Financial Daily from THE HINDU group of publications Saturday, May 15, 2004 |
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Info-Tech
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Software Sapient to expand India operations Our Bureau
Bangalore , May 14 SAPIENT plans to expand in India, with an operational centre in Bangalore, in addition to the 800-strong facility in Gorgon, according to the chairman and CEO, Mr Jerry Greenberg. Earlier reports had indicated a 200-strong Bangalore facility, but Mr Greenberg did not confirm the number. He, however, said, "Over 55 per cent of our workload and 52 per cent of our workforce are in India and that number is set to expand as our business opportunities grow." Sapient had earlier said it had invested over $10 million in the Indian centre but Mr Greenberg declined to mention current or planned investments. Our value proposition versus our competition is still high and we expect our global distributory delivery model to continue to yield high business value, said Mr Greenberg, adding that over 60 per cent of the company's last quarter revenues of $59 million came from projects handled by its Indian centre. "Ours is not an India development centre as it is with our competitors, we are operating out of India and plan to grow the operations even as our business does," Mr Greenberg said, adding that most of Sapient's customers were in the US, Canada, Great Britain and Germany. The $180-million Cambridge, Massachusetts company offers fixed-price, fixed-time services, ranging from designing a technology strategy to application management, for clients such as Aetna, Deutsche Bank, ESPN, Harvard University, Nordstrom, Sallie Mae and UPS.
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