Sterling Commerce to invest USD 10 mn in India
Bangalore, Jun 13: Sterling Commerce, a subsidiary of AT and T, a global leader in multi-enterprise collaboration solutions, will invest over ten million US Dollars for expanding its operations in India, company President and Chief Executive Officer Samuel Starr informed today.
Speaking to newspersons here, he said the investment in India operations was a critical part of the company's long-term global strategy, which was in the throes of rapid and profitable growth both through existing mainstream businesses and well-executed acquisitions.
Mr Starr said Sterling Commerce's employee strength in Indian operations had grown from 82 professionals just over an year ago to almost 500 by the end of 2006. The Bangalore facility, inaugurated yesterday, was the company's second largest, after the one in US, and provided employees world-class best practices work environment.
He said Sterling had made a series of acquisitions in recent times, including TR2, Yantra Corporation and Nistevo, as it developed a comprehensive suite of best-in-class applications. The company provided its customers with an integrated end-to-end solution that improved visibility and control over their entire supply chain. Sterling Commerce's global customers from diverse industry verticals include Citibank, ABN Amro, Wal-Mart, Sears, Toyota, Ford, UPS and DHL.
Company Managing Director (India operations) Buck Devashish, who was also present on the occaison, said the Sterling India team was committed to the tenets of excellence and innovation, with an emphasis on continuous learning. Business leaders across the world have realised the importance of looking outward for growth after focusing on internal enterprise integration and cost-cutting ethos.
They were seeing great potential outside the organisation for expanding through effective collaboration with trading partners, suppliers and customers and the multi-enterprise collaboration was the new core of business vitality now.
He said his company would play a major role in orchestrating processes for customers in the retail, consumer packaged goods, manufacturing, financial services, healthcare and telecom sectors.