NIIT to transform into an e-commerce solutions company
19 Oct 1999
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NIIT, the global IT training major is gearing up to emerge as an e-commerce company by leveraging its software solutions and learning solutions expertise.
With this move NIIT is seeking a transition from being a projects to products to an e-commerce solutions company by successfully leveraging NIIT's unusual business model.The fundamental shift in products, markets and technologies is due to the emergence of Internet.
NIIT Chairman Rajendra S Pawar said, "I am pleased with NIIT's consistent track record of exceeding its growth projections, while managing its rapid transition into an e-business corporation through significant investments in Internet and other technologies and its own IPR creation."
"With our renewed e-Commerce delivery capability, internal
strengthening initiatives and enhanced market access we are well poised to harness the vast opportunities in the next century," Mr Pawar added.
Dwelling on the company's future direction, NIIT President & CEO Vijay Thadani said, "We will continue with investments in our own technology creation, global market development and Internet technologies so as to fully leverage NIIT's unique software-training synergy to emerge as an integrated e-Commerce solutions provider.
"On the product delivery front, NIIT will create more products and components that will go into offering cost effective e-Commerce solutions to global customers. The investments made in building high profile sales and marketing teams and building the eNIIT brand will contribute significantly to NIIT's continued growth."
Elaborating on the company's acquisition plans, Mr Thadani said that NIIT was looking at equity based strategic alliances and is close to finishing a deal with one or two US-based software companies.
With this move NIIT is seeking a transition from being a projects to products to an e-commerce solutions company by successfully leveraging NIIT's unusual business model.The fundamental shift in products, markets and technologies is due to the emergence of Internet.
NIIT Chairman Rajendra S Pawar said, "I am pleased with NIIT's consistent track record of exceeding its growth projections, while managing its rapid transition into an e-business corporation through significant investments in Internet and other technologies and its own IPR creation."
"With our renewed e-Commerce delivery capability, internal
strengthening initiatives and enhanced market access we are well poised to harness the vast opportunities in the next century," Mr Pawar added.
Dwelling on the company's future direction, NIIT President & CEO Vijay Thadani said, "We will continue with investments in our own technology creation, global market development and Internet technologies so as to fully leverage NIIT's unique software-training synergy to emerge as an integrated e-Commerce solutions provider.
"On the product delivery front, NIIT will create more products and components that will go into offering cost effective e-Commerce solutions to global customers. The investments made in building high profile sales and marketing teams and building the eNIIT brand will contribute significantly to NIIT's continued growth."
Elaborating on the company's acquisition plans, Mr Thadani said that NIIT was looking at equity based strategic alliances and is close to finishing a deal with one or two US-based software companies.
