Marlabs Inc unveils India-centric global growth strategy

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Released on: 18, December 2006
, Author: Marlabs
, Audience: Computers related

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Bangalore, December 19, 2006: Marlabs Inc., a fast growing provider of technologyservices and solutions to select verticals is betting on India to fuel its growthglobally leading to exponential expansion of its India footprint. The companyannounced at a press conference today that its investments in India will exceedRs.100 crores and will go primarily into the setting up of two new, state-of-the-artcampuses in Bangalore and Mysore besides a Global Training and Development Center inMysore. The India headcount will rise as well from the current 400 to over 2000 inthe next three years. The company has since acquired land and necessary approvalsand construction is scheduled to start soon. The investments in India will be fundedthrough internal accruals.

Marlabs India is expanding on other fronts as well. The company is setting upseparate practices for Oracle Applications and Business Intelligence. The company'sBOT-based ODC for Epsilon Interactive is growing as well. The Indian operations willalso shoulder increasing responsibility for MCOCentral, Marlabs's flagship productfor the healthcare vertical. The Professional Services arm of Marlabs Inc. will alsobe growing on two counts - expansion of its domestic customer base and in its shareof the global revenues of Marlabs Inc.

Elaborating on the rationale behind the India expansion, Sunil Nambiar, Head GlobalDelivery, Marlabs India, said, " There is a key difference in the way Marlabs hasevolved in that its early focus was only on being closer to the customer in the USand delivering to them from US itself. This strategy has paid rich dividends in theform of deepening relationships with growing number of large customers who are nowextending their mandate for Marlabs. We believe that the right mix of onsite andoffshoring is the one needed for us to execute these mandate well and make ourgrowth plans a reality. Also, as we are only doing product development, applicationdevelopment and support in India, which implies significant domain knowledge and IPwould be built in India as well."

In his comments, Vignesh Hebbar, Associate Vice-president, Professional Services,Marlabs India, said, "We expect the Professional services market in India to growrapidly and mature in the next few years and being a forerunner in this space, wewill look to ride that growth. It is this projected growth and the continuing needsto train our lateral hires that has led to the Global Training Center at Mysore. Theincreased footprint in India, growth in India's role and contribution to globaloperations, the increasing customer base for professional services and the globaltraining center in India mark an inflection point in Marlabs presence in India."

Marlabs has since acquired land in Mysore and Bangalore for its campuses. Thecompany is set to have its third facility in Bangalore for Global development overand above the existing two to accommodate the headcount growth till the new campusis ready. Besides these three facilities the company also has a separate facilityfor Professional Services in Bangalore. All the four will be integrated into the newBangalore campus which will be ready by late 2008. In Mysore, the company has leaseda 14000 sft. premises which will be inaugurated later this week. This is only aninterim facility and will be integrated along with the global training anddevelopment center into the new campus in Mysore. Both campuses together will havethe capacity to house 3000 professionals.

Marlabs India is a wholly owned subsidiary of Marlabs Inc. and has been operationalsince 2003. The company currently has three facilities in Bangalore in Indiaemploying over 400 professionals. Marlabs Inc., USA is a US$75 million fast-growingprovider of a full suite of solutions and services for the healthcare, insurance,real estate, media and entertainment verticals. It partners leading technology firmssuch as Microsoft, IBM, Oracle and Sybase to ensure cutting edge technologysolutions for its clients. The company has development centers in Philadelphia andAustin, TX besides Bangalore. With a clientele that includes Fortune 500 and 1000companies, most of who consider Marlabs their partner of choice, Marlabs' growth hasbeen consistent. Marlabs has been named Inc. 500 company, 5 years in a row, has beennamed by Deloitte & Touche as among the fastest- growing technology companies in theUSA and ranks among New Jersey's Fast and Finest 50 companies. For further detailsplease visit www.marlabs.com._____________ ______________________________ ______________________________ _________________Â Â Â Â Â Â Â _________


Source: Express-Press-Release.com
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