MindTree gets two IM deals worth $10 Million
By siliconindia   |   Tuesday, 28 September 2010, 19:46 IST
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MindTree gets two IM deals worth $10 Million
Bangalore: MindTree, a global IT solutions company, has been awarded with two infrastructure management services (IMS) deals. The deals individually could get the firm around $5 million totaling to $10 million at the end of the contracts, reports Goutam Das of The Financial Express. The contract period of the deals are spread across a few years. MindTree counts IMS as one of its fastest growing business. The IMS contributed four percent to its FY2010 revenue of 1,296 crore and is expecting that the service would put in six percent revenue in its pie by this year end. The company has started getting multi-year contracts since Q4 of FY10, shared Ram Mohan C, senior Vice President and Head of Infrastructure Management and Tech Support, MindTree. He said, "Today, there are a lot of enquiries. We have about three to four multi-year multi-million dollar deals in the pipeline now." The IMS division of MindTree was greatly boosted when it acquired 7Strata, a Chennai-based IMS company. It has helped in getting new deals for MindTree. Mohan said, "One deal from a India-based customer required 25-30 people. The second one has 10-15 people. The deals are for remote desktop support and critical server management." With this acquisition, MindTree got the Indian market for remote desktop support services. The remote infrastructure management (RIM) sector is gaining huge benefits in the recent days. In fact the Nasscom had recently announced that the RIM sector had export revenues of $4.3 billion in FY2010, a growth of 11 percent.

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