LogicaCMG records strong growth in off shore
By siliconindia staff writer   |   Friday, 05 September 2003, 19:30 IST
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BANGALORE: LogicaCMG in India has shown a strong business performance for the first half ending 30 June 2003. This was achieved across both the offshore services division, headquartered in Bangalore and the sales operation across India and South Asia. In the South Asian market, the company has extended its footprint into new territories like Sri Lanka, Bhutan, Bangladesh and Pakistan, with several new customers in the area of mobile telecoms. LogicaCMG has also shown strong delivery performance in deploying the Real Time Gross Settlement (RTGS) system for the Reserve Bank of India. This is an important IT initiative that will define the country's national payments infrastructure. LogicaCMG Offshore Services has shown encouraging growth for the first half of 2003. It is rapidly expanding its current workforce of 400 to around 1500 in the next eighteen months. LogicaCMG's offshore services division anticipates an increase in the amount of offshore development to India from its global customer base across the UK and Europe. For instance, the company has won contracts for offshore work with one of the biggest financial services institutions in the Netherlands, and from a large public sector organisation in the UK. Mike Weston, managing director of LogicaCMG Offshore Services says, "The offshore services proposition now forms an integral part of all LogicaCMG bids for projects in Europe and the UK. We expect further growth in our offshore business in the second half of 2003. There are excellent prospects in the offshore business going forward, from all market sectors of LogicaCMG's business worldwide." Louwke van der Steen, managing director, LogicaCMG South Asia, says, "Apart from winning new business in South Asia, we continue to generate sustainable revenue streams from almost all major telecoms operators in India. We are confident about continued growth and are aggressively growing business with giant strides in the India and South Asia markets."

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