Thursday, July 02, 2009:
Saksoft, a global software services company focussing on the BFSI segment, is planning to increase focus on markets across geographies such as the US, the UK, Europe, India and APAC. Saksoft acquired seven new clients in last two quarters and expects to double its revenue and headcount in next three years.
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Saksoft provides technology solutions in information management (IM), Web development and business application testing and has development centres in Noida, Chennai and Manchester (UK). In Chennai, Saksoft has moved into a new office at SP Infocity, a 20,000 sq. ft facility located at Perungudi.
Experts believe that investment in technology is the best bet for banking and financial institutions to survive the present downturn, unscathed. Capitalising on its strong presence and age-old client relationships in this segment, Saksoft has remodelled and enhanced its business strategies to continue its upward growth. Besides acquiring new business, Saksoft is also strengthening relationships with its key clients by offering them a spectrum of new services.
With the introduction of services like data warehouse testing, Saksoft has extended its portfolio in the information management space; while in the Web development domain, it is focussing on new areas like cloud computing, open source migration and portal development.
Speaking on the occasion, Aditya Krishna, founder and managing director, Saksoft Group, said, “Saksoft has seen substantial growth year-on-year and even in times of global slowdown. Having established our niche in the BFSI sector, we are now extending our unique services to the growing telecom segment. Our strategy to diversify into new verticals coupled with increased focus across geographies will fuel Saksoft’s growth in the future. During the last quarter, we increased our headcount by 10 per cent, and we now plan to double it in next three years.”
In an attempt to bridge the gap between employable talent and the large chunk of engineering graduates, Saksoft has started an academy to train graduates in niche technologies that empower and make them industry ready.
Highlighting on the future plans of the company, N K Subramaniyam, executive director, operations and technology, Saksoft Limited, said, “Saksoft has bagged seven new clients recently. Currently about 80 per cent of our revenue comes from the US and Europe, while the rest of the 20 per cent is shared between India and the Asia pacific markets. We are keenly looking at expanding and strengthening our business through partnerships and alliances in various geographies, thereby increasing our revenue by two folds in next three years.”
Saksoft recently launched an Advanced Deduplication Solution designed specifically to suit the requirements of high customer data intensive sectors such as banks, insurance, telecom, credit bureaus and airlines.
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