neoIT to extend SVCA leadership position in US, India

BANGALORE: neoIT, one of the leading global provider of Services Value Chain

Automation (SVCA) technology and services, has announced its aim to extend its

leadership position in the SVCA industry. In the last fiscal, the company was

responsible for $90 million worth of projects being awarded to its registered

suppliers and helped global buyers achieve savings of over $28 million.

neoIT managing director, Avinash Vashistha said, "We in association with

the global sourcing advisory partner, TPI, are planning to capitalize on the

increased interest in the BPO market and the current state of the global economy

to deliver projects to a global network of qualified and assured

providers."

Says Avinash, " Our revenues comes mainly from these four sources of

licensing and related, global services exchange transaction fees,

consulting/advisory services and others such as neoQA- a quality assurance

certification program and through seminars. For the last fiscal, 40 per cent of

our revenue is through global services exchange transaction fees and 40 per cent

though consultation/advisory services and the rest are from licensing related

and through neoQA and seminars.".

He reveled that their transaction fee varies from three per cent to 10 per

cent depending on the value of deal and so far a minimum project deal is worth

around $25 million.

He said, "For this fiscal we are hoping to close projects worth over $

250 million of which 50 per cent would be from Indian providers. Also we expect

our revenues to come mainly from licensing related to SVCA technology of about

40 per cent, 30 per cent from global service exchange transaction fees and 25

per cent from consulting/advisory services and others such as neoQA and seminars

to fetch us around 5 per cent".