The Overall Budget Looks Positive Toward the Tech Industries

Post Budget Expectations From Mr. Eddie Chandhok, President – Global Delivery, Infogain

“The overall budget looks positive toward the tech industries. This budget surely focuses on the digitalization for rural India and skill base development with 1500 multi-skills training unit. Government initiatives like National Digital Literacy Mission for Rural Households and National skill development mission will help the quality of work process as people will be more aware of basic technologies and can be more efficient. They can both innovate and communicate a new idea, which is always a good sign for the future of the industry.”

The article appeared in Digital Terminal on March 03, 2016 (http://digitalterminal.in/news/post-budget-expectations-from-mr-eddie-chandhok-president-global-delivery-infogain/6085.html)

Digitization will define the future of IT: Infogain

Established in 1990, Infogain is a leading business and IT consulting firm focusing on delivering technology solutions in Retail, High Tech, Insurance and Healthcare verticals. With over 4000 professionals it serves approximately 300 clients, including more than 50 from the Fortune 500 globally. Speaking to Mr. Eddie Chandhok, President–Infogain we got the insights of Indian IT sector and Infogain’s vision to be a leader in the digital transformation space.

Team Estrade:You recently raised US $63M investment from ChrysCapital. How are you planning to use it?
Eddie Chandhok: ChrysCapital has invested US $63M into the company in August of last year. The sum is a significant amount and the investment will help us to propel activities for an array of initiatives. We will broaden our solution offerings, pursue strategic acquisitions, explore new geographies and accelerate the expansion of our employee base. In September 2015, we announced acquisition of Blue Star Infotech’s IT Operations, a global mid-size IT player with capabilities in emerging digital transformation offerings, particularly in the areas of Cloud, Mobility, SAP and Analytics.

Team Estrade: You recently acquired Blue Star Infotech. How do you place a valuation on an acquisition?
Eddie Chandhok: The fundamental parameters for the valuation were based on leveraging potential synergies with any prospective acquisition target. We believe Blue Star Infotech fit these criteria the best because of obvious synergies in our core business, while complementing us in terms of customer base and the industry verticals we serve. Also Blue Star Infotech’s strong geographical presence, capabilities in digital technologies coupled with experienced leadership were important elements. Blue Star Infotech’s strong financial performances across quarters were another important aspect to play a significant role in valuation.

“India will remain the world’s fastest growing information technology market in 2016”

Team Estrade: What is the market size & scope of investment in India’s IT sector?
Eddie Chandhok: According to research firm Gartner Inc., India will remain the world’s fastest growing information technology (IT) market in 2016. Enterprises are expected to spend more than $72 billion on IT services, products and hardware, up from 7.2% from the current year. India would be a key area of growth for the IT industry particularly with the adoption of digital technology by consumers, e-commerce and start-ups. The Government has also initiated multiple reforms to put the economy on a faster growth track and with initiatives like Digital India, Skill India and Startup India, further boosting growth prospects for the domestic IT market. The rise in adoption of Cloud and emerging technologies has resulted in increased demand across verticals. Businesses are getting ready to digitally transform to beat the competition and win customers.

Team Estrade: What challenges are faced by the Indian IT sector and how does Infogain’s provide solutions to cater to the IT sector?
Eddie Chandhok: The Indian tech sector is booming right now, particularly in the area of e-commerce. Infogain caters to leading Indian e-commerce providers and also provides a wide spectrum of services from Product Engineering, Test Automation to Cloud, Mobility, SAP, and Analytics. We have outstanding Oracle as well as Microsoft capabilities. Infogain has strong presence in Retail, High-tech, Healthcare, Insurance and Travel & Hospitality sector.

Team Estrade: What is the demand pattern in terms of geography, where is the need of IT services ?
Eddie Chandhok: The US continues to be a key market for IT outsourcing, particularly North America driving the software market growth. We are also focusing on other key markets, such as Singapore, The Middle East, and the UK.

“Organisations today are seeking capable technology partners who can help them to understand and connect with their end-consumers”

Team Estrade: Is Infogain working on any new solutions that would bring about a revolution in the way Retail, Insurance, Healthcare verticals function?
Eddie Chandhok: Infogain services the Retail, High-tech, Healthcare, Travel & Hospitality verticals. In each of the verticals, we have unique solution offerings addressing the clients’ needs particularly in this digital era. Organisations today are seeking capable technology partners who can help them to understand and connect with their end-consumers. For example, our Travel & Hospitality business has a solution called “Mobile Vacation Planner,” which is a consumer-oriented travel planning app that enables travellers to access and explore rich travel content organized by geography. They can access things to see and do, read reviews, including ratings and recommendations written by other similar minded travellers to help them intelligently plan their next holiday or vacation.

“With the acquisition of Blue Star Infotech, we now have an employee base of 4000 people with 9 delivery centers globally”

Team Estrade:What are the two trends that will define the future of the industry?
Eddie Chandhok: Digitization and Automation are the two trends that will define the future of the industry. Today, digitization is no longer aspirational but a fundamental necessity. Digitization is already being leveraged to carve out multibillion dollar enterprises out of nowhere that are capable of giving established players a run for their money. Establishments are extending themselves into areas, which at one stage were non-core, with ease and agility. With the increase in product standardization and IT savviness, customers have access to comparing products and services and opting for the one that provides greater return-on-investment (ROI). If considered, planned and managed well, business process digitization programs can have a number of benefits for an organization.

Team Estrade: What are Infogain’s expansion plans and future roadmap?
Eddie Chandhok: With the acquisition of Blue Star Infotech, we now have an employee base of 4000 people with 9 delivery centers globally. We have presence in our strategic business locations the US, Europe, and the Middle East, Asia Pacific and India. We will continue to focus on our current services and verticals and continue to strengthen our offerings particularly in the digital space. Our vision is to be a leader in the digital transformation space. We will also continue to be a customer centric organization– offering more innovations in solutions and delivery.

For more information, visit www.infogain.com.

For more information, please contact:
Cathy Chandhok
Director of Marketing, Infogain
Cathy.Chandhok@infogain.com
PR Team
Rinu Jha / Veenit Tiwari
rinu@kommune.in/ veenit@kommune.in
+91 9999687155 / +91 9990650264

Infogain Announces US $63M Investment by ChrysCapital, New investment will drive accelerated growth at Infogain

18 Aug 2015

New Delhi, August 11, 2015

Infogain, a global business and IT consulting leader, today announced that ChrysCapital has invested US $63M into the company. This infusion of capital will enable Infogain to broaden its solution offerings, pursue strategic acquisitions, explore new geographies and accelerate the expansion of its employee base. ChrysCapital is a highly reputed private equity firm managing assets of US $2.5B. The firm has been amongst the most prolific investors in the IT services space with investments in companies such as HCL Technologies, LiquidHub, KPIT Technologies, Cyient, Mphasis and Spectramind.

“The partnership with ChrysCapital signifies a major milestone in Infogain’s business lifecycle,” said Kapil Nanda, CEO of Infogain. He continued, “ChrysCapital’s support will help our firm to grow organically and through strategic acquisitions. Additionally, we will leverage opportunities to further diversify into next generation service offerings such as the customer experience, cloud services and end-to-end retail solutions. Our plans for expansion into other service areas and geographies will further strengthen our position in the evolving IT services market. My senior management team and I have great confidence in Infogain’s future, and we continue to hold significant equity positions in Infogain. ”

Infogain has more than doubled its revenue in the last five years and remains one of the fastest growing IT services firms, with growth rates that are 50% higher than the industry average. It services 5 of the world’s largest 50 and 20 of the world’s largest 1,000 enterprises, and enjoys deep, long-standing relationships with each of its top customers.

“ChrysCapital is excited to partner with Infogain as it enters its next phase of growth,” said Sanjay Kukreja, Managing Director at ChrysCapital. “Infogain has demonstrated industry leading growth rates, while building significant differentiation in the software product engineering and new-age, digital service lines. The company, with its strong leadership, talented employees, and outstanding customer base, is an ideal platform to build further scale through a combination of organic growth and strategic acquisitions.”

Eddie Chandhok, President Global Delivery at Infogain said “We are excited about this new support for Infogain and look forward to providing our customers expanded offerings as we grow.” He added, “Infogain has significant strength in processes, systems, thought leadership, innovation, and its collaborative culture. We look forward to leveraging these strengths to drive continued organic growth, and our entire team is excited about collaborating for success with other groups that Infogain engages with through corporate acquisitions.”

About Infogain

Headquartered in the Silicon Valley, California, Infogain provides front-end, customer-facing technologies, processes and applications that lead to a more efficient and streamlined customer experience for enterprises in the USA, Europe, the Middle East, Asia Pacific and India.

Offering solutions for the high-tech, retail and insurance verticals, Infogain specializes in areas such as software product engineering, service automation and mobility.

With close to 2,000 employees, Infogain’s business consulting and technology solutions deliver value and competitive advantage. The Company’s customer retention rate of 90%+ over a five year period is a testament to the ability of the team to identify clients’ specific needs and provide best-in-class solutions across a broad spectrum of service areas. For more information about Infogain, please visit www.infogain.com.

About ChrysCapital

ChrysCapital is a private equity firm that was started in 1999 and currently manages US $2.5B across six funds. The firm has deployed over US $2B across 70+ investments and has had 50+ successful exits. The firm’s investors include global endowments, sovereign funds, family offices, foundations and fund of funds. To learn more about ChrysCapital, please visit www.chryscapital.com.

For more information,

contact:

Cathy Chandhok
VP – Marketing
Cathy.Chandhok@infogain.com
(408) 355-6028
Rinu Jha/ Mitali Prakash
rinu@kommune.in / mitali@kommune.in
+91 9999687155 / +91 9871983483

Infogain Achieves ISO 27001:2013 Certification

1212 Feb 2015

Los Gatos, CA, February

12, 2015-  Infogain, a leading business and IT consulting firm, is pleased to announce it has obtained (ISO) 27001:2013 certification for both its development centers at Noida. A third-party, independent auditor has examined Infogain’s security controls and processes, verifying that Infogain is operating in conjunction with comprehensive ISO 27001:2013 certification standards.

By achieving this certification, Infogain has reinforced its commitment to internationally recognized security management standards for its customers and stakeholders. The ISO 27001 certification demonstrates that organizations have established a framework to their business operations that helps identify, manage, and reduce risks related to information security.

ISO 27001 Certification standard requires Infogain to:

  • Design and implement information security controls and other forms of risk management to address company and architecture security risks
  • Monitor and review information security risks, taking into consideration the potential impact of threats and vulnerabilities
  • Maintain andimprove the risk management process on a continual basis in order to ensure that the information security controls meet Infogain’s information security goals Infogain must maintain and manage a rigorous security program that defines management responsibilities and requires internal audits and reviews for recertification. The Information Security Management System (ISMS) required under this standard specifies how Infogain will manage security across the entire spectrum of the company’s internal processes.

Commenting on this accreditation Eddie Chandhok, President of Global Delivery Organization and Infogain’s Chief Information Security Officer (CISO) said, “Infogain is honored to receive the ISO 27001:2013 certification recognizing that our company follows international best practices for security. This certification reinforces our commitment to our clients and partners that Infogain has achieved the highest standards for security and privacy of their intellectual data.” He continued, “Operationally, the improved security measures for both the Noida development centers demonstrate that security is a top priority for Infogain.”

Infogain was awarded the certification upon the completion of numerous detailed and extensive audits, performed by TUV NORD, an industry leader in Information Security Management (ISMS) and fully accredited by The International Organization for Standardization. Certification ensures that the best practices of Infogain’s organization will be documented, reinforced and improved continuously with time.

About Infogain (www.infogain.com)

Infogain is a leading business and IT consulting firm specializing in business process, architecture design, end-to-end project implementation, and managed services.

With more than 1,600 employees, Infogain has built its industry-specific business consulting and technology solutions to deliver value and competitive advantage to leaders in the Retail, High Tech and Insurance industries. A leader in Oracle (ORCL) applications implementation services, Infogain is headquartered in Silicon Valley, CA and has additional offices in Irvine, Austin, Atlanta, United Kingdom, India, and the Middle East. For more information, visit www.infogain.com.

About ISO
ISO (International Organization for Standardization) is the world’s largest developer and publisher of International Standards. ISO is a network of national standards bodies of 166 countries, with a Central Secretariat in Geneva, Switzerland. For more information, visit their website at http://www.iso.org/iso/home.htm