China 's Beyondsoft to enter Indian IT market

Thursday, 08 February 2007, 18:30 IST
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Mumbai: Promising to invest 'several million dollars' in the country, China's leading IT services companies, Beyondsoft Co. is planning to enter the Indian booming IT/BPO segment by the end of the first quarter of fiscal 2007-08. Jonathan C.Chu, Vice President, Beyondsoft said that they plan to hire over 100 people in our first year of operation and their revenue target for the first year would be over $1 million - $2 million, adding that they were planning to enter India in a very big way in the BPO and ITO (information technology outsourcing) sectors.The $45 million group now employs 800 developers and boasts of headcount of over 1600. "India is a very strategic market for us and we hope to grow here. The IT market here is more sophisticated and mature whereas Chinese companies are gradually coming up." The company works for global software giants such as Microsoft, IBM, HP, SAP and Oracle in software development, testing and localization, and it has grown from a small firm of 100 people in 2001 to one of China's major software outsourcing providers.
Source: IANS
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