Infy to float new BPM company

By : |April 9, 2002 0

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.

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 24×7 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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