I-Flex Solutions unveils first overseas facility in Singapore

Wednesday, 18 December 2002, 08:00 Hrs
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NEW DELHI: I-Flex Solutions, one of India's leading mid-size software development and services firms, Wednesday announced the setting up of its first overseas software development centre in Singapore.

The centre, located at the state-of-the-art International Business Park in Singapore, has the capacity to house 100 software developers, said an I-Flex statement issued to the Bombay Stock Exchange.

The company, which is mainly a software solutions provider for the financial services industry, said the setting up of the centre is part of I-Flex's strategy to provide continuity of business.
Indian software makers realised the need for setting up back-up facilities, or business continuity centres, after India and Pakistan came close to the brink of a full-scale war in May.

The border tension between nuclear-capable India and Pakistan had triggered concern among clients of Indian companies about the safety of outsourcing IT projects to India.

Polaris Software, one of India's largest IT services providers for banking and insurance industries, in August announced the launch of its first back-up software development facility in Singapore.

"We opened our sales and marketing office in Singapore in January last year and established our full-fledged subsidiary later in the year," said Kishore Kapoor, vice-president (Asia-Pacific sales) of I-Flex Solutions Private Ltd.

"This centre now will allow us to serve our customers with a greater flexibility and reinforce our commitment to customers in the region," he added.

I-Flex provides IT solutions and services to more than 375 customers in over 86 countries. The company's flagship product, FLEXCUBE, has been sold to more than 120 customers worldwide.

With more than 2,100 employees and six development centres in India, I-Flex is ranked among the 20 largest software exporters. It has a strong global reach, with sales, marketing and support presence covering over 16 overseas locations.
Source: IANS
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