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Infy to float new BPM company

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CIOL Bureau
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BANGALORE: Software services major Infosys Technologies has announced its

plan to float a new entity for Business Process Management(BPM) with an initial

investment of $ 5 million. The christening will be announced shortly along with

other plans for the firm, said the company’s member of the board and head

sales and marketing, Phaneesh Murthy. The announcement was made during Infosys’

announcement of its annual results.

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Business Process Management is part of the new initiatives the company plans

to embark on during the current fiscal. IT outsourcing and system integration

are the other areas where the company plans to exploit existing opportunities in

the market.

Infosys’ newly appointed managing director, Nandan M Nilekani said,

"Initial focus on BPM services would be in areas of transaction processing

and accounting services. It will be offered in multiple forms such as business

process re-engineering, shared services platform and business intelligence

services. Financial services will be one of the key target verticals. Frameworks

developed for the BPM offering is based on Infosys Influx methodology."

On the IT outsourcing front the company has acquired two clients already.

One, from a leading financial services company to provide 24x7 support to its

mission critical applications and two, a networking equipment manufacturer.

Infosys has also started marketing the services of its system integration

capabilities. It’s a logical extension of Infosys services, integrating

best-of-breed software solutions and packages, affirmed Nilekani.

Phaneesh added, "Today companies all over the world have an imperative

to enhance the effectiveness of their business processes by leveraging new

technology, process redesign and cost reduction paradigms. The Infosys promoted

BPM company is expected to be a leader in helping its clients in this

imperative. It will also work in close partnership with Infosys to provide total

solutions to its clients."

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