InfoBuild India floated to tap the growing Indian business intelligence space
A venture of Amtex Systems in collaboration with Information Builders; WebFOCUS - world's most widely used BI platform launched in India
Tweet-- Amtex Systems, a fast growing, global IT consulting and services company, today announced the launch of InfoBuild India, a new venture floated by the company in collaboration with Information Builders Inc., US. The US$300 million privately held Information Builders is one of the leading global providers of business intelligence solutions. The new venture will be based in Chennai and will target the fast growing market for business intelligence solutions, services and technical support in India. InfoBuild India will bring Information Builders’ award winning combination of business intelligence solutions and enterprise integration software to India. On the occasion, WebFOCUS, the world’s most widely used business intelligence platform was formally launched in the Indian market. WebFOCUS is designed to help enterprises make better and informed decisions, ensuring higher productivity during the current challenging market conditions. Dr. C. Chandramouli, Hon’ble IT Secretary, Govt. of Tamilnadu formally unveiled the venture at a press conference in the city today in the presence of Sunny Pokala, President, Amtex Systems and Zine Boukili, Director, Product Development, Information Builders Inc.
Amtex Systems has committed an initial investment of INR 20 crores to the new venture and has already hired over 150 professionals in the first phase to provide marketing, sales and maintenance support for WebFOCUS as well as iWay software adaptors and integration solutions. An important mandate before the new venture is to support Information Builders global clients who are in India already such as Fidelity, Target and Verizon to name a few. The new venture is projected to earn INR 100 crores in revenues in its first two years of operations.
According to Sunny Pokala, Chairman, InfoBuild India and President, Amtex Systems, said, “The new venture marks the next phase of evolution of Amtex Systems and builds on the expertise we have built in
business intelligence over these years. It also diversifies the revenue stream of Amtex and will mark our first attempt to look at India as a market for our services and solutions. While many have been speaking about the potential of the Indian market, am happy that we are going one step ahead and investing in what we feel is a market replete with tremendous potential.”
Commenting on the company’s formal entry into the Indian market, Zine Boukili, Director, Product Development, Information Builders Inc said, “Information Builders has a strong history of partnership with Amtex Systems and the company has supported our clients in India in the past in the areas of offshore development, quality assurance, testing and product support. This alliance extends and takes that into the next level and we are happy to be entering India with Amtex as our partner. Given that Indian businesses are keen to grow their companies to compete in the global market place, it is definitely among the most important and fast growing BI markets in the world today. We look forward to working together to strengthen and build on this.”
Notes to Editor
About Information Builders Inc.Information Builders is a global leader in production Business Intelligence solutions. Information Builders’ award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers, for more than 30 years. Information Builders’ customers include most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,600 people and has more than 350 business partners, with turnover of over 300 mn USD in revenue.
About Amtex Systems
Amtex Systems is a global IT Consulting and services provider, founded in 1997 by Indian technocrat entrepreneur Sunny Pokala. Headquartered at New York in The United States, Amtex Systems is ranked among the top four privately held companies in the segment, in New York region. With distinct strengths in IT consulting across verticals such as pharma, healthcare, retail and BFSI domains, Amtex Systems consults & services some of the world’s leading companies including Fortune 500 companies such as Pfizer, Intel, IBM and Johnson & Johnson. The company employs more than 1500 professionals globally and has twelve offices operating across six countries, earning over INR 400 crores
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