Dion Global to focus on product development

MUMBAI, INDIA: After making three strategic investments including in India and abroad over the past two years, Religare Technova Limited, an integrated global software solutions provider for financial markets, re-branded itself on Wednesday as Dion Global Solutions Limited.

With core focus on software solutions, research and information services for financial sector, Dion Global Solutions’ managing director and CEO, Ralph J Horne said that it took two years in strategic planning and investments in the company’s business leading to the name change and re-branding.

“We are now putting in place the building blocks to deliver more distinctive and integrated propositions to our customers to support the growth of business. And we will continue to invest further in the business and people to expand our product portfolio,” Ralph said.

According to Ralph, the company’s product portfolio is at infancy stage with some 5-6 products. “However, we want to develop new products and expand the portfolio to 15 products in the next three years,” he added.

On enhancing research and development capabilities, Ralph commented, “Leveraging the local talent and cost advantage in India, we are developing new product in the risk and assessment management space along with analytics for financial market.”

Further he informed that the company will increase total headcount by 20-25 per cent, which is about 100-125 professionals in the next one year. Among them, 60 per cent will be the technical staffs and the remaining would the support and sale staffs.

In India, Dion Global has the state-of-the-art product innovation center in Noida where over 200 technical staffs undertake about 90-95 per cent of product development works. 

The Religare Group-promoted firm has over 450 employees globally including India and 400 customers spread across Latin America, Europe, Asia and Australia with offices spread across 14 countries.  

In the past two years, Dion Global has strategically invested in two foreign firms including US-based Marco Polo Networks and Chase Cooper Limited based in UK. Beside, the BSE listed firm de-merged its Healthcare IT and IT services businesses, which it had bought from Bangalore-based Sobha Renaissance Information Technology (SRIT) Pvt Ltd in 2010.