11/21/2005 - 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 practice and innovative Business Performance Measurement (BPM) solutions.
Business Performance Measurement (BPM) 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 utilizes sophisticated algorithms and reporting environments to provide measurements at micro and macro level using balanced scorecards, efficiency metrics, 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 new center we are taking a proactive apporach to address the needs of our clients" commented Sagar Anisingaraju, CEO of InfoSTEP Inc. Anasingaraju expects InfoSTEP Business Performance Measurement practice to grow to annual revenue of 20 Million USD within 3 years of operation and employee strength of 100 at the Center of Excellence" Starting from 1 Million USD in first year InfoSTEP plans to invest over 5 Million USD in next 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. AMR Research predicts a total Enterprise Performance Management (EPM) spending of $22.2B spread fairly evenly across each EPM segment, a key indicator of end - to - end performance of Enterprise 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 in real-time to take active and pro-active decisions to stay ahead in the market. Working with our clients and partners, the center will focus on innovating new ways to measure business performance and 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."
InfoSTEP 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.
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