The Hindu Business Line : Vertex Soft plans new facility

Pune, June 3 Pune-based Vertex Software Pvt Ltd, player in e-business applications, mobile technologies and product outsourcing space, would play an important role in the global strategy of NTT Data.

In November last year, NTT Data had acquired 68.7 per cent stake in Vertex which is now an NTT Data Group company.

Talking to presspersons, Mr Shinchi Yamada, Chief Technology Officer of NTT Data, said that the road map for Vertex included a new software facility, sales revenue of $35 million within three years, growth rate of around 50 per cent for the next three years and employee strength of 1,000.

Mr Yamada said the company planned organic growth in the European and North American region and merger and acquisition in the Asian region.

He noted that the company had increased its bases worldwide from 26 cities to 57 cities and its employee strength from 846 to 2,500. In the European region, it increased its base from one city to 29 and employees from four to 900. In the Asian region, the bases remained the same 11 cities, but employees had increased from 427 to 850. Data for the North American region showed spread from 14 cities to 17 while employee strength grew from 415 to 750.

Tokyo buy

Mr Ajit Patil, Chief Executive Officer and co-founder, said Vertex Software has acquired a small sales and marketing company in Tokyo, called Global passenger, which has a five-member (4 are Japanese nationals) marketing team and a relationship with marquee Japanese companies. Vertex has a non-exclusive alliance with Global Passenger to market its services in Japan.

Mr Nitin Datar, Executive Director and co-founder noted that it was targeting revenues of $35 million in three years. About one-third would come from NTT Data, one-third from the rest of Japan and the remaining from non-Japan segments. He noted that it was looking at a sustained growth rate of around 50 per cent for the next three years.

He said the Japan strategy would be to have a native Japanese front-end to develop relationships with customers and domain focus would be on financial services, mobile operators and manufacturing and logistics.

It is moving from system developer to a solution provider and would include end-to-end solutions including infrastructure services and synergies with NTT Data’s system platform sector.

He said in-house training programmes would also be taken up, with about 15 people coming in from NTT Data to Vertex for training in business English and technology while about 12 would go to NTT Data for understanding the platform. The programmes would begin in October this year, he added.

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