Agile launches India operations

NEW DELHI, INDIA: Agile Financial Technologies has launched its operations in India with its first offices in Mumbai.

he new operations in India will not only provide resources for domestic on-shoring services for Indian Banking, Financial Services and Insurance (BFSI) institutions but will also provide Agile FT with a hub, logistically and in terms of economic fundamentals, to enable the company to manage the needs of the BFSI industry in regions that include emerging countries in Europe, Central and South-East Asia, Middle-East and Africa.

Agile FT has already acquired and merged the insurance software business division of India-based Access Information Systems. This has enabled Agile FT to position its core insurance software products in the domestic sector, where the company sees significant growth opportunities.

B Rangarajan, Founder, Access Information Systems and Executive Director, Agile FT, said, “The synergy between Agile FT’s proven go-to-market process, global reach, holistic outsourcing delivery approach and Access’s established products and domain skills allows the clients to leverage our insurance software platform as a service. We have been servicing the insurance sector for the past 20 years and it is this experience and understanding of the insurance sector that has enabled us demonstrate a marked difference in the build of our software products, delivery and support models. We have made successful strides already by acquiring and servicing clients in Africa and the Middle East over the past few months. We will work closely with alliance partners in India that we are identifying at present, to replicate our success.”

Over the course of 2009, Agile FT plans to expand its operations further into India and South-Asia through channel partnerships in strategic markets.