CSS Group forays into Australia
Cybernet Software Systems, which has offshore facilities in Chennai, will foray into the Australian market with a 100% subsidiary.Updated: Mar 08, 2006 15:19 IST
IT services group Cybernet Software Systems, which has offshore facilities in Chennai, will foray into the Australian market with a 100 per cent subsidiary.
The San Jose headquartered CSS has already opened up a full-fledged office in Melbourne for its subsidiary CSS Australia Private Ltd, the company said on Wednesday.
The announcement came as a large Australian trade and business team is accompanying Prime Minister John Howard on a visit to Tamil Nadu.
CSS Australia will target the BFSI, manufacturing, telecom and retail verticals and is looking at acquiring six clients in the first year of its operations in Australia.
"Australia is a mature IT market, and our plan is to aggressively target several high potential segments. There is a big market opportunity for software testing and support services in Australia," Shiva Ramani, co-founder of CSS Group, said.
The Chennai-based CSS offshore facility will provide manpower, expertise to the Australian venture, the CSS chief said.
"The competency for our Australian expansion comes from our Chennai offshore competency - we have large infra-management customers who work with us in Chennai and we are taking that competency to the Australian market", Ramani said.
CSS has recently received a large $22.5 million private equity investment from Softbank Asia Infrastructure Fund Partners, and this will provide the money for the CSS expansion plans.
The CSS Group provides strategic IT Services to technology providers and enterprises that include product design and engineering, development, testing and technical support to information technology companies.
Currently, CSS has presence in the US, Britain, Singapore and India. The group employs over 3,000 professionals in out of its offshore facilities in India and has plans to double its headcount in the next 18 months.
The CSS offshore infrastructure presence in India spreads across nine delivery centres for over 125 global customers, many of whom are Fortune 500 enterprises.
First Published: Mar 08, 2006 15:19 IST