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News >> Technology >>
IDS software expands amidst recession
By siliconindia
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Thursday, 02 April 2009, 21:13 IST
Bangalore: The global recession does not deter Bangalore based software product firm IDS Softwares to expand its operations. Backed by Rakesh Jhunjhunwala's investment arm Alchemy Capital, the company is expanding throughout West Asia, Africa and South East Asia, the hospitality industry is not affected to a major extent.
"These regions have demand for bringing in efficiencies which software products can deliver. We are launching an update where the ERP software will be more intuitive for a hotel executive," Suresh John, Managing Director, IDS Softwares told Business Standard. The company is also understood to be working on software as a service business model which will enable hospitality chains to reduce their capital expenditure for deploying this software product.
The two-decade old software products firm is exploring avenues in China too. It is engaged with a local partner by end of the year, the firm will declare the final strategy for the China market. The company maintained that it is also scouting acquisition opportunities in the global market not to gain scale, but to access clients in the developed markets.