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Thomas K. Thomas

New name, brand identity by next month

New Delhi , Sept. 10

Flextronics Software Systems (FSS), formerly known as Hughes Software, is planning a major ramp-up of its operations, including setting up a base in Latin America, increasing the employee base by 3,000 and looking out for acquisitions to augment its presence in new business segments.

The company is also in the process of restructuring its businesses by merging six of its subsidiaries located across the world. While five of the companies have already been merged, the Ukraine operation is yet to be brought under Flextronics.

Flextronics Software will also announce a new name and brand identity next month. This is a fall out of Flextronics International selling its majority stake (85 per cent) in FSS to KKR, a US-based private equity firm for $900 million early this year.

New chief's vision

The newly appointed President and Chief Operating Officer, FSS, Mr Manoranjan Mohapatra told Business Line that, "Our vision is to take FSS to become the leading telecom outsourcing company. We are about three years away from achieving this goal. We are aiming revenues of $500 million during this period achieving a 30 per cent year-on-year growth over the next three years." FSS had revenues of $240 million at the end of the financial year 2005-06.

FSS has centres in India (Bangalore, Chennai and Gurgaon) China and Ukraine, at present, and is eyeing to enter the Latin American market. "Latin America is a possibility that we are looking at for next year but we will probably be going the bootstrap method, that is through a local partner," said Mr Mohapatra.

Expansion in Ukraine

Meanwhile, Flextronics will increase its manpower in Ukraine from 500 to over 1,000, and, in China, from 50 to 300 over the year. "We have 6,000 employees working entirely in the telecom sphere and that is a unique proposition that a few can match. We plan to add another 3,000 next year," said Mr Mohapatra

FSS is also foraying into new business areas such as the enterprise segment. "While we are very strong on R&D outsourcing segment, we are now focusing on some new areas such as infrastructure products and application development. We also see opportunity in the hardware embedded practice. For growing our presence in these segments, we are open to acquiring companies who already have developed some expertise," said Mr Mohapatra.

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