Bangalore: Symphony Teleca Corporation, ranks as a leading global product development company for 2012.  This global market for product development services, per Forrester, will approach $19 billion by 2015. The Global Services study also ranks the company in the top 100 Global Services Providers overall for 2012. 

The Global Services 100 rankings (GS 100) are determined through a rigorous methodology that evaluates each company across multiple dimensions, measured both quantitatively and qualitatively. The study presents a complete view of the dynamics of the most significant segments that make up the IT and business process outsourcing industry and reflects the diversity and overall landscape of the service provider community in terms of company sizes, countries of origin and countries of delivery.
“We are honored to be ranked as a leading outsourced product development firm among such a competitive group of organizations,” said Sanjay Dhawan, Chief Executive Officer, Symphony Teleca. “Our team is committed to designing and developing the next-generation solutions that our clients need to be leaders in their markets and is a dedicated partner in helping them to successfully overcome the software development challenges of today’s connected world.”
The top 100 list and the ranks in the 10 categories are based on a scientific methodology, starting with the responses being clubbed under four broad buckets: Size (revenue, employee strength, geographies covered, etc.), customers (customer base, testimonials and references, average contract size, etc.), skills (depth and breadth of offerings, delivery capability, quality initiatives, verticals covered, etc.) and others (attrition, training, etc.). A weighted scoring scheme was used to rate each question. For the category lists, weights were assigned to address specific strengths and capabilities.
The scoring scheme was designed by a panel from Global Services' and neoIT's practice experts. Care was taken to ensure that all service providers (global, niche or regional) were given a level playing field. For a revenue-based question, for example, if the scoring scheme gave weightage to higher revenue, small or niche companies pared this disadvantage by scoring high on better growth rates.
“The global service provider landscape is increasingly getting complex; but buyers are looking at vendors with scale, skill, or both in delivering business outcomes and not cost-savings alone. The companies on the Global Services 100 list have demonstrated their ability to deliver complex solutions and services, manage global customers, and sustain successful financial performance,” says Ed Nair, Editor, Global Services.