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Zensar Targets $50 Million Business From IM Unit
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Announces multi-year contracts of over $10 million for infrastructure management.
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Thursday, September 18, 2008:
Pune-based Zensar Technologies, a software services and business process outsourcing organisation, has announced the formal launch of its infrastructure management (IM) business unit with significant deals signed and ambitious growth targets. Since its pilot launch earlier this year, the company has signed deals with its existing clients and new customers in the US, Europe and South Africa totalling to over $10 million of business booked in the current fiscal. The Zensar IM practice is aiming at being a $50 million entity by 2010-11.
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According to Dr Ganesh Natarajan, deputy chairman and managing director, Zensar Technologies Ltd and chairman, NASSCOM, “The global infrastructure management business is growing steadily and older assertions are being amended to reflect rapidly expanding growth. Zensar’s IM practice has established itself as a significant player and is aimed at being a $50 million entity by 2010-11 with more than 1,000 personnel, positioned as ‘the business availability partner to global corporates’. The company is also looking for a $5-6 million acquisition in FY 2010 to lend scale and for market penetration in Europe or South Africa in this area.”
The global market size of remote infrastructure management (RIM) is $95-104 billion. India, China and South African RIM market will grow to $26-28 billion by 2013.
The India IM (managed services and RIM) industry has grown more than 60 per cent (each year) in last two years. The Everest Research Institute has predicted that RIM would grow to $8.6 billion in the next three years with an annual CAGR of 61 per cent.
“Zensar has invested in a robust IM practice launching new services lines called ZenRIMS (Zensar Remote Infrastructure Management Services) and ZenGDC (Zensar Green Data Centre). Eastern Europe is a significant market for these services and South Africa, Australia and Singapore too have been showing great growth potential for these services. Zensar could be looking at an acquisition in the networking and security space to enhance capability and scale for expansion into these territories. IM Shared Services has been showing significant traction with its unique pay-per-use model and the fixed services packs,” added Ankit Ghosh, global head, infrastructure business, Zensar.
Krishna Ramaswami, vice president and head of the newly formed strategic services and supply units at Zensar said, “The worldwide infrastructure management services (IMS) market today is $524 billion that manages an enterprise’s core IT systems, including hardware, software, connectivity and people. The industry growth has been upbeat at a 60 per cent year on year in the IM space, and we expect this service along with consulting and testing to add significant value to our business transformation proposition in all markets.”
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