Mascot forays into Australian market

NEW DELHI: Mascot Systems, a Global Software Services company, has announced

the acquisition of multiple high potential customers in the Australian region.

These engagements include developing an Integrated Water Management System for

an Australian water services provider and a Plant Budgeting System for one of

Australia's largest contract-mining groups. The contracts have an aggregate

value of AUS $1.1 million and represent Mascot's initial foray into the high

potential Australian market.

Mascot's initiatives in Australia have met with rapid success, with four

assignments being won over the last two months. The region provides high

business visibility in the immediate term.

With these initial engagements in Australia, Mascot has extended its strong

Asia Pacific regional presence by leveraging synergies with its parent group,

iGATE. The combination of the iGATE Group's established Australian presence and

Mascot's technological competence and global project experience has created a

strong value proposition for clients.

Mascot is committed to expanding its presence in the Asian region. In line

with this objective, Mascot has created a Japanese organization that is fully

integrated with local culture and values. In Singapore, Mascot has a sizable

presence and an impressive customer base - comprising large multinational

corporations.

In addition, the strategic acquisition of Mastech Malaysia has further

entrenched Mascot's ASEAN presence. Asia Pacific contributed Rs 42 crore to

revenues during the first half of the current fiscal year, representing 19 per

cent of the business. Australia forms an important part of Mascot's roadmap and

the company aims to use its presence as a conduit to maintaining its leadership

in Asia and expanding its globally diversified revenue base.