RPG group company Zensar Technologies has bagged a contract from the Maharashtra State Electricity Distribution Company to implement SAP's enterprise resource and planning software as part of over Rs 50-crore deal.
“As part of the deal, we will implement new packages and migrate the existing ones for the corporation. The deployment will cut across all activities of the corporation such as finance, metering, human resources and so on,” Dr Ganesh Natarajan, Global CEO and Vice-Chairman Zensar Technologies, told Business Line on the sidelines of a news conference, here on Thursday.
Bulk of the implementation at MSEDCL will happen in the current year itself, he added.
Separately, Zensar said it plans to scale up its infrastructure management practice to $400 million in revenues by 2015.
This will be achieved by leveraging the capabilities of US-based Akibia (which Zensar had acquired in 2010) in addition to pursuing inorganic growth opportunities.
This year Zensar expects to clock revenues of $130-135 million from its infrastructure management practise, said Dr Ganesh.
“Infrastructure management is something that corporates require to keep the lights on. And hence we are confident that this business will do well despite all the talks of the European credit crisis and the impact it could have on clients IT budgets,” he said.
Indian companies specialise in providing remote infrastructure management (RIM), which refers to managing information technology infrastructure such as workstations (desktops, laptops, notebooks, etc), servers, network devices, storage devices, and IT security devices of a company from a offshore location like India.
According to a joint study by Nasscom and McKinsey & Co, India is positioned to capture $13-15 billion of the global opportunity in RIM by 2013.
Last year, Zensar had entered into a definitive agreement to acquire Akibia, for $66 million. Founded in 1988, Akibia is a key player in the infrastructure management space with revenues of over $100 million. However, Akivia will not merge with Zensar for the next two years, company officials said
“Our aim is to make Akibia one of the top global providers of infrastructure management solutions,” said Mr Thomas Tucker, President and Chief Executive Officer of Akibia.
The Zensar scrip was down by 0.38 per cent to close at Rs 118.5 on the BSE today.