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Shamik Paul

Bangalore, June 27 Collabera, a provider of end-to-end IT services, said it continues to see strong growth in the mobile communication space, though some of the other verticals might be slow.

Mr Mohan Sekhar, President and Chief Operating Officer, Collabera, said there would be more IT spending in the mobile communication segment in spite of the slowdown.

He said banking and financial companies in the US are looking to offer more services through the hand-held devices. The communication service providers, too, are spending money on developing more applications, he added.

In the banking and finance sector, the demand for anti-money laundering solutions would increase, he said. But generally companies are cautious about spending on technology.

Mr Sekhar said online retail is also pretty strong in the US and Collabera sees good growth in the Web site management space. However, the manufacturing and retail sector would be slow, he added.

Collabera is also looking at more investment in UK to grow its marketing and sales team, Mr Mohan said.

He said, in UK, the company has good business in the media and publishing space. The company provides content aggregation services to the media houses in the UK.

Usually the content is spread across print, online and television media, and there is room for data consolidation and streamlining, he said. Consolidation not only cut costs but also improves efficiency, he added.

Collabera provides services that includes application development and management, testing, outsource product development, enterprise software solutions, business intelligence and data warehousing.

However, application development and management makes most of the revenue, the company said.

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