Financial Daily from THE HINDU group of publications
Friday, Sep 24, 2004
NEC Solutions gets aggressive on BPO space
(From left) Mr Amarlal Nichani, Director of Indian Operations, Niteo Technologies Pvt Ltd; Mr Yuji Ichimura, Vice-President, Corporate Planning and Marketing, NEC Solutions, America; and Mr Suresh Nichani, COO, Niteo Partners; at a press conference in Chennai on Thursday. - - Bijoy Ghosh
Chennai , Sept. 23
THE NEC group of the US is scouting for acquisition opportunities in India in the BPO space.
The group is no stranger to India. One of its bigger companies, NEC Solutions (America) Inc, has been buying software development services from Indian majors such as Infosys and Wipro in the last eight years.
Last year, its India bills amounted to $80 million, 130 per cent higher than in the previous year.
NEC Solutions provides its customers a range of services, including business intelligence, biometry security solutions, content management, besides managing marketing and financial data. The company "taps into global resource network", which includes partner firms in India, to provide these services.
Now that business is growing, NEC intends to adopt a three-pronged approach in using Indian resources, the company's Vice President-Corporate Planning & Marketing, Mr Yuji Ichimura, said at a press conference here today.
First, it intends to access more services from Indian software vendors. Mr Ichimura said that he expected NEC's India bills to grow like it did last year, by over 100 per cent.
Second, it has set up a new company, Niteo Technologies (P) Ltd in Chennai, "to integrate offshore software delivery and BPO capabilities into its solutions business in the US."
Niteo Technologies takes off from the Chennai-based Indian operations of a smallish company called Exinom Technologies, which it acquired last year. Merged into one of the companies of the NEC group since, Exinom was set up in the US by a group of Indian entrepreneurs.
Third, NEC wants to grow in India through acquisitions. Mr Ichimura said that talks were on with a couple of Indian companies towards this.
He, however, did not disclose the company's investment in Niteo Technologies or revenue projections.
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