Zensar Technologies, a Pune-based software services and business process outsourcing organisation, launched its infrastructure management (IM) services with a target to achieve revenues of $50 million (around Rs 230 crore) by 2010-11.
The company is also eyeing for acquisitions in the IM space.
The IM offering will have new services called ZenRIMS (Zensar Remote Infrastructure Management Services) and ZenGDC (Zensar Green Data Centre).
It has already signed deals worth $10 million (around Rs 46 crore) for the current fiscal.
The company has signed significant deals with its existing clients and new customers in the US, Europe and South Africa.
Ganesh Natarajan, Deputy Chairman and MD, Zensar Technologies and Chairman Nasscom said, “Zensar’s IM practice has established itself as a significant player and is aimed at being a $50 million entity by 2010-11 with over 1,000 strong workforce, positioned as ‘the Business Availability Partner to Global Corporates’".
The Company is also looking for a $5-6 million acquisition in FY 2010 to lend scale and for market penetration in Europe or South Africa in this area.”
Krishna Ramaswami, VP and Head of the newly formed Strategic Services and Supply Units at Zensar said, "The worldwide Infrastructure Management Services (IMS) market today is $524 billion that manages an enterprise’s core IT systems, including hardware, software, connectivity and people. The Industry growth has been upbeat at a 60 per cent year on year in the IM space, and we expect this service along with consulting and testing to add significant value to our business transformation proposition in all markets."
Everest Research Institute predicts that remote infrastructure management will grow to $8.6 billion in the next three years with an annual CAGR of 61 per cent.
Gartner predicts that infrastructure management is the third wave of services to be offshored after IT services and business processes.
Moreover, the Indian IM (managed services and RIM) industry has grown more than 60 per cent (each year) in last two years.
