Business Daily from THE HINDU group of publications
Wednesday, Jun 06, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jun 06, 2007 ePaper |
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Info-Tech
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Software Triple Point plans expansion in India Our Bureau
Pune June 5 Triple Point Technology, supplier of cross industry software for commodity exchanges, is planning to expand in India. Talking to presspersons, Mr K. Oni Chukwu, Chief Financial Officer of TPT, said the company has so far invested close to $7million into its Pune facility. The centre was opened in 2001. He said it was planning to increase its investment by 40 per cent in 2007. He said the centre, which has a headcount of 130, would also be increased by 40 per cent this year. He said Pune was the largest development centre and added that it was planning to double its headcount by 2008. Mr Anand Veerkar, President, Asia Operations, TPT, said its flagship product, Commodity XL, would have its growth in the segments of electricity, petroleum sector and commodity sector. GUVNL (Gujarat Urja Vikas Nigam Ltd) has implemented Commodity XL and is the first State electricity company to deploy the integrated trading and risk management solution. He said the Asia-Pacific region accounted for 14 clients, of which about four were in India, six were in Singapore, one each in Dubai and Malaysia and two in Hong Kong. He added that the software is being used by 3,000 traders to manage more than $3 trillion in risk.
More Stories on : Software | Commodity Exchanges
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