an Interactive Integrator and a software solutions and services
company formed by the merger of MphasiS Corporation and Bangalore-based
BFL Software Ltd last year, aims to become a $ 1 billion company
within the next five years and has charted out some aggressive strategies
to meet its ambitious goals.
looking at different growth strategies and have outlined a couple
of business plans which will help us to become a $ 1 billion company
within the next five years. In fact we have started looking at markets
other than the United States and Europe and are consolidating ourselves
to become a truly global company," Jeroen Tas, president, MphasiS,
told ITspace.com in an exclusive interview.
is looking at setting up development centres in Mexico and Shanghai
as it believes that the market is huge in these two regions and
that much of local expertise ( read language) is needed to become
a dominant player in the region.
we have about 11 development centres in four countries, I think
that there is a huge Chinese and Spanish speaking market which we
need to address. So there is a definite plan for us to set up development
centres in these two places and target the banking sector which
is growing tremendously in these two regions," Tas said.
is also strengthening its position in the Japanese market by setting
up an office and will come up with a subsidiary later on. It is
also looking to set up similar offices in the Middle East, South
America and also expand operations in the European market.
our entry into the European market by means of a development centre
in the Netherlands we are looking at expanding ourselves to the
United Kingdom and then eventually Germany. Right now we are looking
at organic growth for our expansion and then will look at strategic
alliances and acquisitions as and when it is needed," he added.
as "heavy duty integrators", MphasiS enables its clients to transform
their existing operational systems to truly interactive business
systems. These solutions are custom tailored for the financial,
logistics and technology verticals.
key value differentiators are globality, Architecture Practice,
domain expertise, certified quality processes, strong development
bandwidth and result-focused engagement models. Our superiority
in CRM, transactions processing, logistics and supply chain management
makes that crucial difference to clients' businesses," Tas explained.
solutions space MphasiS provides - Functional and Technology architecture;
Delivery of third generation e-Solutions; Transformation of Legacy
Applications. In the services space it offers collaborative sourcing,
MphasiS BPO, MtesT, Web Design and Technology.
Only last month, the company raised Rs 45 crore
through private placement with Chrysalis Capital taking a 7% stake
in the company. "We will be using the funds not only to strengthen
our cash and working capital position but also for capital expenditure
in MphasiS BPO - our subsidiary that is focused on Help Desks and
Call Centres," Tas said.
is looking to achieve a turnover of $85 million this fiscal, which
it revised from $110 million earlier as a result of the current