CorporateAditi sharpens focus on services; to double headcount
Aditi Technologies, an outsourced product and application development firm, is increasing its focus on intellectual property (IP)-led domain services for which it plans to double its headcount to over 2,000 people over the next 18 months. The company hopes this move will help it cross the $120 million mark in revenues during the same period.
- Karnataka second in average internet speed: Akamai - Dhanalakshmi Bank raises Rs 150 crore - Huawei Tech announces SEI CMMi Ver 1.2 Level 5 certification - Aditi Technologies may shift focus to services - Huawei India bags $400 mn Unitech order - KPIT Cummins buys Sparta for Rs 180 cr
Pankaj Jindal, president, Aditi Technologies, says: “The next leap for us is to bring to bear more IP-led solutions for our customers. By their reusable nature, IP-specific solutions can be remodelled for multiple scenarios and is a attractive area of growth in the financial services space. We are also targeting large-scale independent service vendors (ISVs) with our IP-led business model."
The Bangalore-headquartered company added over 10 new customers in the quarter ended September 30, but is not keen on taking the inorganic growth path for now. It provides a range of services that includes e-business solutions, enterprise applications and product engineering. The company is a certified development and services partner of Microsoft, and added close to 40 customers in financial year 2009, according to Jindal.
Aditi currently has about 100 active clients and employs over 1,000 people globally. In the last 15 years, Aditi has helped ship over 400 products in diverse domains and technology platforms. “As we deepen our engagement with Microsoft, we are receiving feelers from customers to set up more dedicated GDCs (Global Delivery Centers) in India,” says Jindal.
Aditi has also been focussing on developing BI (Business Intelligence)-oriented frameworks and collaboration portal management for its clients in the financial services space in a bid to wean itself off plain vanilla systems integration and maintenance services.
Aditi posted revenues of $78 million in 2008-09, growing 25 per cent over the previous year. Its customers in the financial services space include UBS, Citibank and Bank of America.