The Hindu : Business : Valtech opens global centre

Online edition of India's National Newspaper
Saturday, May 14, 2005

Business

Business

Valtech opens global centre

Staff Reporter

To invest 2 m euros on sales and marketing

BANGALORE: Valtech India on Wednesday announced the inauguration of a world class $2.5 million global development centre here accommodating 450 software professionals.

According to Jean Yves Hardy, CEO and Chairman, the new centre will provide the needs of the IT and office infrastructure required for the agile offshore market in the U.S. and Europe.

The centre aims at delivering at least 50 per cent of the global workload. Valtech will achieve the critical mass in India with a delivery staff of over 1,000 engineers in 2006. They have plans to increase the operating profitability to a long term range of 15 per cent. And as for their long term plans, they will become a predominant player of the second generation offshore vendors in Europe. He said the India delivery centre would scale up to 600 employees and two million euros would be invested on sales and marketing on global sourcing.

Valtech India, the $100 million global constituting group, has offices in eight countries, including the U.S. and Europe and delivers quality services through its global delivery models. Its presence is dominant in travel and hospitality, retail, banking , healthcare and smartcard domains.

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