Indchem Software Technologies Limited |
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An exciting new tie-up |
Indchem Software Technologies Limited (ISTL), has formed a partnership with Decision Consultants Inc. (DCI), a US based Information Technology Services provider to Fortune 1000 companies and government organisations. The partnership has created DCI’s Offshore Performance Centre of Excellence (OPCOE) operated by Indchem Software at Chennai, India. The partnership agreement provides for exclusivity between DCI and Indchem Software, with DCI as Indchem’s sole US partner and Indchem Software as DCI’s sole Indian partner.
Addressing a press conference after the launch of OPCOE on February 15, 2002, N Kumar, Chairman, ISTL and Vice Chairman of the Sanmar group said, “Indchem Software is tremendously excited to have formed this strong international partnership with Decision Consultants, Inc.” He added, “Our relationship gives each partner new access into the other partner’s market, and we look forward to working within DCI’s Optimized Delivery Model to deliver high-quality, cost-effective services on time and within budget”.
Bernard J Alter, US Consul-General and Ed Longo, President & COO, Decision Consultants, Inc., USA, inaugurating the Offshore Performance Centre of Excellence (OPCOE) at Chennai.
Nozer Buchia, DCI’s Vice President and General Manager for Application Management Services, said that the Optimized Delivery Model provided clients with blended onsite, offsite and offshore teams customised to meet each client’s project requirements.
Ed Longo, President and COO of DCI, said, “We made the decision to add an offshore component to our service offerings and chose Indchem Software as our offshore partner after an exhaustive view of the market and of potential partners”.
Founded in 1976, DCI has succeeded as an IT services provider for some of the world’s largest and most respected companies including Abbott Laboratories, Bank of America, Canadian Pacific Railway, DaimlerChrysler, Ford Motor Company, Nortel Networks and United Airlines.
The partnership will allow the two companies to leverage their skills and offer innovative technology solutions and flexibility to clients while maintaining competitive prices.
CIBER Inc. (NYSE: CBR) is a leading international, e-business integrator, providing IT services for Internet strategy and development, complete life cycle system integration (from customer quotation through cash collection), with superior value-priced services for both private and government sector clients. CIBER’s services are offered on a project or strategic staffing basis, in both custom and Enterprise Resource Planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974, the company’s consultants now serve client businesses from 45 CIBER, 10 DigiTerra, five Solution Partners and two Enspherics offices in the U.S., Canada and Europe. With offices in six countries, CIBER’s 5,000 IT specialists continuously build and upgrade our clients’ systems to “competitive advantage status.” DCI’s business model is most similar to CIBER’s core custom branch offices’ business model, with roughly the same mix of IT solutions and staffing business. The merger is projected to be accretive this year (the last eight months of 2002) and in 2003 and beyond.
Jack Krasula, DCI’s Founder and Chairman added, “We have known CIBER seemingly forever. We have watched CIBER grow and mature into a solutions company, the same changes DCI has been making, particularly since we hired Ed Longo, Keane’s former Senior Vice President of Operations, in 2000. With DCI’s major client relationships and offshore delivery capability, we feel we complement CIBER very well. CIBER will also benefit from DCI’s program and project management expertise developed in the last couple of years. And, the time has come to give our employees the opportunity to
be part of a public company as our industry begins to recover. There will be more consolidation in our industry, fewer public players. CIBER’s critical mass and great operating base make this combination well-timed and strategic.”
In addition to Chennai, India, CIBER will have new offices in Ft. Lauderdale and Jacksonville, Florida.
The combined operations of CIBER and DCI will represent nearly $700 million in revenue, and almost 6,000 employees operating in seven countries on three continents. The competitive advantages of the combined company include critical mass, pricing leverage and superior delivery capability against CIBER’s most frequent competition, the consultancies of the Big 5.
Bernard J Alter is seen here with (L to R) S R Ramaswami, President & COO, ISTL, Nozer Buchia, Vice President, Decision Consultants Inc., N Elangovan, General Manager and N Kumar, Chairman, ISTL, Ed Longo and N Sankar.
ISTL’s head office at Chennai wears a festive look.