Hexaware Tech to focus on EAI domain
By Venkatachari Jagannathan | 02 Mar 2002
Even
now ERP and CRM systems do not talk to each other. This gives us a
business opportunity, says Hexaware Technologies executive
director P K Sridharan. The company has strengths in EAI
technologies such as Vitria, Webmethods, IBM MQ Series and Tipco.
In the last two years, it has executed projects, among others, for British Petroleum, a STP solution for an asset management multinational bank and an operational support system integration implementation for Brass Ring.
The EAI market, according to a study by the ARC advisory group, has been on a sharp rise, touching $ 4.8 billion in 2001, and is expected to shoot up to $11 billion by 2006. Sridharan says application management is another segment where Hexaware Technologies has signed several long-term contracts to earn 37 per cent of its revenues. Such long-term relationship also gives additional businesses in different areas.
One of the recent successes for Hexaware Technologies is its tie-up with Exult, which developed PeopleSoft, an integrated HR solution. Exult has contracted Hexaware Technologies to provide PeopleSoft-related work out of India. This contract is worth not less than $30 million, says Sridharan. The Exult business is expected to provide the Indian company nearly 50 per cent of its total revenue.
Our corporate restructuring process is progressing well. We will soon have two listed companies - Aptech Training and Hexaware Technologies, says Aptech group chairman Atul Nishar. Earlier, Hexaware Technologies was a separate outfit and was taken over by Aptech. Some time back Aptech decided to demerge its software training activities into a separate company, Aptech Training, and undergo a name change - Hexaware Technologies - to carry on the software business.