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| Indchem Software Technologies Limited |
| An exciting new tie-up |
| Indchem Software Technologies Limited (ISTL), has
formed a partnership with Decision Consultants Inc. (DCI), a US based
Information Technology Services provider to Fortune 1000 companies
and government organisations. The partnership has created DCI’s
Offshore Performance Centre of Excellence (OPCOE) operated by Indchem
Software at Chennai, India. The partnership agreement provides for
exclusivity between DCI and Indchem Software, with DCI as Indchem’s
sole US partner and Indchem Software as DCI’s sole Indian partner. |
| Addressing a press conference after the launch of
OPCOE on February 15, 2002, N Kumar, Chairman, ISTL and Vice Chairman
of the Sanmar group said, “Indchem Software is tremendously excited
to have formed this strong international partnership with Decision
Consultants, Inc.” He added, “Our relationship gives each
partner new access into the other partner’s market, and we look
forward to working within DCI’s Optimized Delivery Model to deliver
high-quality, cost-effective services on time and within budget”. |
| Nozer Buchia, DCI’s Vice President and General
Manager for Application Management Services, said that the Optimized
Delivery Model provided clients with blended onsite, offsite and offshore
teams customised to meet each client’s project requirements. |
| Ed Longo, President
and COO of DCI, said, “We made the decision to add an offshore
component to our service offerings and chose Indchem Software
as our offshore partner after an exhaustive view of the market
and of potential partners”. |
| Founded in 1976,
DCI has succeeded as an IT services provider for some of the
world’s largest and most respected companies including
Abbott Laboratories, Bank of America, Canadian Pacific Railway,
DaimlerChrysler, Ford Motor Company, Nortel Networks and United
Airlines. |
| The partnership
will allow the two companies to leverage their skills and offer
innovative technology solutions and flexibility to clients while
maintaining competitive prices. |
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| Bernard J Alter, US Consul-General
and Ed Longo, President & COO, Decision Consultants, Inc., USA,
inaugurating the Offshore Performance Centre of Excellence (OPCOE)
at Chennai. |
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| CIBER acquires Decision Consultants |
| CIBER Inc. (NYSE: CBR) is a leading international,
e-business integrator, providing IT services for Internet strategy
and development, complete life cycle system integration (from customer
quotation through cash collection), with superior value-priced services
for both private and government sector clients. CIBER’s services
are offered on a project or strategic staffing basis, in both custom
and Enterprise Resource Planning (ERP) package environments, and across
all technology platforms, operating systems and infrastructures. Founded
in 1974, the company’s consultants now serve client businesses
from 45 CIBER, 10 DigiTerra, five Solution Partners and two Enspherics
offices in the U.S., Canada and Europe. With offices in six countries,
CIBER’s 5,000 IT specialists continuously build and upgrade our
clients’ systems to “competitive advantage status.”
DCI’s business model is most similar to CIBER’s core custom
branch offices’ business model, with roughly the same mix of
IT solutions and staffing business. The merger is projected to be
accretive this year (the last eight months of 2002) and in 2003 and
beyond. |
| Jack Krasula, DCI’s Founder and Chairman added,
“We have known CIBER seemingly forever. We have watched CIBER
grow and mature into a solutions company, the same changes DCI has
been making, particularly since we hired Ed Longo, Keane’s former
Senior Vice President of Operations, in 2000. With DCI’s major
client relationships and offshore delivery capability, we feel we
complement CIBER very well. CIBER will also benefit from DCI’s
program and project management expertise developed in the last couple
of years. And, the time has come to give our employees the opportunity
to be part of a public company as our industry begins to recover.
There will be more consolidation in our industry, fewer public players.
CIBER’s critical mass and great operating base make this combination
well-timed and strategic.” |
| In addition to Chennai, India, CIBER will have new
offices in Ft. Lauderdale and Jacksonville, Florida. |
| The combined operations of CIBER and DCI will represent
nearly $700 million in revenue, and almost 6,000 employees operating
in seven countries on three continents. The competitive advantages
of the combined company include critical mass, pricing leverage and
superior delivery capability against CIBER’s most frequent competition,
the consultancies of the Big 5. |
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| Bernard J Alter is seen here with (L to R) S
R Ramaswami, President & COO, ISTL, Nozer Buchia, Vice President,
Decision Consultants Inc., N Elangovan, General Manager and
N Kumar, Chairman, ISTL, Ed Longo and N Sankar. |
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| ISTL’s head office at Chennai wears a festive
look. |
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