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| Infor eyes $70 mn from Hyd CoE |
| BS Reporter / Chennai/ Hyderabad Jan 20, 2012, 00:06 IST |
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Infor Global Solutions, an Atlanta-based provider of business software and services, expects its centre of excellence (CoE) in Hyderabad to contribute $70 million (Rs 357 crore) to its global service revenues of $500 million for the financial year ending May 2012, according to Ranga Pothula, vice-president and centre head (CoE).
“We did about $35 million last year. We are very much on track of achieving this year’s target and our plan is to take the contribution to 20 per cent in the next financial year,” he told mediapersons here on Thursday.
Opened in April 2010, Infor’s Hyderabad centre houses 1,050 of its 8,000-odd global workforce. The centre, which drives research and development for 10 core products, offers 30-odd products and services to customers like Boeing, Ferrari, ABRL and L&T.
“To keep up with the clients’ demand, we are planning to add over 300 resources at the global delivery centre in Hyderabad by May this year, of which 20 per cent will be green beans (fresh graduates),” Pothula said.
The over 1.8-billion, privately-held company currently has over 70,000 customers, including 500 in India. While the Americas contribute 53 per cent to its revenues, EMEA (Europe, Middle East and Africa) and Asia-Pacific account for 37 per cent and 10 per cent respectively.
According to Souma Das, vice-president (sales) and managing director (India), the company is planning to introduce its new solutions targeted at 12 verticals like industrial equipment, infrastructure and construction, retail, logistics, pharma, automotive, government, hitech electronics and CPG (consumer packaged goods) in India, with flexible deployment options to customers to run their businesses on the cloud, on-premise or both, during 2012.
Since inception in 2002, Infor acquired over 40 companies, including US-based LawSon Software Americas Inc in a $2-billion bid last year.
“We have done larger acquisitions in the last couple of years with focus on specific segments. We are always looking for targets that fit into our ecosystem. We are hugely synergistic in our approach and the appetite for acquisitions is very much there,” Das said while declining to comment further.
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