The Hindu Business Line : Thinksoft bets big on software testing services

The company has, through its domain focus, structured testing methodologies, offshore delivery and test automation services helped organisations understand the value of ‘business ready software’, take advantage of compress timelines and enjoy from reduced software product life cycle costs, its Executive Director, Ms Vanaja Arvind, told Business Line.

Claiming to have helped systems integrators, product development companies and its clients in the BFSI vertical achieve ‘defect-free’ roll outs of financial software products such as PRIME, VisionPLUS, FLEXCUBE, FinnOne and Siebel, Ms Arvind said software testing services needed expertise as compared to product development.

“Most large organisations that outsource their services see no benefit as the system is full of glitches. We offer both system integration service and perform the user acceptance defects test as well.”

Global presence

Since its inception in 2000, the company has managed to establish a global presence in New York, London, Frankfurt, Singapore, Bangalore, Chennai and Mumbai.

On the demand for ‘software testing’ services among Indian banks, she said “we have a couple of clients, but the industry needs to respect the global price point. They only look for ‘low rate bids’ instead of paying ‘something extra’ for a premium product. The value proposition must be understood,” she added. Thinksoft is not eyeing the Indian market alone. It has in the last two years grown at a compounded annual growth rate of 38 per cent in the US, and the UAE markets.

The company has closed a $2-million deal in the US and is confident of adding two more before this year-end.On turnover, she said “we have managed to do $21 million this year against $13.5 million last year. We are targeting at $100 million in a span of 5 years at the current pace of growth.”