TCS targets $1-b revenue from iON

Our Bureau Pune | Updated on March 18, 2011 Published on March 18, 2011

Tata Consultancy Services is targeting revenue of $ 1 billion from iON in the next five years, Mr V. Ramaswamy, global head for TCS' Small and Medium Business (SMB) business unit, said. Speaking at the launch of iON in Maharashtra, he said that a little over a month after the cloud-based business solution for SMBs was introduced in the Indian market, it had a portfolio of over 200 customers. “We expect this number to touch 1,000 by the end of the forthcoming fiscal and our revenue target at the end of five years is $1 billion,” Mr Ramaswamy said. Elaborating on the roll out strategy, he said that TCS would launch SMB solution in 10-12 States in the next year or so. iON currently has 90 cloud computing partners in 26 cities across India, and more will be added as they ramp up. The focus initially is the Indian market and the company will look at overseas markets as they go along. As of today, amongst the five target sectors, iON adoption has been the highest in manufacturing and education sectors, followed by retail, wellness and professional services. More sectors will also be added in time, Mr Ramaswamy said.

iON is TCS' first venture in the SMB segment and a separate business unit has been established to cater to this sector. The integrated, on-demand, pay-per-use, pre-configured business solution covers the entire spectrum of business processes for SMBs and is an end to end solution that does not require the enterprise to invest in hardware, software or software services.

Published on March 18, 2011
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