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Calming the Information Storm-San Francisco , Nov 8th 11:30 AM-1 PM
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Hyderabad, India, November 18th, 2005:
InfoSTEP, a leading provider of Business Intelligence and Corporate
Governance solutions announced its worldwide expansion plans by
setting up an offshore facility at Hyderabad, India. The facility
in Hyderabad will focus on enabling industry practices and innovative
Business Performance Measurement (BPM) solutions.
Business Performance Measurement enables enterprises to measure
and optimize cross-functional business processes that incorporate
systems, processes and people. Primarily driven by Six Sigma DMAIC
(Define, Measure, Analyze, Improve, Control) methodology, business
performance measurement solutions utilize sophisticated algorithms
and reporting tools to provide measurements at micro and macro level
using balanced scorecards, efficiency metrics, and workflow and
focused data integration.
“The BPM Center of Excellence will provide a key growth element
for our global expansion plans. With the launch of this center we
are taking a proactive approach to address the needs of our clients”
commented Sagar Anisingaraju, CEO of InfoSTEP Inc. Mr. Anasingaraju
expects InfoSTEP Business Performance Measurement practice to register
annual revenue of 20 Million USD within 3 years.
“Looking at our customer needs and analyst predictions on BPM segment,
we envisage the center of excellence to be a perfect platform to
scale our service offerings by harnessing top line resource pool
available in India” commented Sanjeev Kumar, COO of InfoSTEP. “The
Center of Excellence is expected to hire 100 employees in next 3
years” stated Mr. Kumar.
AMR Research predicts a total Enterprise Performance Management
(EPM) spending of $22.2B spread fairly evenly across each EPM segment,
with BI garnering the most money of any category.
Explaining the center of excellence’s value, Samuel Poozhikala,
VP-BPM of InfoSTEP commented: "Today’s businesses need visibility
to key operating and strategic metrics to stay ahead in the market.
As enterprises move towards Six Sigma DMAIC process for improving
processes efficiencies, we want to be a trusted partner in delivering
metrics that address global business models and also unlock the
technology backbone to realize advanced visualization methods."
"Through our partnership with InfoSTEP, we extended the use
of our software for CIOs to monitor and measure their business performance
around IT governance" says Ken Coleman, Chairman and CEO of
ITM Software, a leading provider of business applications for CIOs.
“I am glad to know that InfoSTEP is opening a Center of Excellence
for Business Performance Measurement at their facility in Hyderabad.
Business Performance, being the leading indicator to manage today's
complex business models, requires niche players like InfoSTEP to
focus on and enable innovative solutions. I wish them all the best
with this new center and hope to actively partner and reap the benefits
in coming months.”
About InfoSTEP:
InfoSTEP (www.infostep.com) is a leading provider of BI and BPM services to marquee clients such as Cisco Systems, Sun Microsystems, Symantec, E*Trade, Business Objects and others. The company is privately held and is headquartered in Santa Clara, California.
For more details about the company, please contact:contact@infostep.com
