NIIT Technologies Limited, the global IT solutions provider with a strong profile in the financial services, retail and transportation sectors, will be focusing on the remote infrastructure management services, investing in the creation of offshore facilities for the segment, Mr Arvind Thakur, CEO of the company, said on Tuesday.
Speaking to this newspaper, Mr Thakur said NIIT Technologies had identified IMS, in which the technology infrastructure of clients is managed remotely, as an emerging segment. "We have set up an IMS centre in Bangkok, Thailand, and will be setting up data centres in Mumbai and New Delhi," Mr Thakur said a day after NIIT Technologies announced that it acquired a controlling interest in ROOM Solutions, a United Kingdom-based insurance solutions provider.
Mr Thakur said that while application development and maintenance had formed the first wave of offshoring and BPO the second, IMS was an important segment of the third wave. "Some research has estimated that IMS will be a $75 billion opportunity, so NIIT Technologies is investing financial and human resources in developing expertise in this segment," he said. He, however, declined to quantify the investments.
However, NIIT Technologies will continue develop and grow the areas it has been traditionally strong in like BFSI, retail and travel and transport sectors. "Retail is just beginning to emerge as a huge segment in India and we are working with some of the larger retailers, developing technology for them," he said.
Mr Thakur said the acquisition of ROOM Solutions would cost $25 million. The UK-based company’s revenues would be reflected in NIIT Technologies’ balance sheet from the first quarter of 2006-07, he said.
Speaking to this newspaper, Mr Thakur said NIIT Technologies had identified IMS, in which the technology infrastructure of clients is managed remotely, as an emerging segment. "We have set up an IMS centre in Bangkok, Thailand, and will be setting up data centres in Mumbai and New Delhi," Mr Thakur said a day after NIIT Technologies announced that it acquired a controlling interest in ROOM Solutions, a United Kingdom-based insurance solutions provider.
Mr Thakur said that while application development and maintenance had formed the first wave of offshoring and BPO the second, IMS was an important segment of the third wave. "Some research has estimated that IMS will be a $75 billion opportunity, so NIIT Technologies is investing financial and human resources in developing expertise in this segment," he said. He, however, declined to quantify the investments.
However, NIIT Technologies will continue develop and grow the areas it has been traditionally strong in like BFSI, retail and travel and transport sectors. "Retail is just beginning to emerge as a huge segment in India and we are working with some of the larger retailers, developing technology for them," he said.
Mr Thakur said the acquisition of ROOM Solutions would cost $25 million. The UK-based company’s revenues would be reflected in NIIT Technologies’ balance sheet from the first quarter of 2006-07, he said.