Opus Software Solutions has ambitious future plans owing to success of its subsidiary Electra card Services (ECS) last year.The company is positive about 3-4 deals in the country and one in Taiwan. | |
| "We are also looking at 3-4 multi-year contracts worth $10-15 million each a year in the US," said Ramesh Mengawade, managing director. |
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| The company will thus have a client base of at least 15-20 customers in next five years which will push its revenues to $100 million. |
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| Recently, the firm bagged multi-year contracts from leading banking and credit card players such as Deutsche bank, Thomas Cook, Bank of Rajasthan and two clients in the US. |
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| Mengawade said, "We have won a multi-year, multi-country contract with Deutsche Bank for end-to-end outsourcing of credit cards processing. The contract over five years will see us get revenues of $10-12 million a year, thus totalling $50-60 million over five years." |
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| He added, "The Indian launch will be followed by a launch in China and Sri Lanka in the next 3-4 months." |
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| "This essentially means we are moving up the value chain from providing software solutions to providing software and services with the launch of ECS," said Mengawade. |
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| According to Mengawade this is a $10-12 billion industry growing at 10-12 per cent per annum and the US is its main market. |
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| "As for us, we just launched ECS to service this market and from negligible revenues this financial year we expect ECS to reach $100 million in five years." |
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| ECS will provide all services from statements, application processes, authorising, billing besides marketing and collections. |
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