Financial Daily from THE HINDU group of publications
Tuesday, Mar 28, 2006
Financial Daily from THE HINDU group of publications Tuesday, Mar 28, 2006 |
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Software Info-Tech - Off-shore Development Fujitsu Consulting to expand Rapidigm India Kripa Raman
Big plans To tap pent-up demand for offshoring To gain access to niche markets in N America. May set up centre in Chennai too
Mumbai , March 27 Fujitsu Consulting plans to invest between $5 million and $10 million to expand Rapidigm Inc's India facilities to allow for increased global offshoring to this country. This will also entail the doubling of Rapidigm's headcount here over the next 12 months. Fujitsu Consulting, one of the top IT services companies globally, recently gained a foothold in the country when it agreed in February to buy Rapidigm which has facilities across India and North America. The consideration for the acquisition was not disclosed. "Rapidigm is strategically important to Fujitsu Consulting and will continue to be in the future, considering that we are looking at 50 per cent of revenues from the offshore market in the next five years," said Mr R.J. Smith Senior Vice-President, Fujitsu Consulting. The offshoring capabilities available through Rapidigm was one of the major considerations in making the acquisition, Mr Smith said. "There is tremendous pent-up demand from Fujistu customers for offshoring," he said. Rapidigm also helps Fujitsu gain market coverage in specialised areas such as ERP (SAP, Oracle, PeopleSoft), and business intelligence, and also gain market coverage in North America. Fujitsu will start taking offshore its own internal systems. To start with. Rapidigm's headcount in India, currently at 800, will be doubled or even tripled in a couple of year's time. The company is also considering an additional centre in Chennai. It is present in Delhi, Pune and Noida and Hyderabad. Rapidigm did revenues of $250 million in 2005, said Mr Lokesh Sikaria, Chief Operating Officer. The company would retain its name for at least eight weeks after the acquisition, he said. Fujitsu will introduce other services at Rapidigm. These will be legacy migration, documentation compliance, application development and management and BPO staffing.
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