CMS may spin off divisions into companies

By SiliconIndia   |   Monday, 29 March 2004, 08:00 Hrs
Printer Print Email Email
BANGALORE: CMS computers is examining the possibility of spinning off some of its divisions into separate entities, reports Economic Times.

Independent status will help the divisions to grow at a faster pace and utilize their strengths better, said Ramesh Grover, managing director, CMS Computers.

Grover told ET that a time-frame for the spin-off has not been decided. Most division within CMS were formed as they developed specific niche solutions for customers, he said.

Divisions providing card-based solutions, system integration and printing are likely candidates for becoming independent.

The 26-year-old CMS has several group companies like CMS Traffic, CMS Securities, Kaycee and CMS Institute, which were divisions before becoming separate entities.

Grover said that one-stop solutions, nationwide presence and the ability to offer appropriate solutions are the strengths of CMS.

CMS, with revenues of Rs 400 crore-plus, expects to augment its income through its independent entities. The company offers many home grown solutions that specifically address customers issues. Examples are its Time Office System Software, which offers a comprehensive time office application.

Grover said that its solution focus is helping the company withstand competition from MNC vendors and widen its base of customers.

Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..