Amtex Systems to become an integrated player in the technology and technology-enabled outsourcing space

Released on = February 1, 2007, 9:17 pm

Press Release Author = Amtex Systems Pvt Ltd

Industry = Software

Press Release Summary = Amtex Systems, a global IT consulting and services company
and among New York's top four privately held companies is betting on a new
integrated business offering strategy to fuel its growth. The company is expanding
its operations in India and is foraying into the BPO sector.

Press Release Body =
Chennai, February 02, 2007: Amtex Systems Inc., a global IT consulting and services
company and among New York's top four privately held companies, is betting on a new
integrated business offering strategy to fuel its growth in the future. As part of
this new strategy, the company is foraying into the BPO space and has since set up a
300- seater facility in Chennai. Fresh investment of Rs.22 crores has been earmarked
for the BPO foray, part of which has already been made. The BPO arm will be a
division of Amtex Infotech Pvt. Ltd., the flagship arm of Amtex Systems Inc., in
India for all its IT related forays. This investment is over and above the Rs.100
crores announced by Amtex last year for expansion of its development presence here
and the IT infrastructure project in Siruseri.

The BPO foray fits well into an integrated business offering blueprint that Amtex
has been working on for a while. The company took the first step in this direction
when it forayed into the IT Infrastructure space with a differentiated offering of
India's first plug-n-develop center. With consulting at the front and IT
infrastructure at the back, BPO was the only missing piece in the chain which would
now be filled allowing Amtex to address an entire chain of a customer's
requirements.

Making the announcement in an interaction with media persons here during his brief
visit to India, Sunny Pokala, President & CEO, Amtex Systems Inc., said," Amtex
shares a slightly different and more advisorial relationship with many of its
marquee clients in the BFSI and healthcare verticals. This meant they look to us for
advice and solutions and it is good from a business/revenue perspective to be able
to fulfill all their needs ourselves. In that sense the new BPO arm complements and
adds to our existing capabilities while opening a significant new revenue stream for
us. If you have noticed, this typically has been our strategy all along which
explains last year's foray into IT infrastructure as well. We believe this kind of
hybrid offering model allows better economies of scale, more revenues per customer
and a better branding from the value perspective with the customers. "

Amtex Systems' BPO division began operations end December and already provides
support to 10 global customers (some of them Fortune 500 companies) across the
healthcare, market research, telecom and technical support domains. The mandate is
as varied as healthcare revenue management for its onsite healthcare clients, being
the exclusive partner to conduct a market survey for a US company from India to
handling both inbound and outbound voice-based work for a telecom company. Amtex has
at present hired 250 people for the BPO arm and expects this to ramp upto 1000 by
2008. The fledgling BPO arm already handles an estimated 2 million transactions
every month which is expected to grow tremendously in the coming months. Amtex
expects the BPO division to contribute US$15 million in revenues this year.

"Once the IT Park in Siruseri is operational, we expect a major boost to our overall
revenues as by then, the BPO arm would have gained traction adding to the revenues.
This along with steady growth in our mainstream global offshore delivery and onsite
consulting business will ensure Amtex shifts into new gear from a growth point of
view in the next year or two," Sunny further added.

US$60 million Amtex Systems Inc. is a global IT consulting & services company and
among New York's top four privately held companies in this segment. Founded in 1997
by Indian technocrat entrepreneur, Sunny Pokala, Amtex Systems has special domain
expertise in the BFSI, telecom & healthcare verticals. With presence in 12 countries
across the US, UK and India, Amtex's clientele include marquee names such as Goldman
Sachs, NYSE, Merrill Lynch, JP Morgan & Pfizer among others. Amtex Infotech Pvt.
Ltd. is the wholly owned subsidiary of Amtex Systems and is the flagship arm for all
of its IT-related investments and forays in India. The Indian arm has been growing
in size and its contribution and is expected to be the major revenue driver for the
company globally, in the next few years.



Web Site = http://www.amtexsystems.com

Contact Details = For editorial information, contact: Rajesh Kumar/Sumathi Chari,
PRHUB @ 42317333/9940042422. E-mail: rajesh@prhub.com/sumathi@prhub.com

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