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Follow UsRahul Gupta
MUMBAI: Anglo-Dutch software services company LogicaCMG is going to expand its product development operations in India.
LogicaCMG Customer Development Manager Frank Lodewick said, "Though we are a late entrant in the Indian market but we are set to capture the India market especially the growing telecom and financial services sector."
To make its operations effective, the company is going to increase its headcount from the existing 250 to 1,000 by July 2004. It also proposes to invest around Rs 50 crore over the next two years in its Bangalore development center. The initial product development activities in Bangalore would focus on the financial services sector.
The telecom sector is another hot area for Logica CMG. The company is doing some major projects with Bharti for development of MMS on GPRS platform and killer applications like ringtones. The company expects availability of more than 100 models of MMS enabled handsets in India this year, which would make drive these applications. The other clients with which the company is working currently are BSNL for SMS and UMS and Hutch for SMS and Tata Indicom for UMS.
The company would focus more on differential billing, ringtones and UMS. It is also looking at an increase in data ARPU and expects high growth of MMS. In India, voice ARPU is flattening out so the company expects 42 percent ARPU from data like SMS and browsing. The company is also going to tie-up with some of the consumer brands like McDonalds, Coke, Levis and Nike to advertise using GPRS applications.
Logica CMG is all set to transform itself as a mobile system integrator through which it is expecting around 50 percent of its revenues. The business areas for the company would be pre-paid and post-paid integration in billing, data rating, CRM, OSS and as WAP gateway traffic is doubling, it expects a major chunk of revenue from it.
In the financial sector, the company has clients like RBI for Real Time Gross Settlement (RTGS) and IndusInd Bank for retail banking. Currently, 30 percent of its India revenues comes from telecom and rest from finance.