Ness Technologies to expand India operations
Friday, 30 November 2007, 15:55 IST
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Bangalore: Ness Technologies,the U.S.based global provider of IT services and solutions, is expanding its India operations to focus on strengthening the three verticals of independent software vendors (ISVs), financial services and life sciences. "Ness India forms a crucial part of our global best-shore proposition. In line with our margin and revenue expansion strategy for 2008, we will penetrate the American and European markets through offshoring and grow through organically and strategic acquisitions," Ness Technologies CEO Sachi Gerlitz told reporters here Wednesday. With offshore development centres in Bangalore, Chennai, Hyderabad, Mumbai and Pune, the four-year-old Ness India employs about 2,500 software engineers, which is one-third of its global workforce. Ness India managing director Bharath Kalyanram said the company's global business model would deliver high value to its customers worldwide through innovation and speed of delivery. The $474-million Ness recently acquired MS9 Consulting, a U.S. firm, with strong presence in the life sciences industry. It also bought out FMC Consulting and Informatics, a privately-held Hungarian IT consulting and services firm. Ness' India centres house outsourced software research and development (R&D) labs for about 40 ISVs, leading clients in financial services and the emerging life sciences and healthcare clients. The Nasdaq-listed Ness posted a strong revenue year-on-year growth of 22 percent during the first half of this fiscal (Jan-Sept, 2007) and has given a revenue guidance of $550 million for the full calendar year.
Source: IANS
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