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Email >>> sales@arrowpointtechnologies.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> ASE Structure Design Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> IT Enabled Services CAD CAM CAEWe provide Design Drawing and Documentation services for Architecture Civil and Structural Engineering Building Services Engineering such as Mechanical HVAC Electrical Plumbing Hydraulics and Vertical transportation Lifts We use Vector Works v12 5 AutoCAD Revit 2008 Bentley MS Power Draft 2004 Our area of Expertise is also in the field of 3D Renderings and walkthroughs for Architecture and Mechanical Engineering Our biggest project is for Design of passive sites for Mobile Networks for all major Wireless Telecom Service Providers in Belgium We have done over 6000 sites in the last 4 years and are recognized as a quality service provider
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.asedesignsoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> umesh@asedesignsoft.com
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City >>> Chennai
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Company Name >>> Astron Document Management Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> ITES Data Capture Processing On line Transactions Processing Business Transcription Services Finance Accounting Services
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WebSite >>> www.astron.co.uk
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> afsalr@astronasia.com
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City >>> Chennai
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Company Name >>> Athri Infotech
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Provide consultancy services IT enabled services and training etc
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> -
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Email >>> ssiet@eth.net
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City >>> Chennai
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Company Name >>> Bahwan CyberTek Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> BCT s product engineering business led by Cuecent Practice is focused on technical superiority leading to the development of world class products and significant IP The Cuecent range of products provides strategic solutions to the BFSI corporate utility and government verticals Bahwan CyberTek is a strategic partner to the world s most admired enterprise application software and technology provider BCT has been honoured with the quot Oracle Business Excellence Award 2004 quot for outstanding performance on Oracle E business suite BCT s association with Oracle has grown from strength to strength over the years Today Oracle rates BCT s implementation services as one of the best and is helping BCT foray into new geographies BCT s Business Transformation solutions are aimed to help its customers align their organisation with their business strategy and prepare its employees for high performance and capitalization of the experience of the organization BCT incidentally is the first 4th Party Logistics 4PL operator in the Oil amp Gas sector BCT is a premier outsourcing services provider specializing in customer support centers and Business Process Outsourcing BCT provides its customers with a full array of business process services underpinned by operational quality and cost effectiveness
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WebSite >>> www.bahwancybertek.com
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Email >>> chari@bahwancybertek.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Carbonon Tech Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Carbonon is into 3D Game Art Assets 3D Animation cinematics cut scenes 3DModeling Medical Animation Product Design amp Architectural Animation Video Game Development virtual worlds development Flash action scripting Adobe Flex
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WebSite >>> www.carbonon.com
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Email >>> arun@carbonon.com
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City >>> Chennai
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Company Name >>> Caterpillar India Pvt Ltd
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Specialization >>> Offers state of the art services in engineering design and data management including CAE modeling tool and component design and data analysis
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WebSite >>> www.india.cat.com
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Email >>> suresh@cat.com
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City >>> Chennai
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Company Name >>> Changepond Technologies Pvt Ltd
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Specialization >>> Enterprise software solutions and services mechanical engineering services
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WebSite >>> www.changepond.com
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Email >>> sindhu@changepond.com
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City >>> Chennai
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Company Name >>> CI.COM (P) Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> CI as your business partner is committed in providing quality solutions and services with experience gathered in various business domains and in the latest technologies available CI offers software solutions in various technologies across multiple platforms to corporates who are in need of cost effective solutions Some of the services offered by CI are 183 End to End Mobile Solutions 183 Solution driven software services 183 Turnkey solutions for upstream business applications 183 Development of decision support tools for management 183 Web Applications Mobile applications are some of the core areas serviced 183 Data porting amp migration 183 Performance tuning 183 Quality Testing amp Assurance 183 Business Process Outsourcing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ciindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sarada@ciindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Cognizant Technology Solutions India Pvt. Ltd.
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Specialization >>> Verticals Financial services insurance banking healthcare life sciences manufacturing retail telecom media and entertainment Solutions Application development maintenance testing and e business Infrastructure services Business process outsourcing System integration and packaged software such as ERP and CRM Enterprise Consulting Technology Architecture Program Management
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WebSite >>> www.cognizant.com
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Email >>> ramkumar@cognizant.com
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City >>> Chennai
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Company Name >>> Congruent Solutions Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Managing offshore development centers for SMBs benefit fund administration domain EAI building adapters legacy systems integration Use of XML and related standards like IFX OFX voice response for applications using VoiceXML and SALT technologies and mobile applications
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WebSite >>> www.congruentsolutions.com
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Email >>> Sriganesh.r@cspl.com
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City >>> Chennai
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Company Name >>> Covansys India Ltd
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Specialization >>> Covansys offers an optimal mix of business and technology professionals We provide you with an aggregate base of knowledge that is unique in the industry From start to finish the collective experience we bring to on engagement is extraordinary in its scope and breadth Domain Expertise Covansys offers high level subject matter expertise and provides high value client driven industry specific business solutions for Banking amp Financial Services Insurance Healthcare amp Life Sciences High Tech Industries Retail and Distribution Automotive amp Manufacturing Telecommunications amp Utilities We specialize in using our in depth industry knowledge to help our customers respond to current issues such as e business globalization deregulation and privacy Service Offerings Our Service Offerings includes the following 183 Infrastructure Services 183 Business Process Outsourcing BPO Services 183 ERP Services 183 Application Maintenance and Development Outsourcing Services Testing Services Technology
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WebSite >>> www.covansys.com
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Email >>> vshankar2@covansys.com
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City >>> Chennai
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Company Name >>> Crecento Technologies Pvt Ltd
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Specialization >>> Enterprise Application Integration Data Warehousing and Decision Support Internet Intranet and e Commerce solutions Inventory Management Financial Accounting systems Travel industry Logistics systems integrated with inventory and accounting system Payroll management systems Hospital Management System
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WebSite >>> www.crecento.com
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Email >>> anusha@crecento.com
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City >>> Chennai
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Company Name >>> Crisil Ltd
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Specialization >>> Offers investment research services to the world s leading investment banks and financial institutions It pioneered the outsourced research concept where the firm helps large financial institutions to carry out investment research at a time when accepted wisdom did not consider this possible Also provides equity credit and derivatives research services
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WebSite >>> www.irevna.com
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Email >>> ekbabu@irevna.com
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City >>> Chennai
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Company Name >>> Data Software Research Company (International) Ltd
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Specialization >>> Vendor to large software consulting companies specialization in technologies like IEF Composer Cool Gen and Oracle Financials extensive experience in healthcare projects including HIPAA
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WebSite >>> www.dsrc.com
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Email >>> jali@dsrc.co.in
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City >>> Chennai
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Company Name >>> Dexterity Business Analysts Pvt Ltd
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Specialization >>> Positioning as a leader in Research and Analytics Dexterity follows a Focused Differentiation Strategy Dexterity is among the Top three Indian Companies providing Technology and KPO services for Research and Analytics Dexterity provides specialized technology services in the areas including Data Warehousing and Business Intelligence Data Mining and Analytics and Process services in the areas of Survey Programming Data Processing and Analytics and Research
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WebSite >>> www.dexterity.in
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Email >>> udaya.b@dexterity.in
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City >>> Chennai
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Company Name >>> Digital Illusion Ind Pvt Ltd
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Specialization >>> Software Development Offshore Services Consultancy Projects Internet e Commerce and Application Service Provider in the area of SCM Optimisation Server Consolidation and Electronic Games
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WebSite >>> www.digitalillusion.co.in
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Email >>> achandra@digitalillusion.co.in
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City >>> Chennai
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Company Name >>> Drivestream India Pvt Ltd
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Specialization >>> A global management and IT consulting services firm with practice areas providing enterprise application solutions and custom application solutions
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WebSite >>> www.drivestream.com
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Email >>> karthikeyan@drivestream.com
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City >>> Chennai
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Company Name >>> Electronics and Computers India Ltd
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Specialization >>> Development of Software System for BPO For the use of commerce management BPO big SME companies a system has been developed The domain functional diagrams and screens are already prepared This software will be more popular than SAP and Oracle because of user friendliness and comprehensive nature Marketing propasals Invited Infrastructure Developement A build to suit IT Park at Chennai is available for lease This is situated on the prime location on the main highway Old mahabalipuram road IT Highway 8 kms from Tidel Park Area 76 000 sq ft with highest floor space efficiency This is on Chariman s own land Expression of Interest for taking on lease is invited from IT companies
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WebSite >>> www.ecindiaoutsourcing.com
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Email >>> contact@ecindiaoutsourcing.com
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City >>> Chennai
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Company Name >>> Emantras Interactive Technologies Pvt Ltd
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Specialization >>> Development of custom digital content and interactive learning solutions is our specialty Our subject matter expertise innovative instructional design engaging media production and technology leadership result in the creation of cutting edge learning experiences Our specialization include 1 Custom Content 2 Delivery Technologies 3 Rich Media Content 4 LMS Integration 5 Courseware Migration 6 Technology Solutions 7 Web Services
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WebSite >>> www.emantras.com
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Email >>> hrm@emantras.com
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City >>> Chennai
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Company Name >>> E-Softtek Pvt Ltd
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Specialization >>> E SOFTTEK Pvt Ltd is one of the Business Process Outsourcing BPO organizations accredited with the ISO 9001 2000 certification ESPL has the state of the Art IT enabled service capabilities which are the key requirements for handling ITES activities ESPL s strength capabilities and infrastructure enables it to large voluminous time bound processing activities requiring meeting of quality and service standards We are providing following services to end customers legacy data conversion xml conversion Enterprise Content development and software development
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WebSite >>> www.esofttek.com
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Email >>> jayashri_m@esofttek.com
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City >>> Chennai
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Company Name >>> Exceed Technologies Pvt Ltd
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Specialization >>> Software development company with focus on real estate and financial services industries Also provides technology products process outsourcing and consulting services
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WebSite >>> www.exceedintl.com
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Email >>> benedictvictor.thomas@exceedintl.com
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City >>> Chennai
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Company Name >>> Ford Business Service Center Private limited
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Specialization >>> Accounting Transaction processing Audit Internal Control Call Center
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WebSite >>> www.ford.com
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Email >>> smulchan@ford.com
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City >>> Chennai
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Company Name >>> GAVS Information Services Private Limited
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Specialization >>> Our diversified portfolio and rapid assimilation capabilities ensure that we can be a one stop reliable partner for all the IT related business needs of our customers We have a successful track record in developing customer solutions in the following areas Infrastructure Managed Services Application Services Enterprise Application Integration Data Warehousing Business Intelligence Business Analytics We have a well defined methodology to update and expand our service offerings to meet the evolving needs of the global marketplace
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WebSite >>> http://www.gavsin.com
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Email >>> vijaykumar.gururajan@gavsin.com
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City >>> Chennai
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Company Name >>> Global Business Technology Services Pvt Ltd
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Specialization >>> IT Services including consulting systems study integration re engineering data warehousing data management software development and maintenance data center management and legacy conversion and maintenance e business solutions including Microsoft technologies Java J2EE Struts SAP ERP development and maintenance printing and archiving solutions and IT enabled services including HR BPO back office support policy management and claims processing data analysis and MIS
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WebSite >>> www.gbtsgroup.com
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Email >>> ngopal@teksystems.com
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City >>> Chennai
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Company Name >>> Hire Right Inc.
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Specialization >>> Pre employment screening
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WebSite >>> www.hireright.com
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Email >>> tcanning@hireright.com
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City >>> Chennai
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Company Name >>> HTC Global Services (India) Pvt Ltd
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Specialization >>> 1 IT Services IT Strategy Consulting Application Development Application Migration Enterprise Application Integration Application Maintenance and Support Embbeded Systems Product Co development Packaged Solutions Implementation Professional Services 2 BPO and ITES Business Process Improvement Digital Imaging and Data Conversion Back Office Processing Technical Help Desks IT Infrastructure Management 3 Products Process and Project Management Sales Order Management Financial Accounting Inventory Management Human Performance Management Training Management Workflow Management Sales Force Automation Grant Management Campus and Library Management Data Capture Solution 4 Solution Frameworks Testing Ser
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WebSite >>> www.htcinc.com
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Email >>> bhaskarrao@htcindia.com
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City >>> Chennai
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Company Name >>> ISG Novasoft Technologies Ltd (A company in the K K Birla Group)
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Specialization >>> ISGN is the first platform based KPO providing technology solutions advisory services and process outsourcing in the residential mortgages industry ISGN offerings provide a full range of comprehensive services for the residential mortgage industry Today ISGN is a single source provider for platform based technology solutions advisory services and KPO
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WebSite >>> www.isgn.com
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Email >>> robina.a@isgn.com
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City >>> Chennai
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Company Name >>> Lapiz Digital Services (A Div. of Ultramarine & Pigments Ltd)
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Specialization >>> Litigation support services publishing services cataloging services and healthcare services
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WebSite >>> www.lapizdigital.com
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Email >>> indira.rajan@lapizdigital.com
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City >>> Chennai
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Company Name >>> Ma Foi Consulting Solutions Ltd
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Specialization >>> HR Consulting HR Automation HR Outsourcing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.mcsl.co.in
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Email >>> prasanna.k@mcsl.co.in
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City >>> Chennai
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Company Name >>> NatureSoft Private Limited
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Specialization >>> 1 Application Development and Maintenance a Application Portfolio consulting b Custom Application development Linux and Open Source NET J2EE Java etc c Application Testing d Application Maintenance e Application Transformation and Reengineering f Enterprise Application Reengineering 2 eLearning Custom Content Development 3 Verification and Validation Services 4 Project Management Services 5 Linux Support Services 6 Market Entry Services
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WebSite >>> www.nature-soft.com
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Email >>> pm@nature-soft.com
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City >>> Chennai
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Company Name >>> NetraScribe Pvt. Ltd.
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Specialization >>> Medical Transcription Business Transcription Data Processing
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WebSite >>> www.netrascribe.com
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Email >>> vasudev_v@mailcity.com
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City >>> Chennai
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Company Name >>> Niteo Technologies (P) Ltd
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Specialization >>> Software Development Onsite Services Offshore Services Consultancy Projects System Integration Internet e Commerce IT Enabled Services
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WebSite >>> www.niteo.com
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Email >>> h.nichani@niteo.com
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City >>> Chennai
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Company Name >>> NTrust Infotech Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Real estate lease administration software lease abstraction and administration services and outsourcing back office operations in real estate vertical
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ntrustinfotech.com
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Email >>> ssuresh@ntrustinfotech.com
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City >>> Chennai
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Company Name >>> Optimus Global Services Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Transaction Processing Services Optimus offers transaction processing services including Application Processing such as account opening Debit Credit Card Processing Settlement and Management Reporting Service We also provide Document Management Service Customer Interaction Services Optimus provides support services using different channels of communication Inbound Services Customer service Technical helpdesk support Information requests and Product support Outbound Services Customer acquisition and retention Collectibles receivables Telemarketing and Lead generation Web based Services Optimus technically savvy well trained customer service representatives respond to customers queries in real time through E mail and Chat Program services Delinquency Management Optimus provides Delinquency Management Services which aims at enhancing productivity and profitability by streamlining the Collections Management of their Business The process is aimed at improving efficiencies while keeping the cost of collections under control Optimum the comprehensive card solutions from Optimus encompasses Intellect Cards Management platform Processing services Issuance Acquiring Collection Fraud Management and Customer Service Robust Infrastructure Support and Domain Consulting Mortgage Processing Optimus provides services related to Lead Generation Lead Processing including loan application data entry and submission the
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.optimus.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> chiranjib.chatterjee@polaris.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Perot Systems Business Process Solutions India Pvt Ltd
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Specialization >>> Financial Administration Our IBPS Financial Administration offering includes Provider Hospital Revenue Cycle Management Services Physician Billing Services an emerging Procurement capability and Finance amp Accounting F amp A offering Claims Policy Administration Our IBPS Claims Policy Administration includes health and life insurance claims processing and policy administration and an emerging life variable group and enrollment capability
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.perotsystems.com/processes
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> manish.jain@ps.net
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City >>> Chennai
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Company Name >>> Polaris Software Lab Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Polaris solutions span the entire breadth of the Banking Financial Services and Insurance BFSI industry and are aimed at delivering tangible results by facilitating our customers business strategies and helping them achieve their goals Service Offerings Application Development Re engineering Maintenance Solution Integration Global Deployment Application Certification Business Consulting Horizontals Front end Technology Internet Technology Customer Relationship Management Enterprise Knowledge Management Network Management Mainframe Middleware Technology Mobile Technology Enterprise Resource Planning Enterprise Application Integration Application Certification Data Warehousi
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.polaris.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> lakshmi.ramesh@polaris.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Quscient Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> 1 Process consulting Study and modification of business processes to ensure process objectives are met with high quality high speed and low cost 2 Contact center Management of customer relationship through customer life cycle pre acquisition and post acquisition by staying in touch through telephone email chat and other methods Provision of tele marketing tele selling tech support and help desk services 3 Transaction processing Processing of documents into OLTP systems including book keeping preparation of financial accounts Edgarisation digitization and a wide variety of input processing services including Transcript evaluation for a US university 4 Technology services Design and deployment of software solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.quscient.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> trs@quscient.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Rising Solutions Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Embedded system software development Scada systems automation enterprise management applications
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.kosmicsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> chandar@kosmicsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Sankhyaa Learning Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> The company s activity encompasses various areas of Math education This includes developing high quality animated on line lessons for K 12 Math curriculum creation of on line question and solution bank covering different curriculum standards creation and delivery of on line tests and assessment programs assisting teachers in Lesson Planning delivering tests and assignments and reviewing student progress Implementation and maintenance of Learning Management System for partner schools facilitating student exchange and interaction between teachers from differnt geographies action research in the area of Math education cooperation with School Districts and government Education Departments in implementation of Technology in Education in general and E Learning for Math in particular Following was the old text Provides research and consultancy services in areas such as education and knowledge management including homework helplines personalised tutoring and research to enable informed financial decision making and completion of other knowledge based tasks for working households around the world with the Internet as the primary delivery platform
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.heymath.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> basumitra.basu@heymath.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Scope e-Knowledge Center Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Scientific technical and medical STM databases abstraction iindexing documents and research services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.scopeknowledge.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sivadas@scopeknowledge.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Scope International Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Scope International handles a wide range of value added and complex services from Banking Operations to supporting global HR processes Finance and Accounting services Software Development and maintenance providing IT Service and Helpdesk support to the Group globally and Integrated Contact Centre Scope is a critical component of the Bank it provides the Group scale efficiency and talent while enabling superior service to the end customer In tandem with the Bank s robust growth Scope has also expanded and has added more complex processes to it s offering in areas such as Basel Anti Money Laundering Compliance Legal Credit Analytics etc The International Software Centre India ISCI of Scope is the total IT solutions provider for Standard Chartered Bank s global businesses It provides software and systems support to the Bank for 200 applications across the global footprint
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.scopeinternational.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> shashi.ravichandran@in.standardchartered.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Secova eServices Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Benefits administration payroll human resources operations and data services The company s services include full medical dental life AD D vision and long term short term disability health advocacy line enrollment and eligibility services COBRA HIPAA administration premium billing collection administration and reconciliation leave management services retiree services gross to net payroll processing complex payroll data entry and calculations benefits and workers compensation calculations garnishment processing direct deposit or paper check processing time and attendance administration and handling of federal state and local tax computations
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.secova.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> vinod@secova.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> SPI Technologies India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Our core competencies include Content Editorial and Production Content transformation services such as content enrichment e g copyediting and layout content conversion content structuring e g abstracting and indexing and content delivery across multiple data and delivery formats Business Process Support and Management Support capabilities related to either content editorial and production processes or to broader publishing processes Content Coding and Electronic Data Discovery EDD Conventional coding and online coding services and of large scale electronic data discovery services Content Transcription Audio transcription services that convert analog data to digital formats Transaction Processing Large scale high quality rules based transaction processing services Database Structuring and Management Large scale content structuring formatting and management of information databases
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.spitech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> G.Manchi@spi-bpo.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Summit HR Outsourcing Services Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Talent Management Services HR is a critical function which includes sourcing assessment interviewing new hire administration and orientation An effective Recruitment Process Outsourcing arrangement involves standardized recruiting processes and platforms for workforce planning applicant tracking and workflow Summit has established systems resources and workforce strategies that help effectively compete for talent deploy and retain human capital We develop candidate pools assess and select candidates develop and manage recruiting functions all this while offering customized quality service based on best practices Payroll Benefits amp Tax compliance Summit s comprehensive payroll management service offers the complete administration required to manage payroll records such as inputting reviewing auditing and finalizing the payroll transactions to the back end production process which includes payroll calculations print distribution and payroll tax management services Summit s Benefits management service includes administration of health and welfare plans enrollment and eligibility processing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.summithrww.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> raziaa@summithrww.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Sundaram Business Services (A Division of Sundaram Finance Ltd)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> General ledger related accounting Including AP AR Online Accounting and Bank reconciliation Wealth Management Fund accounting Employee administration which includes payroll processing staff welfare benefit administration and settlement Banking and Credit which includes processing for Auto loans Mortgage consumer loans Fixed Deposits Post dated cheque handling Bank account opening and credit card processing and General and Life insurance processing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.sundarambizserv.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> veekay@sundarambpo.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Sutherland Global Services Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Sutherland Global Services is a multinational IT Enabled and Business Process Outsourcing BPO company specializing in Customer Management and Back office services for Global 1000 clients Having started operations in 1986 in Rochester New York Sutherland now employs over 18 000 professionals offering right shored blended services from its 18 delivery centres in India the United States Philippines Canada and Mexico By integrating highly trained people with state of the art technology and proven business methodologies Sutherland collaborates with clients to help them excel in their industry and maximise their customer lifetime value Sutherland specialises in providing high availability infrastructure highly secure voice and data networks and a dedicated workforce to enable its clients to achieve substantial business results improved performance and greater cost reductions than the client could achieve on their own In every engagement Sutherland develops a deep understanding of the client s existing processes and technology Then a business transformation team deploys cost effective solutions designed to improve existing processes and efficiencies With its robust risk mitigating and time tested transition methodologies Sutherland has evolved from being a provider of outsourcing services into a strategic partner that in many cases owns the ultimate business and financial objectives of its clients With innovative technology stringent security standa
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.suth.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ks_kumar@suth.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Trimentus Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Global Software process consulting company with a mission to offer end to end Software Process Improvement SPI and Software Quality Assurance SQA services It provides solution through SEI Authorised services Software Engineering Standards and Models
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.trimentus.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> pmshareef@trimentus.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Zenta Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> From origination and throughout the customer lifecycle Zenta delivers deep end to end servicing solutions These include credit card servicing account receivables management mortgage servicing bank back office processing and IT services Zenta offers extensive expertise in pre charge off collection services in the area of debt collection The company s account receivables solutions allow clients in the Telecommunications and Financial Services industry to maximize recoveries improve cash flow enhance customer relationships and deliver operational efficiencies helping them to increase their bottom line Zenta s account receivables management services include Customer origination customer service collections fraud management an
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.zentagroup.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> jghumman@zenta.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

IT Software Services Companies in Chennai

2008-04-22T11:27:00.000-07:00

Company Name >>> Accel Frontline Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Provides end to end enterprise IT solutions specializing in IT Infrastructure Management Enterprise Software Solutions and Business Process Outsourcing Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.accelfrontline.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> nrpanicker@accel-india.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> AdventNet Development Centre (India) Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Network management solutions for OEMs and enterprises
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.adventnet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sivanandam@adventnet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Ajuba Solutions (India) Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Healthcare collections and accounts receivables management Insurance call center services transaction processing data entry conversion database creation claim processing customer interaction telemarketing analytics market research coding and call center services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ajubanet.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> shankar.n@ajubanet.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Alcatel Development India Private Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Telecom Software Development
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.alcatel-lucent.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> a.sethuraman@alcatel-lucent.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Alden Prepress Services Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> The initial focus is on developing APPS into a world class production base for electronic publishing especially scientific and academic books and journals Capacities will be continuously enhanced to meet the growing business from US clients the logical movements forward will be Editorial base Typesetting base Template and Software Enhancement base Customer Relationship Management base and possibly Printing base over a 5 7 year period Developing and sustaining a quality management system under ISO 9000 will be crucial ingredient in the corporate growth
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.alden.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> nigel@alden.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Altosys Software Technologies Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Offers enterprise IT solutions that include software product development services web based application development Healthcare IT multimedia security Linux Solutions and migration e Publishing and business process outsourcing BPO services Altosys offers enterprise IT solutions which include software product development services Linux Solutions and migration e Publishing and business process outsourcing BPO services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.altosys.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> k.prabhakar@altosys.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> American Megatrends (India) Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> BIOS Customisation Device Driver Firmware Development Embedded Solutions Storage Solutions E Commerce and Web related projects
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.amiindia.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> priyar@amiindia.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> AmitySoft Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Testing Services Product Testing Manual Testing Test Automation using Win Runner QTP IBM Rational Functional Tester and Load Testing using Load Runner amp IBM Rational Load Tester Consulting and Implementation of Quality Certification ISO 9001 2000 and CMMI for IT BPO companies Consulting and implementation of Information Security Certification 7799 ISO 27001 for IT BPO companies Consulting and implementation of COSMIC FFP estimation technique Corporate and Retail training on Software Testing Manual Testing Test Automation Quality Management Finishing School for Software Testing Specialised software engineering and support services Software Product Testing Tool for conducting on line tests for recruitment amp training
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.amitysoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> jayakumar@amitysoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Arrowpoint Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> J2EE Weblogic Oracle 9iAS Websphere Web Methods Web Services JAXB JAXP XML B B Integration Portal Implementation Functional and Regression Testing Net Framework VB Net C Net ADE ODE ASP Net Web Services Oracle ERP Data Warehousing BIS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.arrowpointtechnologies.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sales@arrowpointtechnologies.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Aspire Systems (India) Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Aspire offers product development product advancement product maintenance product testing and product implementation services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.aspiresys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> bhoo.thirumalai@aspiresys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Bahwan CyberTek Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> BCT s product engineering business led by Cuecent Practice is focused on technical superiority leading to the development of world class products and significant IP The Cuecent range of products provides strategic solutions to the BFSI corporate utility and government verticals Bahwan CyberTek is a strategic partner to the world s most admired enterprise application software and technology provider BCT has been honoured with the quot Oracle Business Excellence Award 2004 quot for outstanding performance on Oracle E business suite BCT s association with Oracle has grown from strength to strength over the years Today Oracle rates BCT s implementation services as one of the best and is helping BCT foray into new geographies BCT s Business Transformation solutions are aimed to help its customers align their organisation with their business strategy and prepare its employees for high performance and capitalization of the experience of the organization BCT incidentally is the first 4th Party Logistics 4PL operator in the Oil amp Gas sector BCT is a premier outsourcing services provider specializing in customer support centers and Business Process Outsourcing BCT provides its customers with a full array of business process services underpinned by operational quality and cost effectiveness
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.bahwancybertek.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> chari@bahwancybertek.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Carbonon Tech Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Carbonon is into 3D Game Art Assets 3D Animation cinematics cut scenes 3DModeling Medical Animation Product Design amp Architectural Animation Video Game Development virtual worlds development Flash action scripting Adobe Flex
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.carbonon.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> arun@carbonon.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Changepond Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Enterprise software solutions and services mechanical engineering services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.changepond.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sindhu@changepond.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Cherrytec Solutions Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Offshore Development Being as ISO 9001 certified company Cherrytec follows the standard SDLC Process The whole methodology is divided into thirteen stages and the respective authorities review each of these stages Onsite Consultancy Onsite Consulting is preferred to facilitate knowledge transfer and communication to the existing in house Client s Staff The presence of an existing testing lab bandwidth restrictions and security constraints may also influence the decision for Onsite Consulting iSourcing Cherrytec s Intelligent Sourcing iSourcing program trademarked Swift is the long term contracting of Client s IT business processes to Cherrytec Swift carefully examines the process and creatively improves the way it is actually performed Maximum value addition is ensured in every aspect of Client s IT business process eServices in the Information Technology Cherrytec developing Web Application Web Enabling and Web Presence and details are as follows Web Applications Cherrytec s Web Applications include e Commerce amp e Business applications that help build business intelligence on the Web Web Enabling Cherrytec addresses the Web Enabling requirements of its Clients through an integrated consistent presentation for all applications and Web Presence Cherrytec assists its Clients to build an online strategy establish a digital brand and build Websites to deliver powerful messages over the Internet
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.cherrytec.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> kannant@cherrytec.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> CI.COM (P) Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> CI as your business partner is committed in providing quality solutions and services with experience gathered in various business domains and in the latest technologies available CI offers software solutions in various technologies across multiple platforms to corporates who are in need of cost effective solutions Some of the services offered by CI are 183 End to End Mobile Solutions 183 Solution driven software services 183 Turnkey solutions for upstream business applications 183 Development of decision support tools for management 183 Web Applications Mobile applications are some of the core areas serviced 183 Data porting amp migration 183 Performance tuning 183 Quality Testing amp Assurance 183 Business Process Outsourcing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ciindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sarada@ciindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Cognizant Technology Solutions India Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Verticals Financial services insurance banking healthcare life sciences manufacturing retail telecom media and entertainment Solutions Application development maintenance testing and e business Infrastructure services Business process outsourcing System integration and packaged software such as ERP and CRM Enterprise Consulting Technology Architecture Program Management
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.cognizant.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ramkumar@cognizant.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> CollabNet Software Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Distributed Development On Demand Software as a Service Subversion Application Lifecycle Management software development project management knowledge management and communication management
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.collab.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> saran@collab.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Congruent Info-Tech Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> The Congruent team has a proven track record for delivering high quality software in the Microsoft Dynamics products space and solutions across a broad spectrum of technologies and has built a reputation of integrity and efficiency It provides systems integration and consulting services Other services internet programming e commerce web design web server applications and database applications
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.congruentindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> rajeshm@congruentindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Congruent Solutions Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Managing offshore development centers for SMBs benefit fund administration domain EAI building adapters legacy systems integration Use of XML and related standards like IFX OFX voice response for applications using VoiceXML and SALT technologies and mobile applications
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.congruentsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> Sriganesh.r@cspl.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Covansys India Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Covansys offers an optimal mix of business and technology professionals We provide you with an aggregate base of knowledge that is unique in the industry From start to finish the collective experience we bring to on engagement is extraordinary in its scope and breadth Domain Expertise Covansys offers high level subject matter expertise and provides high value client driven industry specific business solutions for Banking amp Financial Services Insurance Healthcare amp Life Sciences High Tech Industries Retail and Distribution Automotive amp Manufacturing Telecommunications amp Utilities We specialize in using our in depth industry knowledge to help our customers respond to current issues such as e business globalization deregulation and privacy Service Offerings Our Service Offerings includes the following 183 Infrastructure Services 183 Business Process Outsourcing BPO Services 183 ERP Services 183 Application Maintenance and Development Outsourcing Services Testing Services Technology
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.covansys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> vshankar2@covansys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Crecento Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Enterprise Application Integration Data Warehousing and Decision Support Internet Intranet and e Commerce solutions Inventory Management Financial Accounting systems Travel industry Logistics systems integrated with inventory and accounting system Payroll management systems Hospital Management System
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.crecento.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> anusha@crecento.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Cybernet Software Systems Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Product engineering services product engineering sustenance engineering Re engineering Migration product co development QA Testing Enterprise services enterprise solutions advisory services sustenance engineering services e business solutions Infrastructure management services payment solution portals on line auctions enterprise collaboration technical support offshore product engineering lotus notes workflow Independent verification and validation Lotus Notes Domino Technology vendors ISV Software vendors
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.cybernetsoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sudharsan.desikamani@csscorp.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Data Software Research Company (International) Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Vendor to large software consulting companies specialization in technologies like IEF Composer Cool Gen and Oracle Financials extensive experience in healthcare projects including HIPAA
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.dsrc.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> jali@dsrc.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Dexterity Business Analysts Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Positioning as a leader in Research and Analytics Dexterity follows a Focused Differentiation Strategy Dexterity is among the Top three Indian Companies providing Technology and KPO services for Research and Analytics Dexterity provides specialized technology services in the areas including Data Warehousing and Business Intelligence Data Mining and Analytics and Process services in the areas of Survey Programming Data Processing and Analytics and Research
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.dexterity.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> udaya.b@dexterity.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Digital Illusion Ind Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Development Offshore Services Consultancy Projects Internet e Commerce and Application Service Provider in the area of SCM Optimisation Server Consolidation and Electronic Games
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.digitalillusion.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> achandra@digitalillusion.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Drivestream India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> A global management and IT consulting services firm with practice areas providing enterprise application solutions and custom application solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.drivestream.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> karthikeyan@drivestream.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Element K India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Development Application Services Provider and IT Training
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.elementk.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> suresh_kumar@elementk.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Emantras Interactive Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Development of custom digital content and interactive learning solutions is our specialty Our subject matter expertise innovative instructional design engaging media production and technology leadership result in the creation of cutting edge learning experiences Our specialization include 1 Custom Content 2 Delivery Technologies 3 Rich Media Content 4 LMS Integration 5 Courseware Migration 6 Technology Solutions 7 Web Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.emantras.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> hrm@emantras.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> E-Softtek Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> E SOFTTEK Pvt Ltd is one of the Business Process Outsourcing BPO organizations accredited with the ISO 9001 2000 certification ESPL has the state of the Art IT enabled service capabilities which are the key requirements for handling ITES activities ESPL s strength capabilities and infrastructure enables it to large voluminous time bound processing activities requiring meeting of quality and service standards We are providing following services to end customers legacy data conversion xml conversion Enterprise Content development and software development
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.esofttek.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> jayashri_m@esofttek.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Exceed Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software development company with focus on real estate and financial services industries Also provides technology products process outsourcing and consulting services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.exceedintl.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> benedictvictor.thomas@exceedintl.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Extreme Networks India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Develops innovative networking technologies designed for building open converged networks
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.extremenetworks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> mkoshy@extremenetworks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Firstware Software Solutions (A Division of Brilliant Tutorials Pvt Ltd)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Internet and intranet solutions Microsoft technologies client server applications and enterprise business solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.first-ware.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> shyam@first-ware.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Future Focus Infotech Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Focus Infotech specializes in the following areas 1 IT HR Consulting Services 2 Software Development and Maintenance
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.focusinfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> veeren@focusinfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> GAVS Information Services Private Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Our diversified portfolio and rapid assimilation capabilities ensure that we can be a one stop reliable partner for all the IT related business needs of our customers We have a successful track record in developing customer solutions in the following areas Infrastructure Managed Services Application Services Enterprise Application Integration Data Warehousing Business Intelligence Business Analytics We have a well defined methodology to update and expand our service offerings to meet the evolving needs of the global marketplace
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> http://www.gavsin.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> vijaykumar.gururajan@gavsin.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Gemini Systems (India) Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> An IT consulting services company that solves specific business needs
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.gemini-systems.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> viswanath.thamma@gemini-systems.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Global Business Technology Services Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> IT Services including consulting systems study integration re engineering data warehousing data management software development and maintenance data center management and legacy conversion and maintenance e business solutions including Microsoft technologies Java J2EE Struts SAP ERP development and maintenance printing and archiving solutions and IT enabled services including HR BPO back office support policy management and claims processing data analysis and MIS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.gbtsgroup.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ngopal@teksystems.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Helios & Matheson Information Technology Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Custom application software development implementation integration maintenance services for healthcare and BFSI IT infrastructure support IT security product engineering migration data management technology consulting application life cycle management enterprise systems management package implementation software testing services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.heliosmatheson.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> murali.gk@heliosmatheson.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Hire Right Inc.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Pre employment screening
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.hireright.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> tcanning@hireright.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> HTC Global Services (India) Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> 1 IT Services IT Strategy Consulting Application Development Application Migration Enterprise Application Integration Application Maintenance and Support Embbeded Systems Product Co development Packaged Solutions Implementation Professional Services 2 BPO and ITES Business Process Improvement Digital Imaging and Data Conversion Back Office Processing Technical Help Desks IT Infrastructure Management 3 Products Process and Project Management Sales Order Management Financial Accounting Inventory Management Human Performance Management Training Management Workflow Management Sales Force Automation Grant Management Campus and Library Management Data Capture Solution 4 Solution Frameworks Testing Ser
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.htcinc.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> bhaskarrao@htcindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> iMantras India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Provides systems to the insurance industry with applications deployed through out the world Also provides innovative tailored solutions using Java J2EE WebSphere DB2 and Oracle technologies Please click on our product links for more information EMBRE Broking A reinsurance broking software solution EMBRE Claims An insurance claims management software EMBRE Outwards A solution to manage outwards reinsurance EMBRE FileAccess An enterprise document management system
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.imantras.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ravi@imantras.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> iNautix Technologies India Private Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Online trading applications financial websites and integrated portals
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.inautix.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> mnarayanaswamy@inautix.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> India Comnet International Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Development Onsite Service Offshore Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.comneti.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ajoykumar@comneti.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> InLogic BizCom Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Provide services in Health Information ERP and other Software Development Projects with their expertise in Health Informatics Data Mining Digitalization of Records Research Development and Portal ecommerce
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.inlogicbiz.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> suresh.pn@inlogicbiz.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Insoft.com Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Insoft builds dedicated teams for every client and therefore the area of specialisations widely varies with every client s needs Listed below are the areas Insoft is currently servicing its clients Dynamic Websites Web Based Applications Administrative products ERP Mobile technologies System Oriented applications Animation software Technology or domain is never a bottleneck for the growth of Insoft as it builds teams for every client and the teams work exclusively on the projects of the client
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.insoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ambiga@insoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> ISG Novasoft Technologies Ltd (A company in the K K Birla Group)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> ISGN is the first platform based KPO providing technology solutions advisory services and process outsourcing in the residential mortgages industry ISGN offerings provide a full range of comprehensive services for the residential mortgage industry Today ISGN is a single source provider for platform based technology solutions advisory services and KPO
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.isgn.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> robina.a@isgn.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> K7 Computing Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Security Software Development Security Consulting
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.k7computing.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> k7@k7computing.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Kaavian Systems Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Kaavian combines industry specific expertise and flexible delivery model providing the best SAP solutions in Technical Interface Functional and Cross Functional areas Our SAP strengths include 1 Risk management solutions for SAP customization and integration 2 On site off site and offshore development capabilities all within one project management organization 3 Experience in all SAP and cross applications 4 Experience in business process re engineering 5 Custom application development 6 Cost effective fast and accurate solutions SAP Solution Manager supports throughout the entire lifecycle of solutions from the Business Blueprint through configuration to production operation It provides central access to tools methods and preconfigured content usable during the evaluation implementation and productive operation of systems Key features include Implementation of mySAP Business Suite Customizing Synchronization Test Global Rollout and E Learning Management Implementation includes Preparation Blueprint Realization Quality Check Delivery and Go Live and Cut Over of functional and cross functional areas SAP Upgradation and Support are also provided
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.kaaviansys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> rajen@kaaviansys.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> KCP Technologies Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Custom Software Solutions RF ID based solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.kcp.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ravi@kcp.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> KLA-Tencor Software India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Development Application Engineering
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.kla-tencor.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> chakradhar.chegu@kla-tencor.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Lapiz Digital Services (A Div. of Ultramarine & Pigments Ltd)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Litigation support services publishing services cataloging services and healthcare services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.lapizdigital.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> indira.rajan@lapizdigital.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Laser Soft Infosystems Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Laser Soft is well known in the industry for its best of breed solutions across various banking domains and unmatched service support that it provides to its customers Laser Soft has proven capability to deliver product based and custom developed solutions to suit the regular as well as special needs of a technology savvy Bank to achieve its business plan Laser Soft believes that each Bank is unique with its own business model and business plan and believes in providing customized solutions to meet the business model and business plan of each Bank Laser Soft is the only vendor to offer all required products for a Bank eliminating the hassles of having disparate systems integrated Laser Soft is the only company to offer and continue to support low cost high volume Cobol Based Core Banking Solution as well as a Web enabled Oracle based modern Core Banking solution
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.lasersoft.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> thampi@lasersoft.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Lason India Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Electronic media service systems and software services forms processing services and professional services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.lasonindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> jay@lasonindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Maveric Systems Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Leading independent software testing company with a strong and dedicated focus across a few select verticals like banking financial services insurance and healthcare Over the past six years Maveric has been pioneering the outsourcing model in software testing by virtue of its domain expertise strong delivery management and multi locational test delivery facilities Maveric works with customers as a seamless testing partner taking accountability for end to end testing engagements Maveric focuses on providing managed services and is not limited to resource augmentation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.maveric-systems.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> subbunn@maveric-systems.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Megasoft Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Application development re engineering maintenance and migration for life sciences telecom BFSI and government Onsite offshore services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.megasoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ross@megasoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Nalli Soft Solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software development consultancy and projects products and packages
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.nallisoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> dinesh@ncssoft.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> NatureSoft Private Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> 1 Application Development and Maintenance a Application Portfolio consulting b Custom Application development Linux and Open Source NET J2EE Java etc c Application Testing d Application Maintenance e Application Transformation and Reengineering f Enterprise Application Reengineering 2 eLearning Custom Content Development 3 Verification and Validation Services 4 Project Management Services 5 Linux Support Services 6 Market Entry Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.nature-soft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> pm@nature-soft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> NEC Business Coordination Centre (Singapore) Pte Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software services Procurement from India and its neighbor countries
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.nec.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sangeedha.m@necindia.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Niteo Technologies (P) Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software Development Onsite Services Offshore Services Consultancy Projects System Integration Internet e Commerce IT Enabled Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.niteo.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> h.nichani@niteo.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> NTrust Infotech Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Real estate lease administration software lease abstraction and administration services and outsourcing back office operations in real estate vertical
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ntrustinfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> ssuresh@ntrustinfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> OrangeScape Technologies Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> An innovation driven software product company
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.orangescape.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> smenon@orangescape.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Polaris Software Lab Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Polaris solutions span the entire breadth of the Banking Financial Services and Insurance BFSI industry and are aimed at delivering tangible results by facilitating our customers business strategies and helping them achieve their goals Service Offerings Application Development Re engineering Maintenance Solution Integration Global Deployment Application Certification Business Consulting Horizontals Front end Technology Internet Technology Customer Relationship Management Enterprise Knowledge Management Network Management Mainframe Middleware Technology Mobile Technology Enterprise Resource Planning Enterprise Application Integration Application Certification Data Warehousi
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.polaris.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> lakshmi.ramesh@polaris.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Quintegra Solutions Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Custom application development and maintenance in o E business technologies Java J2EE NET ASP etc o Legacy Systems o Business Intelligence IT Infrastructure Consulting Software Product Support Quality Testing Quality Consulting SAP ERP implementation and support Siebel CRM implementation and support
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.quintegrasolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> balaji.sharma@quintegrasolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Quscient Technologies Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> 1 Process consulting Study and modification of business processes to ensure process objectives are met with high quality high speed and low cost 2 Contact center Management of customer relationship through customer life cycle pre acquisition and post acquisition by staying in touch through telephone email chat and other methods Provision of tele marketing tele selling tech support and help desk services 3 Transaction processing Processing of documents into OLTP systems including book keeping preparation of financial accounts Edgarisation digitization and a wide variety of input processing services including Transcript evaluation for a US university 4 Technology services Design and deployment of software solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.quscient.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> trs@quscient.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Ramco Systems Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Enterprise solutions Ramco Enterprise Series Personalized Enterprise Solutions Enterprise products Ramco DecisionWorks Ramco e Applications Enterprise process solutions Plant Automation Optimization Enterprise services CRM Secure Convergence Solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.ramco.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> coo@rsi.ramco.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> Rising Solutions Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Embedded system software development Scada systems automation enterprise management applications
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.kosmicsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> chandar@kosmicsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Saksoft Limited
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Saksoft is a focused provider of Information Management Business Solutions delivering Solutions to Business Needs by combining Consulting Domain and Technical skills Saksoft s IVM Information Value Management model enables Saksoft to bring solutions that deliver sound business value Saksoft provides full Life Cycle Support Services from Domain or Technology IT consulting Custom Development 3rd Party Business Application Testing Production Maintenance Services to Resource Augmentation Saksoft can deliver Consulting Analysis and Analytics work Unified customer view Dashboards Customer centric DWH Design Satellite applications that either delivers competitive features amp functionalities and or new technology based service channel 3rd party testing to support Resource Augmentation to tide over peaks in people count or technology gaps and BI solutions that report KPI s of the business health
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.saksoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> adityak@saksoft.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
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Company Name >>> SCM Microsystems (India) Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Wholly Owned Subsidiary of SCM U K
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.scmmicro.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> svenkataraman@scmmicro.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Sella Synergy India Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Software packages projects analysis and development commissioned by the customer business areas cooperation with the customer IT department in the software development support in the programs procedures post delivery and maintenance
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.sella.it
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sreekaanth@sella.it
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Servion Global Solutions Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Servion takes a consulting led approach to optimize customer interaction for its clients Servion offers solutions across eight segments of the CIM industry technology consulting Contact Center intelligence and reports agent productivity outbound interaction management self service workforce management quality monitoring and process management to a wide range of verticals such as banking and finance telecommunications business process outsourcing transportation retail and hospitality These CIM solutions are delivered through Servion s Consulting and Engineering arms using five different services application maintenance custom development product development systems integration and research and development
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.servion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> vaishali@servion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> SkyTECH Solutions Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> IT consultancy and niche software solutions and products for the global travel transport and logistics industry
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.skytechsolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> srinivasanr@skytechsolutions.co.in
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> SolutionNET India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Banking insurance manufacturing financial services and healthcare
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.solutionnet.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> patn@solutionnet.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> SPI Technologies India Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Our core competencies include Content Editorial and Production Content transformation services such as content enrichment e g copyediting and layout content conversion content structuring e g abstracting and indexing and content delivery across multiple data and delivery formats Business Process Support and Management Support capabilities related to either content editorial and production processes or to broader publishing processes Content Coding and Electronic Data Discovery EDD Conventional coding and online coding services and of large scale electronic data discovery services Content Transcription Audio transcription services that convert analog data to digital formats Transaction Processing Large scale high quality rules based transaction processing services Database Structuring and Management Large scale content structuring formatting and management of information databases
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.spitech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> G.Manchi@spi-bpo.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Sundaram Infotech Solutions (A Division of Sundaram Finance Ltd)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Business Solutions for Banking Financial Services sector Enterprise Solutions ERP with focus on Microsoft Business Solutions Axapta Navision Data warehousing Business Intelligence product solutions networking data center services eBusiness eCommerce solutions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.sundaraminfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> kswami@sundaraminfotech.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Sword Global (India) Pvt Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Application management Testing Management Beopoke Software
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.globalsw.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> lgraman@sword-in.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Take Solutions Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Suite of products for the Life Sciences Supply Chain Management Financial Services and Government vertical
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.takesolutions.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> neera@takescm.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Telesis Global Solutions Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Domain expertise in core banking business intelligence ERP implementations risk management and regulatory policies and operations
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.telesisglobal.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> sekardr@telesisindia.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> Temenos India Pvt. Ltd.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Integrated banking software Implementation Consultancy to banks ERP for banks
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.temenos.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> rrameshkannan@temenos.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

Company Name >>> The World Bank (IBRD)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Specialization >>> Offshore Services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
WebSite >>> www.worldbank.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Email >>> skumar2@worldbank.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
City >>> Chennai
****************************************************************

TCS net up 4.15% YoY, down 6.17% QoQ

2008-04-22T02:17:00.000-07:00

Weak volumes took their toll on Tata Consultancy Services Ltd, India's largest software-services company, which reported financial results for the quarter ended March 2008.

The company’s net profit rose 4.15 per cent to Rs 1,245 crore as compared to the same quarter of the previous year, while revenue was up 18.13 per cent to Rs 6,098 crore. Compared to the previous quarter (third of 2007-08), its net profit was down 6.17 per cent.

Except for Satyam Computer Services, which posted 7.7 per cent net profit growth quarter-on-quarter, all the other tier-I information technology firms (Infosys, HCL and Wipro) reported poor sequential growth numbers. The three firms have recorded low sequential growth in revenue as well.

For the full year, TCS reported 19.31 per cent growth in net profit to Rs 5,026 crore, while its revenues grew 22.36 per cent to Rs 22,863 crore.

N Chandrashekaran, chief operating officer and executive director, TCS, attributed the drop in sequential net profit to "some delays in the confirmation of projects and some assured ramp-ups are getting delayed by a quarter or so." In fact, the Chilean government has cancelled its 10-year, Rs 280-crore deal awarded last month.

Three of the company’s five top clients in the banking and financial services sector deferred contracts, exacerbating investors' concerns about the slowdown in the US, its largest market.

Banks, financial service providers and insurers accounted for 44 per cent of Tata Consultancy's sales in the fourth quarter. The world's biggest banks and securities firms have reported credit losses and asset writedowns exceeding $255 billion.

TCS does not provide any guidance. However, S Ramadorai, the chief executive officer and managing director, said the company “will watch the external environment closely, especially in the US, even as it is confident of a good 2008-09”.

TCS’ strategy of focusing on new markets to de-risk itself against a slowdown in the US showed good results in the quarter. Revenues from new markets like the Asia-Pacific, India, West Asia and Africa grew 41 per cent to $1.1 billion. UK revenues breached the $1 billion mark and Continental Europe crossed $500 million.

The revenue loss on account of the 11 per cent appreciation in the rupee vis-à-vis the dollar in 2007-08 resulted in a revenue loss of Rs 1,850 crore for the company, while wage inflation impacted its margins by 370 basis points.

The company said it will increase salaries 10 per cent in 2008-09. Its selling, general and administrative expenses increased by 213 bps. Its operating margins stood at 24.59 per cent.

At the end of 2007-08, TCS' total employee strength stood at 111,407 with a gross addition of 35,672 and a net addition of 22,116 during the year. Its employee utilisation rate is around 76 per cent (including trainees).

The company has made 22,451 campus offers for 2008-09 including over 4,000 science graduates for its science-to-software transformation programme, Ignite.

Indians given key slots at Maruti

2008-04-21T00:58:00.000-07:00

Maruti Suzuki India, which last year dropped Udyog as its middle name and appointed its first Japanese managing director, has set up a new management structure installing five Indians in crucial decision-making positions.

This layer forms the second rung of the company’s executive management, just below managing director S Nakanishi. Earlier, when Jagdish Khattar was the managing director, he was the only Indian in the top management.

The new structure has two executives, one Indian and the other Japanese, heading the five critical functions of the company — production, sales & marketing, procurement, administration & engineering, and research & development.

Both the Indian and the Japanese have the same designation of management executive officer. However, there is one distinction — the Japanese is also a member of the board of directors, while the Indian is invited to attend all board meetings.

Satyam Q4 net up 18% at Rs 467cr

2008-04-21T00:54:00.001-07:00

Satyam Computer today reported 18.6% surge in Q4 consolidated net profit for the quarter ended March 31, 2008, at Rs 466.85 crore as against Rs 393.58 crore in the corresponding quarter a year ago.

According to a release issued by Satyam to the BSE today, the company's Q4FY08 total income increased 31.9% to Rs 2,438.99 crore from Rs 1,849.55 crore in Q4FY07.

The company's consolidated FY08 net profit rose 20.2% to Rs 1,687.89 crore when compared with Rs 1,404.74 crore posted in FY07. Total income was up 31.1% at Rs 8,740.69 crore from Rs 6,668.36 crore.

Futher, the company has recommended a final dividend of 125% (Rs 2.50 per share on par value of Rs 2 per share). The total dividend recommended for the year is 175% (Rs 3.50 per share on par value of Rs 2 per share), including interim dividend of 50% (Re 1 per share on par value of Rs 2 per share).

Early-bird IT cos weather US slump

2008-04-20T00:50:00.000-07:00

As the speculation over earnings slowdown take rounds, early-bird results suggest that it may be quite in line with analysts' estimates. The fourth quarter net profit of 92-bird companies increased 7.6% to Rs 3,591 crore during January-March 2008, from Rs 3,337 crore in the same period last year. Analysts are expecting a significant slide in the earnings growth number from around 20%-plus levels recorded in earlier quarters. The mood remains that of cautious optimism when a majority of results are to be announced in the coming week.

Nemish Shah, MD, ENAM says, "The results have been very positive. It does look that in spite of a US slowdown, IT sector in India will be able to weather the storm." In the sample selected by FE, aggregate sales rose by 42.1% to Rs 30,788 crore during January-March 2008. However, the signs that the 'other income' factor will be subdued this quarter are getting increasingly visible. Other income of the companies marginally decreased 0.7% to Rs 660 crore during the same period. During the earlier quarter, other income was a major factor that buoyed the overall profitability. It accounted for 39% of the profit before tax in the December quarter (3000 company sample). This quarter will see a number of companies accounting for losses incurred in the derivatives market.

Overall, the performance of companies has been significantly boosted by the presence of some IT, food-processing and media majors like Infosys, Wipro, HCL, Temptation Foods, Himalya International, Sanwaria Agro and Zee News, NDTV.

Infosys' sales rose 19.13% to Rs 4,235 crore, the net profit rose 5.16% to Rs 1,182 crore during the quarter ended March 2008. Vakrangee Software posted a 95.34% jump in sales to Rs 74.60 crore and 68.58% rise in net profit to Rs 17.87 crore.

Wipro net profit grows 3% YoY in Q4

2008-04-18T00:29:00.000-07:00

Joining the government in battling the skyrocketing inflation, the Reserve Bank of India (RBI) today hiked the cash reserve ratio (CRR) by 50 basis points to 8%. The ratio indicates the amount of money banks have to keep with RBI as a percentage of their liabilities (deposits).

The rate hike will be introduced in two stages. In the first stage, RBI will raise CRR by 25 basis points to 7.75% on April 26. Another 25 basis point hike will come into effect from May 10, 2008.

As a result of the increase in CRR, about Rs 18,500 crore of'banks resources would be taken out of the system, RBI said in statement.

The inflation, measured by the wholesale price index (WPI), has shot up to 7.41% in the last week of March and remained above 7% in the first week of April.

The overall impact on inflation expectations requires to be monitored and moderated, RBI said.

Liquidity has grown substantially in first two weeks of April. It is one of the factors that stokes inflation. The liquidity adjustment facility (LAF) had been in an injection mode persistently during the second half of March.

Subsequently, there was a large turnaround and an average amount of Rs 40,088 crore was absorbed through the LAF during April 3-17, 2008 as against the average daily injection of Rs. 27,385 crore during March 17-31, 2008.

Satyam to set up new campus in Australia

2008-04-14T04:24:00.000-07:00

IT consulting and services provider Satyam Computer Services Ltd today said that it will set up a new campus at the Geelong Technology Precint, Victoria, Australia. The new 25-acre campus will accommodate 2,000 employees over the next few years, producing a positive economic impact on the city of Geelong and surrounding areas, a release said. The Satyam Campus will house a software development centre and facilities for training, research and development etc.

“The Geelong campus is an important component of our long-term initiative to built new centres of excellence, in strategic locations, around the globe. Geelong was selected as the location for its highly skilled ICT talent, excellent infrastructure and transport links to Melbourne,” B Rama Raju, Satyam’s co-founder and managing director said.

As part of this initiative, Satyam will engage in a range of collaborative activities with Deakin University including staff exchange, a work integrated learning programme for students, a graduate employment programme, joint research activities apart from scholarships and prizes.
Satyam Australia has significant presence across the major cities of Sydney, Melbourne, Brisbane and Canberra with a diverse workforce of over 1,400 associates serving Australia. Satyam has laid major emphasis on local employment generation and today over 42 per cent of associates in Australia are local nationals.

Google and Yahoo to share web ads

2008-04-10T04:26:00.000-07:00

Yahoo and Google, the world's two biggest search engines, have announced a two-week experiment that will see them share advertising space.

During the pilot, Google will be able to place ads alongside 3% of search results on Yahoo's website.

Analysts say the move is designed to frustrate Microsoft, which has offered to buy Yahoo for $44.6bn (£22.6bn), or extract a higher offer.

The news came as both sides were reported to be forging other alliances.
'Less competitive'

Microsoft criticised Yahoo's advertising trial with Google, saying any lasting deal would not be in the consumers' interests.

"Any definitive agreement between Yahoo and Google would consolidate over 90% of the search advertising market in Google's hands. This would make the market far less competitive," Brad Smith, Microsoft's General Counsel said.

But Yahoo said the testing did not necessarily mean that "any further commercial relationship with Google will result".

Investors reacted positively to the announcement, with Yahoo shares rising 7%.

"Yahoo has made a really clever move here," Cowen and Co analyst Jim Friedland said.

"It looked like Microsoft had all the cards, Yahoo is at least now able to use this for leverage to get Microsoft to pay more," he said.

Microsoft chief executive Steve Ballmer on Saturday gave Yahoo three weeks to agree to the company's offer or risk having the offer lowered.

India slips in ICT rankings

2008-04-09T21:14:00.001-07:00

India was ranked 50 among 127 countries which were evaluated by the World Economic Forum (WEF) for their 'network readiness'. Last year, it was ranked 44 out of 122 countries. Thus, the country has slipped four places in a constant sample from 2006–07.

The WEF's Global Information Technology Report (GITR) 2007-08 report is in its seventh edition and ranks countries based on the 'Networked Readiness Index' (NRI). This year, the report covered 127 developed and developing economies (added five this year) all over the world which account for over 95 per cent of the world's GDP.

Economy

2007-08 Rank*

Score

2006-07 Rank*

Score

Change*
India 50 4.06 44 4.06 -6
China 57 3.90 59 3.68 2
Pakistan 89 3.37 84 3.31 -5
Philippines 81 3.56 69 3.55 -12
Sri Lanka 79 3.58 86 3.27 7

Yahoo! rejects Microsoft's latest move

2008-04-07T10:34:00.001-07:00

Yahoo! has issued a further rejection of Microsoft’s $42bn approach describing its threat to take its offer direct to shareholders as "counterproductive" and inconsistent with its claim to want a friendly transaction, according to a report on the website of Financial Times.

The letter from Yahoo’s board to Steve Ballmer, chief executive of Microsoft, was released on Monday morning after the weekend publication of a letter from Mr Ballmer signalling the software group’s impatience at the lack of progress since it made its approach public on January 31.

The directors restated their argument of February 11 that Microsoft’s terms failed to reflect Yahoo’s value adding that the decrease in Microsoft’s stock price had made the proposal worth "significantly" less than when it was announced.

"Contrary to statements in your letter, stockholders representing a significant portion of our outstanding shares have indicated to us that your proposal substantially undervalues Yahoo!," the directors added.

TCS signs fresh contract with Chrysler LLC

2008-04-06T23:14:00.000-07:00

Tata Consultancy Services has signed a new multi-year contract with Chrysler LLC to provide a comprehensive portfolio of IT services. The scope of this contract integrates the contract TCS announced in February with Chrysler.

TCS will deliver IT application and maintenance support services to Chrysler by leveraging its Global Network Delivery Model™ from various locations around the world as well as the recently announced TCS Seven Mills Park domestic delivery center outside Cincinnati, Ohio and through a locally recruited team in the Detroit, Michigan region. The project will include a portion of several functional areas within Chrysler such as sales and marketing, shared services, product development and after sales.

TCS's Global Network Delivery Model is a collaborative, best-in-class framework of people, processes and infrastructure. The, model taps on TCS's global intellectual assets of tools, methodologies and products to help customers reduce implementation time, realize benefits quicker and achieve business goals.

Motorola may shift Singapore facility to India

2008-04-05T01:35:00.000-07:00

Struggling US telecom giant Motorola is exploring the possibility of shifting part of the manufacturing facility it is closing in Singapore to India.

China and Thailand are also on the radar. Top sources said India is high on the list since Motorola already has a plant in Chennai and a large domestic mobile phone base of over 120 million phones annually.

Motorola manufactures both CDMA and GSM handsets from this facility, but the company does not provide monthly manufacturing data nor its market share. Analysts said it is among the top three, Nokia and Samsung being at number one and two respectively.

Last week, Motorola announced that it would be spinning off its mobile business into a separate company after pressures from shareholders. Indian electronics goods-maker Videocon Industries has announced its intention of acquiring the business that would be valued at around $4 billion.

In an e-mailed reply, company spokeswoman Lynn Chan, based in Singapore, said: “At this time, we will not be able to provide details on which specific countries the Singapore manufacturing operations will be shifted to, and by how much, since this is a phased transition that will take place over the next few quarters and will only be completed by year end.”

The telecom giant had said it would close its Singapore unit as part of its $500-million global cost-cutting exercise. The move will impact 700 employees, even though it is aimed at aligning the company’s operations to grow the business.

“Motorola confirms that as part of its strategic review of business operations, the company will begin a phased transition of its mobile phone manufacturing operations from Singapore to other Motorola facilities worldwide,” a company release said.

“This transition will enable Motorola to align the organisational structure with long-term plans to drive the business while continuing to provide its customers high-quality products and services,” it added.

Govt nod to IT zones

2008-04-03T23:06:00.000-07:00

The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal to create Information Technology Investment Regions (ITIRs), which have been conceptualised to boost the growth of information technology (IT), IT-enabled services (ITeS) and electronic hardware manufacturing (EHM) units.

These regions could include new integrated townships, special economic zones and industrial parks. The regions would also have residential area, social infrastructure and administrative services.

These units will be built through public-private partnership route. State governments will select the developers and co-developers through a transparent bidding process.

“These ITIRs would be endowed with excellent infrastructure and supported through investor-friendly policies,” a Cabinet release said today.

The government expects such regions to be major magnets for investment, creating employment opportunities and economic growth in the area. Simultaneously, it will enable growth of new townships and dispersal of industry, thus reducing pressure on existing urban centres.

Each ITIR is expected to be a specifically notified investment region with minimum area of 40 sq km planned for IT and EHM units. The minimum processing area will be 40 per cent of the total area of the ITIR.

While state governments would ensure that all physical infrastructure and utilities within their jurisdiction are provided, the central government will facilitate the development of national highways, airport and rail links to the ITIRs.

CCEA approves IT Investment Regions

2008-04-03T04:38:00.001-07:00

The cabinet committee on economic affairs (CCEA) today approved a proposal to create Information Technology Investment Regions (ITIRs) to boost the growth of IT, IT-enabled services and electronic hardware manufacturing (EHM) units.

ITIRs could include new integrated townships, special economic zones and industrial parks. The regions would also have residential area, social infrastructure and administrative services. The units will be built through public-private partnership. State governments will select the developers and co-developers through a transparent bidding process.

"The ITIRs would be endowed with excellent infrastructure and supported through investor-friendly policies," a cabinet release said today.

The government expects such regions to be major magnets for investment, creating employment opportunities and economic growth in the area. It will also enable growth of new townships and dispersal of industry - thus reducing pressure on existing urban centers.

Each ITIR is expected to be a specifically notified investment region with minimum area of 40 sq.km. The minimum processing area will be 40% of the total area of the ITIR.

Satyam, CIPET to develop plastic materials

2008-04-02T04:22:00.000-07:00

Hyderabad-based information technology company Satyam Computer Services has entered into a memorandum of understanding (MoU) with Central Institute of Plastics Engineering and Technology (CIPET), an autonomous training and application research institute under the ministry of chemicals and fertilisers, for developing new engineering plastic materials through an industry-institute collaborative approach.

The collaboration is part of Satyam's strategic initiative of developing a global ecosystem of alliances to provide total engineering solutions to its customers.

"This partnership would help Satyam Engineering Solutions to be a leading product design service provider with an ecosystem of alliance partners," T S K Murthy, global head (integrated engineering solutions), Satyam, said in a release issued today.

Microsoft's OOXML gets ISO nod

2008-04-02T00:47:00.001-07:00

* 75% participating member votes said 'Yes'

* 14% national member body votes said 'No'

After nearly 14 months of discussion, debate and controversies surrounding them, the International Organisation for Standardisation (ISO) has finally declared that Microsoft's Office Open XML (OOXML) file format has received the necessary number of votes for approval as an ISO/IEC international standard.

Approval required at least 2/3 (i.e. 66.66 per cent) of the votes cast by national bodies participating in the joint technical committee ISO/IEC JTC 1, Information technology, to be positive; and no more than 1/4 (i.e. 25 per cent) of the total number of ISO/IEC national body votes cast to be negative. These criteria have been met.

ISO/IEC DIS 29500 was originally disapproved in the "fast-track vote" which ended in September 2007, when 3,500 comments were received. However, under the rules of ISO/IEC JTC 1, the DIS vote was followed by a ballot resolution meeting (BRM) at which the comments were addressed. After the meeting, the ISO/IEC national bodies had 30 days to modify their votes if they wished. The BRM was held in Geneva during the week 25-29 February 2008. By eliminating redundancies, the comments had been reduced to 1,000 individual issues to be considered.

There has, perhaps, never been a more intense global industry debate over standards. On the one hand, OOXML is backed by Apple, Novell, and closer home by Wipro, Infosys, TCS, and Nasscom. On the other, ODF is supported by the likes of IBM, Sun Microsystems, Red Hat, Google, and in India, by the Department of Information Technology (DIT), National Informatics Centre (NIC), CDAC, IIT-Mumbai and IIM-Ahmedabad.

Adobe launches free Photoshop online

2008-03-28T02:59:00.000-07:00

The maker of the popular photo-editing software Photoshop on Thursday launched a basic version available for free online.

California-based Adobe Systems says it hopes to boost its name recognition among a new generation of consumers who edit, store and share photos online.

While Photoshop is designed for trained professionals, Adobe says Photoshop Express, which it launched in a “beta” test version, is easier to learn. User comments will be taken into account for future upgrades.

Photoshop Express will be completely Web-based so consumers can use it with any type of computer, operating system and browser. And, once they register, users can get to their accounts from different computers.

IBS buys US-based travel software co HBSi

2008-03-27T05:51:00.001-07:00

Thiruvananthapuram-based IBS Software has acquired a majority stake in Atlanta-based Hotel Booking Solutions Inc (HBSi).

V K Mathews, chairman and managing director, IBS Group, said that the company has bought out HBSi in a cash deal. "We have picked up 66% in HBSi on a completely cash-and-earn-out deal. By doing this we now have ensured a better control over the company, whose operations are in a similar platform as ours." He however refused to divulge the exact amount involved in the deal.

Adding that HBSi, which is a pioneer in the demand management offerings to the global travel industry, Mathews pointed out that the acquisition would help IBS to tap the huge untapped potential market of home stays and serviced apartments in the country by offering them total booking and billing solutions. "We are also in the process of readying a plan to present before the Ministry of Tourism offering our expertise in the travel and tourism space which has now been boosted even more with the buy out of HBSi," he added.

Mathews pointed out that the acquisition of HBSi brings to IBS access to domain expertise and technologies that will help it in the travel, tourism and logistics space establish a firm foothold in the booming hospitality industry. HBSi has a prestigious clientele, with names like Hyatt Hotels, Fairmont Hotels, Elite Island Resorts and Intrawest.

The current acquisition is the fourth global one for IBS, with the company having bought out TopAir from EDS, Avient Technologies from Honeywell Corp and Discovery Travel Systems earlier.

Polaris launches Smart Store for retailers

2008-03-26T03:46:00.001-07:00

Retail software provider, Polaris Retail Infotech (PRIL), a wholly-owned subsidiary of Polaris Software, today launched Smart Store, a retail software product for small retail businesses.

The new solution will help retailers to automate vendor, purchase and stock management functions, maintain accounts and tax, host customer loyalty programme and help in other day-to-day services.

Smart Store is pre-configured to match the requirements of various retail verticals such as fashion and apparels, footwear, pharmacy, consumer durables, grocery among various others.

Commenting on the launch, Mohit Oberoi, Business Head, PRIL, said, " PRIL has been addressing the needs of large and medium retail players through its solution Retail Excel and with the launch of Smart Store for the small retail segment, the company’s portfolio of offerings for the retail sector is now complete. Smart Store will help small retailers drive efficiencies in their business on all critical fronts to gain a competitive edge.”

He further said, “Smart Store is a simplified yet function-rich software product that can be deployed in a day's time. The product comes with online and localized training and support for its users. The market for retail in India has an estimated CAGR of 44 per cent. PRIL is on an aggressive growth path and with the launch of Smart Store the company is all geared to tap the booming SME retail market in Asia Pacific".

PRIL's Retail Excel is used by over 100 customers, in 2,000 stores across 15,000 billing counters.

India says `no` again to Microsoft`s OOXML

2008-03-21T01:04:00.000-07:00

Microsoft today suffered another major blow when India said "no" to the software major's format Office Open XML (OOXML).

The software major now awaits a final verdict from the International Organisation for Standardisation (ISO) on March 31 this year when the standards organisation recompiles the votes from all countries.

India, represented by the Bureau of Indian Standards (BIS) LITD 15 committee, had said no to OOXML (with comments) last September too. Microsoft had been given time till today to address the comments in a manner that would satisfy all participants.

This time, however, when the committee participants were asked: “Should India change its September 2007 No vote to Yes?”, 13 voted with a ‘No’ including the Department of Information Technology (DIT), National Informatics Centre (NIC), CDAC, IIT-Mumbai, IIM-Ahmedabad, Red Hat, IBM and Sun Microsystems.

The five who voted in favour of Microsoft included Wipro, TCS, Nasscom, Infosys and Microsoft itself. Hardware body Manufacturers’ Association of Information Technology abstained from voting.

“While we are disappointed with the decision of the BIS LITD 15 committee, we are very encouraged by the support of IT industry players like NASSCOM, TCS, Wipro and Infosys who voted in favour of Open XML becoming an ISO standard,”said a Microsoft spokesperson.

TCS opens new center in North America

2008-03-18T05:26:00.000-07:00

Tata Consultancy Services (TCS) announced the opening of its North America delivery center called TCS Seven Hills Park. Located in Milford, Ohio, a suburb of Cincinnati, the facility is situated on 220 wooded acres, and is the largest TCS facility in North America.

According to a release issued by TCS to the BSE today, the center can accommodate up to 1,000 TCS associates - most of who will be locally hired from the region and its universities.

"The campus will also showcase TCS Innovation Labs, customer network operations centers and briefing centers," the release added.

S Ramadorai, chief executive officer, TCS, said: "The Cincinnati campus is a strategic investment to create an information technology eco-system in the state together with our customers and local universities. It reflects our long-term commitment to customers in one of our key markets globally and will not only serve our North American customers but also help showcase innovation and our suite of offerings."

Mera SQL, dil mangey more!

2008-03-16T11:32:00.000-07:00

The laws of prudent economics say you cannot run a business by giving away your core product free. The laws of the Open Source software business say you can.

In an earlier era when data base tools were part of the “trishul” of office PC applications (together with a word processor and spread sheet), desktop versions like DBase and enterprise editions of what were called relational data bases or RDBs, like Oracle and Ingres were all to be had — but at a price.

Then in 1996 a Swedish startup came up with the idea of creating a data base — or Structured Query Language (SQL), you ask questions of your data, any way you want — entirely in the Open Source arena.

What’s more, it was meant for people to use with Web applications — and it would be free.

MySQL was born and after 100 million downloads, it is one of the most popular Web-centric data base tools in use today.

Last month MySQL’s co-founder David Axmark was in Hyderabad. He was just in time to announce at the annual Sun Tech Days conference — the largest software ‘mela’ in India — that Sun had just completed the formalities to acquire MySQL and make it part of its own portfolio of Open offerings that include the run-anywhere programming environment Java and the operating system, Solaris.

Sun paid $ 1 billion for MySQL — which just proves, you can make a lot of money by creating an essentially free product (they do make their money by support and maintenance for companies).

As Mr. Axmark delivered his keynote, people worldwide continued to download MySQL for free at the rate of 5,000 a day from http://dev.mysql.com/downloads/ — but this being India, the young whiz kids at SunTech had already given it a new name: Mera SQL, and like so many ‘desi’ Oliver Twists, they were saying “dil mangey more”!

CyberMedia acquires US-based TDA Group

2008-03-13T00:37:00.000-07:00

CyberMedia India has acquired all the assets of California-based TDA Group Inc for an undisclosed amount.

Pradeep Gupta, chairman, CyberMedia, said: "We are very pleased to bring TDA Group into the CyberMedia business portfolio. It is a strategic move in growing our content-based services business rapidly. TDA is an outstanding business with excellent clients and people."

According to a release issued by CyberMedia to the BSE today, TDA Group Inc, with a strong track record of over 20 years, provides a wide range of value-added services including marketing consulting, content development, web and graphic design. The group posted revenue exceeding $5 million in the year ended December 2007.

"TDA fits very well with our domain expertise in technology, and expands the proven core competence of CyberMedia in content-related areas," Gupta added.

This is CyberMedia's second acquisition in the US within 16 months. CyberMedia had acquired Illinois-based Publication Services Inc in December 2006.

Companies in Olympia Technology Park Chennai

2008-03-02T03:52:00.000-08:00

Hewitt Associates
*****************
Chennai/Olympai Tech Park
2nd Stilt floor, Citius
Olympia Tech Park, Plot No 1 (SP)
Industrial Estate, Guindy
Chennai 600032
Tel: (91) (44) 4390 5000
Fax: (91) (44) 4390 5331 /32
________________________________________
Verizon Data Services India Pvt Ltd.
************************************
Olympia Tech Park
No1: Sidco Industrial Estate
Guindy
Chennai - 32
__________________________________________
Visteon
*******
Olympia Tech Park
Guindy,
Chennai
________________________________________
ABN Amro Bank office
********************
Olympia Tech Park, Chennai
____________________________________________
Merrill Technology Services India Pvt. Ltd.
*******************************************
Olympia Technology Park, Guindy
Chennai
________________________________________
Hewlett-Packard (HP)
********************
Olympia Technology Park, Guindy
Chennai
________________________________________
MindTree Consulting Ltd.
************************
Olympia Technology Park
FORTIUS, 7th Floor, Plot No. 1
SIDCO Industrial Estate, Guindy
Chennai - 600 032, Tamil Nadu
Ph : +91-44-222 56000
Fax : +91-44-222 56100
________________________________________

IT firms go slow on hiring from IITs

2008-02-25T04:27:00.000-08:00

Information technology (IT) firms appear to have lost their appeal at the Indian Institutes of Technology (IIT). Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.

Firms like IBM, HCL, Hughes Software and CSC opted out of placements this year and hiring by firms like India’s largest IT services provider Tata Consultancy Services (TCS), Infosys and Wipro has dropped.
BACK TO THE FUTURE
IIT IBM TCS Infosys Wipro
‘07 ‘08 ‘07 ‘08 ‘07 ‘08 ‘07 ‘08
IIT Madras 66 No students 8 13 6 7 6 1
IIT Roorkee 35 Cancels visit 35 25 21 6 14 5

Confirming the trend, a placement official from IIT Roorkee said: “While many companies say they have a particular number in mind and would recruit likewise, our alumni network at these companies informs us that these IT giants are exercising restraint in recruiting trainees due to a slowdown.”

Agreed a placement official from IIT Kanpur: “Like every year, the institute offered the regular number of students to these IT companies for placements but they did not pick as many students.”

Recruitment by IT companies at IIT Kanpur has gone down from 130 students in 2007 to 72 in 2008.

“Clients from IT firms are increasingly in the process of utilising their bench strength,” said Monisha Advani, managing director, Randstad India, an HR consultancy firm.

With the US slowdown and rupee appreciating against the dollar for most of 2007-08, IT firms are under tremendous pressure to manage margins and costs. IT firms have been in the news recently with TCS, IBM India, Mphasis (an Electronic Data System company) and Yahoo! India asking several hundreds of employees to leave on grounds of “poor performance or non-performance”.

“What we have been hearing these days is a clear case of skills mismatch. While non-linear growth is the way forward, it is something that will happen on a long-term basis. In the short term, IT firms will need to have volumes,” said Sudin Apte, senior analyst and country head, Forrester India.

The companies, however, maintain with the boom in other sectors like investment banking and retail, and the urge to be entrepreneurs, IT firms are left with little option but to reduce their hiring from these institutes.

“Most students from IITs either want to get into hardcore research or prefer to go in for higher studies. Besides, other sectors also hire in big numbers from these institutes,” says an executive from Wipro.

The companies insist that they remain committed to their campus-hiring plans.

Kris Gopalakrishnan, CEO, Infosys, said: “Infosys recruits from 1,100 engineering colleges around the country. The number of students coming out of IITs is far too small — 5,000 — and some of them are going in for higher studies, getting into Research and Development, etc.”

He added that Infosys had already made its campus commitments and will stick to them. “Anyway, we recruit just 30 to 40 per cent of our requirement from campuses,” he added.

TCS, too, added over 28,000 employees in the current financial year, and has already made over 22,000 campus offers for the next year.

The IT major is also hiring over 2,000 science graduates this fiscal and it plans to increase this to 3,000 in the next fiscal.

Gautam Sinha, chief executive officer of TVA Infotech, a recruitment consultant for IT companies, said signs of a real slowdown would be best indicated by campus hiring, which is expected in June when big companies recruit at campuses in large numbers.

“I am keeping my fingers crossed,” he added.

Hexaware Q4FY07 net loss at Rs 81cr

2008-02-21T02:05:00.000-08:00

* All unauthorised foreign exchange option contracts cancelled. No carryover in 2008

* Order book for 2008 stands at $210 mn; 40% higher than the CY‘07 order book

* Added a record 66 new clients in 2007 of which 19 belong to Fortune 500

* 11 clients bill in excess of $5 million revenue on a trailing twelve month basis

* Total headcount crossed 7,000; CY07 ends at 7,068

Hexaware Technologies today reported a net loss (consolidated) of Rs 81.003 crore for the fourth quarter ended December 31, 2007. Revenue from operations was Rs 259.179 crore - a YoY increase of 22.1% in $ terms, and 7.9% in rupee terms, and Q-o-Q increase of 4.1% in $ terms and 1.8% in rupee terms.

For the year ended December 31, 2007, the company reported a net profit of Rs 7.229 crore. Revenue from operations stood at Rs 1,0,39.803 crore - YoY increase of 35.1% in $ terms and YoY increase of 22.6% in rupee terms.

Giving its outlook for the current fiscal, the company is expecting revenue for Q1CY08 to be between $66.5-67.5 million and CY08 top line to be between $310-315 million.

Cognizant to expand headcount

2008-02-18T02:35:00.001-08:00

Global BPO giant Cognizant will expand its headcount in India by about 14,700 this year and will also broadbase its talent pool by hiring doctors, lawyers and CAs.

The move comes at a time when global giants such as Yahoo and IBM as also some Indian companies are cutting their workforce in the backdrop of a wage inflation, rupee rise and economic uncertainties in the US, which have dented their profitability.

The Nasdaq-listed outsourcing firm said it plans to add 16,600-19,600 professionals globally in 2008 to take its global headcount to 72,000-75,000.

“Of these 16,600-19,600 professionals to be added globally, upwards of 75 per cent will be hired in India,” Cognizant Human Resources Vice President Bhaskar Das said.

Cognizant’s global headcount at the end of December 2007 was 55,400, which included more than three-fourth (over 41,000) employees in India.

The company is also planning to widen its recruiting pool beyond the traditional streams such as engineering, management and science.

“On the type of profiles we will go after, beyond engineering, management and science disciplines, it will include doctors, lawyers, chartered accountants, pharmacists, bio-statisticians and supply chain specialists for our IT services and KPO practice, and in recruiting graphic designers, user interface specialists, and learning specialists for our content and design services,” Das said.

Cognizant reported an impressive Q4 results, with a 41 per cent increase in revenues to $600 million compared with the year-ago quarter, beating market expectations at a time when financial results of companies like Yahoo and IBM failed to meet their targets.

The two companies have also announced job cuts to the tune of 740.

TCS to hike pay by 15%, starts 2nd Hyd centre

2008-02-11T06:12:00.001-08:00

Software giant Tata Consultancy Services (TCS) will increase the salary of its employees by close to 15% this year in spite of the reported cost cutting measures, including a cut in variable pay, by the company. And, the usual pay hikes to its employees this year also would not mean any compromise on the company's overall profit margins.

Terming the company's ongoing operations as 'business as usual', TCS chief executive officer & managing director S Ramadorai today said either the company's move to ask some of its employees to find placements elsewhere on performance grounds or a cut in variable pay was nothing new in the company except for the fact that the media flared them up this time giving a different interpretation.

"The performance management is an ongoing process. These 500 people left the company on performance grounds over a period of 10 months. But the media interpreted the move as if it had happened overnight or in a week," Ramadorai said while stating that the figure was not even worth talking about considering the attrition rate or recruitment that had happened in the same period. The company this time has selected 22,000 people through campus recruitment, he said.

While stating that they are aware of the US economy slowdown and its implications, Ramadorai, however, said there had been no impact of the US slowdown on the company's business operations so far. "We are not saying that there will not be any implications from the US slowdown. But we are optimistic about the long-term sustainability of the company," he said in response to a question on any immediate impact of the same.

According to S Mahalingam, chief financial officer, TCS, the company would leverage internal efficiencies, including cost management, to sustain the growth in salaries while maintaining the profit margins, which are around 26% before taxes for the company.

The company today formally inaugurated the Synergy Park, its second campus in Hyderabad, which would accommodate 8,000 people after it is fully developed. The first phase of the project, which is now operational took an investment of Rs 250 crore and accommodates 2,700 professionals. The second phase, which is expected to begin in April this year, involves investment of another Rs 500 crore. The company currently employs about 6,000 people in Hyderabad.

INDIA CMM Level 5 companies - List

2008-02-08T04:08:00.000-08:00

1 ANZ Operations & Technology Private Limited Bangalore
2 Applitech Solution Limited Ahmedabad
3 CBS India Chennai/Bangalore
4 CGI Information Systems and Management Consultants Private Ltd Bangalore
5 CG-Smith Software Limited Bangalore
6 Citicorp Overseas Software Limited Mumbai
7 Cognizant Technology Solutions Bangalore
8 Covansys India Pvt. Ltd. Bangalore
9 DCM Technologies Hyderabad
10 Engineering Analysis Center of Excellence Pvt. Ltd. (EACoE) Bangalore
11 FCG Software Services (India) Pvt. Ltd. Bangalore
12 Future Software Ltd Chennai
13 HCL Perot Systems Noida/Bangalore
14 HCL Technologies Limited Chennai
15 Hewlett Packard India Software Operations Limited Bangalore
16 Hexaware Technologies Limited Chennai and Mumbai
17 Honeywell India S/w Operations Bangalore
18 Hughes Software Systems Bangalore
19 IBM Global Services Bangalore
20 i-flex solutions limited, IT Services Divisions Mumbai and Bangalore
21 Information Technologies (India) Ltd. New Delhi
22 Infosys Technologies Limited Bangalore
23 InfoTech Enterprises Limited Hyderabad
24 Intergraph Consulting Pvt. Ltd., Hyderabad
25 International Computers (India) Ltd., Pune/Mumbai
26 ITC Infotech Ltd. Bangalore
27 Intelligroup Asia PVT.Ltd., Hyderabad
28 IT Solutions (India) Private Limited Bangalore and Chennai
29 Kshema technologies Ltd Bangalore
30 Larsen & Turbo Infotech Limited, Mumbai and Navi Mumbai
31 LG Soft India Pvt. Ltd Bangalore
32 MphasiS-BFL Limited Bangalore
33 Mastek Limited Mumbai
34 Motorola India Electronics Ltd., Bangalore
35 Network Systems & Technologies (P) Ltd., Trivandrum
36 NIIT, Software Solutions Bangalore
37 NeST Information Technology (P) Ltd.,
38 Patni Computer Systems Ltd Mumbai
39 Philips Software Centre Private Bangalore
40 Phoenix Global Solutions (I) Pvt. Ltd. Bangalore
41 Sasken Communication Technologies Limited. Bangalore
42 Satyam Computer Services Ltd. Hyderabad
43 SignalTree Solutions (India) Ltd. Hyderabad
44 SkyTECH Solutions Pvt Ltd. Kolkata and Mumbai,
45 Sobha Renaissance Information Technology Pvt. Ltd. Bangalore
46 Sonata Software Limited Bangalore
47 SSI Technologies Chennai
48 Syntel, Inc. (India)
49 Siemens Information Systems Ltd., Bangalore
50 Tata Consultancy Services Bangalore
51 Tata Elxsi Limited Bangalore
52 Tata Interactive Systems Mohali
53 TCG Software Services Pvt. Ltd Calcutta
54 Trigyn Technologies Ltd., Mumbai
55 Wipro Technologies Bangalore
56 Software Paradigms(I) Pvt.Ltd Mysore
57 Robert Bosch India Limited Bangalore
58 LG CNS Global Pvt.Ltd Bangalore/Delhi

Firstsource gets $80mn contract from Barclays

2008-02-07T22:32:00.000-08:00

Firstsource Solutions today announced that it has signed a five-year, upto $80 million outsourcing partnership agreement with Barclays US credit card business.

According to a release issued by Firstsource to the BSE today, under the terms of the agreement, Firstsource will manage and operate and Barclays operations center in Colorado Springs, and provide customer care and collections support to Barclays US cardholders.

The partnership is expected to provide Barclays with increased operational efficiency and flexibility, and help both companies support their expanding operations in the US. The Firstsource's employees in Colorado Springs will continue to be focused on providing services to Barclays US cardholders.

Anand Mukerji, MD & CEO of Firstsource said, "This is an ideal partnership for Firstsource and Barclays, For Barcalys, Firstsource will apply best practices honed by years of collaboration with other major financial institutions to increase efficiency, productivity and customer satisfaction. For Firstsource, the addition of Barcalys ads another top institution to our Financial Services practice".

Firstsource currently has nearly 2,500 employees and more that a dozen operations centres in the US and providers customized business process management solutions to leading US companies in the financial services, telecom and healthcare industries.

Firstsource's Financial Services clients includes three of the five largest banks and six of the 10 largest credit card companies in the US, and one of the five largest banks in the UK. Firstsource's range of services includes credit evaluation, accounts set-up, customer services and account maintenance, dispute resolution, mortgage origination and servicing, insurance policy issuance and administration, payment processing, research and analytics.

Cognizant Q4 net up 39%

2008-02-07T22:23:00.001-08:00

Leading IT services provider, Cognizant Technology Solutions, posted a GAAP net income which was 39% up at $96.3 million for the fourth quarter ending December 31, 2007, compared to $69.5 million in the fourth quarter of financial year 2006.

Excluding stock-based compensation expense of $9.8 million and a $5.9 million non-cash operating expense charge resulting from the nine-month impact of the recently-enacted and clarified fringe benefit tax on the exercise of stock options in India, non-GAAP operating margin was 20.3% - above the company's targeted 19-20% range.

Revenue for the fourth quarter of 2007 increased to $600 million (around Rs 2,370 crore), up 7% sequentially from $558.8 million in the third quarter of 2007, and up 41% from $424.4 million in the fourth quarter of 2006.

Cognizant derives 70% of its revenue from the financial services and healthcare industries, raising concerns of being exposed to a slowdown in the US economy, hence its results are keenly watched by analysts.

We are very pleased with our fourth quarter and full year 2007 financial performance, which was driven by strong growth across our business segments, service offerings and geographic regions, said Francisco D'Souza, President and CEO of Cognizant.

The company closed the acquisition of marketRx during the quarter, which it anticipates will enable Cognizant to further enhance "our strong market position in data analytics and the Life Sciences industry".

In Europe, the IT firm's revenue grew 89%, compared to the fourth quarter of 2006.

Guidance for 2008:

First quarter 2008 revenue is anticipated to be at least $640
million (around Rs 2,496 crore). Fiscal 2008 revenue expected to be at least $2.95 billion - up at least 38% compared to 2007.

Total headcount by end of 2008 expected to be between 72,000 and 75,000, reflecting the company's plan to increase utilisation throughout the year.

Our fourth quarter results are a testament to our ability to successfully manage our business while investing in Cognizant's growth platform around the world, said Gordon Coburn, Chief Financial and Operating Officer.

Throughout 2007, we continued to build our infrastructure to capture economies of scale and position Cognizant for long-term revenue growth. We generated approximately $150 million of cash from operations in the fourth quarter.

After the acquisition of marketRx and buying back approximately 3.39 million shares of Cognizant stock for $105.4 million, we ended the year with over $670 million in cash and short-term investments on our balance sheet, leaving us with the financial flexibility to invest in our people, services and infrastructure to further differentiate Cognizant in the marketplace.

Based on the demand environment and the strength of our growth platform, we believe that Cognizant will continue to outpace our overall market in 2008 and deliver value to our shareholders.

Highlights - Full Year 2007

Revenue for 2007 increased to $2.136 billion - up 50% from $1.424 billion for 2006.

GAAP net income was $350.1 million, or $1.15 per diluted share, compared to $232.8 million, or $0.77 per diluted share, for 2006.

Diluted earnings per share on a non-GAAP basis were $1.27. GAAP operating margin was 17.9%. Excluding stock based compensation expense of $35.9 million and a $5.9 million non-cash operating expense charge resulting from the recently enacted fringe benefit tax on the exercise of stock options in India, non-GAAP operating margin was 19.8%.

Reconciliations of these non-GAAP financial measures to GAAP operating results and diluted EPS are included at the end of this release.

500 TCS staff resign

2008-02-05T21:59:00.000-08:00

About 500 employees of Tata Consultancy Services (TCS) have so far “voluntarily resigned” after they failed to clear the company’s bi-annual employee appraisal system.

When contacted, a TCS spokesperson told The Hindu through an e-mail on Tuesday that in line with its performance driven culture, TCS has an institutionalised process of bi-annual employee appraisal system that ranks employees on a grade between 1 and 5. “If an employee gets a grade of 2 or less during one appraisal cycle, he or she is put on a performance improvement plan which includes additional training as well as assignments on new projects. If at the end of the second appraisal cycle, the employee does not come up to the mark and his or her ratings do not improve beyond 2, then TCS, after proper counselling, disengages with them,” the e-mail said.

Alternative jobs

“However, as a responsible employer, TCS arranges for placement agencies which can help place these employees in alternative jobs as per their qualifications and experience. It is up to the employee to avail himself/herself of this offer. The number of employees impacted during this year till date is 500 which constitutes about 0.5 per cent of the company’s employee strength of 1.08 lakh,” it said.

IBM launches delivery centre in Noida

2008-02-04T23:00:00.001-08:00

IBM India today expanded its operations in Uttar Pradesh with the inauguration of a new Global Delivery Centre in Noida. This is IBM Global Business Services' first such centre in Noida.

In phase two of the expansion, IBM will open another centre in the vicinity, which is expected to be fully operational by mid-2008. Both the centres will house close to 3,000 employees once fully staffed, the company said in a release.

These centres will enable IBM to increase its existing application services portfolio to support a growing global client base. With the addition of these centres, IBM’s Global Delivery operations are provided from six locations (Bangalore, Hyderabad, Pune, Chennai, Kolkata, Gurgaon/Noida) in India and the new centres will increase the company’s presence in Northern India.

The centres will be an integral part of IBM's global delivery network, spread across three dozen countries around the world. "IBM will increase its operations in Noida by hiring technology graduates and IT professionals with skills in IT strategy and architecture, business consulting, enterprise solutions (SAP, Siebel, and Oracle), testing, and business intelligence," said Rajesh Nambiar, General Manager and Vice President, Global Delivery, IBM India.

IBM started its National Capital Region (NCR) operations in 1992, and has a global delivery and domestic business in the region. In 2007, IBM announced its focus on the SMB market in Uttar Pradesh.

The company already has a presence in Lucknow and is working with various clients, including Department of Revenue, UP Electronics Corporation Ltd, Hindustan aeronautics Ltd, UP Mandi Parishad, Irrigation Department, Sahara India, and Hindalco Industries.