BANGALORE: Asset finance portfolio management software and services developer International Decision Systems (IDS) today announced its plans to expand its Bangalore operations.
The US-based company had in October 2005 set up its Global Product Development Centre at Bangalore, the largest of its kind for IDS, for the continued development of its leasing and loan accounting and portfolio management solutions.
Since then, International Decision Systems has completed the development cycle for the first live installation of “ProFinia”, the intended next generation solution for booking the world's leasing and asset receivables. The Bangalore Development Centre continues as the development hub for ongoing expansion of ProFinia.
In addition, the Bangalore Global Development Centre is expanding to include development for “Rapport” an origination system implemented at dozens of companies, many listed on the US Fortune 500 list.
From a staff strength of 10 in mid-2005, the centre in Bangalore would grow to a 50 people outfit by end of May 2006, catering to product development activities. IDS have plans to further scale the Bangalore Development Centre to about 150 by end of 2008.
IDS claimed that the ProFinia and Rapport solution suite provide the world's first leasing and asset finance specialized solution that integrates a single streamlined process from field sales through end-of-lease processing.
“Our Bangalore Global Development Centre was integral to our achievement of the first-in-world implementation of the ProFinia/Rapport specialized leasing and asset finance software,” said Todd Davis, president of International Decision Systems. “Our vision of growth includes expanded Bangalore operations to meet the rapid development cycle of these recent market entries.”
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