Archive for August, 2007

SGO to drive IT companies’ growth

SGO to drive IT companies’ growth Thursday, August 23rd, 2007

Jaideep Billa, Chief Technology Officer Polaris Software Lab Ltd, predicted that progressive modernisation of framework and intellectual property driven SGO would drive IT companies growth for the next 10 years, particularly in consulting and technology fields. Thereafter, third generation outsourcing including sub-assemblies and complete opening up of the market place with an industry standard framework and services oriented architecture would predominate.

Meanwhile, first generation outsourcing would continue and would be gracefully phased out. Billa explained that the second generation outsourcing model was present in manufacturing and ultimately the manufacturing model would be adopted for software services as well.

G.B.Prabhat, founder and CEO of Anantara Solutions Pvt Ltd, told that the new model would enable integration of consulting and technology services for the company. He said that the components for software solutions like Java coding, software testing services, performance management systems, and infrastructure management solutions would be outsourced by Anantara from China, Russia, India and Singapore and assembled by the company for further outsourcing to clients in nine countries.

Billa said that the IT companies had not adopted a uniform framework. He predicted that the new model would lead to incremental reuse of existing software components, bringing down costs. Polaris has started working with its banking customers on the SGO while TCS made a move in that direction with its subsidiary on banking products.

Calsoft has evolved a differentiation strategy through focused offerings and specialisation that allows vendors to offer increased business value to their customers. COO at Calsoft J.K.Nair said that specialisation empowers vendors to offer different engagement models and pricing mechanisms such as risk-reward engagements and value-based pricing.

Wipro named authorised wi-fi test lab

Wipro named authorised wi-fi test lab Thursday, August 23rd, 2007

The Wi-Fi Alliance has announced that Wipro Technologies will serve as its authorised test laboratory. This development will see member of the Alliance located in India and Asia utilising Wipro’s facility in Bangalore for certification for wi-fi certified products.

The number of wireless fidelity (Wi-Fi) devices shipped globally and in India continues to grow as more and more consumer products such as mobile phones and digital cameras are incorporating this technology. The Wi-fi market in India is expectd to exceed $744 million by 2012. India currently has about 1000 wi-fi hotspots.

Wipro’s lab was previously authorised for the wi-Fi Alliance pre-certification programme, which prepared products for wi-fi certified testing. Wi-Fi Alliance senior director Karen Hanley said that having access to testing services in the India region could reduce time to market and cost of development, as those testing facilities would be closer to many of their members’ product development activities.

The Wi-Fi Alliance has certified more than 3500 products since the introduction of the wi-fi certified programme in March 2000. There are now 12 wi-Fi Alliance authorised test laboratories around the globe.

It has over 300 member companies that promote the growth of wireless local area networks. Wi-fi, or wireless fidelity, allows users to connect devices such as laptops, mobile phones, gaming devices and digital cameras wirelessly to the internet. A wi-fi enables area, also called a hotspot, typically has a radius of 300 feet.

Quintegra likely to buy Us firm for $50 million

Quintegra likely to buy Us firm for $50 million Thursday, August 23rd, 2007

Quintegra Solutions, an It services and solutions company is looking to acquire a US-based software company in the BFSI segment for about $50 million, as a part of its presence in the market.

The Chennai-based company is raising resources to fund the takeover, according to sources close to the development. It would pay $20 million upfront in cash, for the US based company which reported revenues of $62 million in 2006.

It is said to have tied up initial round of funds with SBI for the takeover. If it goes through, Quintegra’s revenue this year is expected to be above $100 million as against the earlier projection of $40 million.

A Quintegra spokesperson declined to comment on the development. But, it is learnt that the due diligence is now going on and the acquisition is likely to be through by second week of September, sources said.

Quintegra Solutions, which is listed in BSE and NSE, reported revenues of $18 million in the year ended 31 March, 2007. It expected the topline to grow to $40 million on the back of two acquisitions it made earlier this year. State Bank of India helped in funding the acquisitions then by lending $5 million.

Quintegra Solutions has offshore development centres in Chennai and Bangalore, acquired valleyUS of the Us in March for $9.5 million and jadelite technologies of Singapore for $1 million. Quintegra chairman and managing director Shankarraman Vaidyanathan told that acquisitions were a part of its plan to reach its target of $100 million by 2010.


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