Financial Daily from THE HINDU group of publications
Friday, Jan 21, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 21, 2005 |
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Info-Tech
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Off-shore Development Prodapt to set up 2 more offices in US Our Bureau
Chennai , Jan. 20 PRODAPT Solutions today announced plans to add two new offices in the US. The new locations would be Chicago and New York. It already has an office in California. Addressing a press conference here today, Mr Vedant Jhaver, President, Prodapt, said that the company would expand its employee strength over the next year to 600, from a current base of 280. The company is also helping Concerto Software set up the latter's first development centre here in India, on a build-operate-transfer (BOT) basis. Mr Jhaver indicated that the BOT project was to be executed over a 15-month period and that revenues from Concerto for Prodapt would decrease once the handover occurs. However, he said, the company would still be able to record a 70 per cent growth for the March 2005 fiscal over the Rs 14.5 crore revenue it posted in the last fiscal. About 70 people from its current payrolls would go over to Concerto at the end of the BOT project. Prodapt, which belongs to the Jhaver group, includes Sun Microsystems, Motorola, Vodafone, Affiliated Computer Services and Samsung.
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