The Hindu Business Line : Talisma partners Orient Info

CRM solutions provider Talisma Corporation said on Wednesday that it has partnered with Orient Information Technology Ltd to tap the West Asian market.

Announcing the tie-up, Mr Vikram Shah, Managing Director, Talisma, said that the company seeks to address the specific markets of the UAE, Bahrain, Qatar, Oman, Saudi Arabia and Kuwait through the tie-up.

Talisma is looking at revenues of $2-5 million over the next two years from these markets, he added.

The Talisma-Orient combine would target verticals such as banking and financial services, telecom, and utilities.

Orient, which is listed on the BSE and NSE, has a considerable reach in the West Asian market as it has been operating in the region for close to a decade. It derives about 65 per cent of its over Rs 60-crore revenue from the region.

Meanwhile, Mr Dan Vetras, President and CEO, Talisma said that the company expected to break even in the first quarter next year. However, he refused to comment on the revenues.

Talisma recently raised $5 million in second-round funding from Oak Investment Partners taking the total investment to $17.5 million.

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