Induslogic to take a hand on OPD wave for Software Development

Induslogic to take a hand on OPD wave for Software Development services and it is also eyeing attainments in the OPD (Outsourced Produce Development) space and aiming $100 million revenue by the year 2008, declared by the official spoke person of the company. OPD market demand has also switched dramatically eventually. The proportion of companies eager to outsource R&D (Research & Development) as well as the proportion of Software Development work they outsource has also been on the increasing side. Day by day the demand of Offshore Software Outsourcing is also increasing and companies are now on the way to outsource almost all the services from the overseas service providers.

According to the National Association of Software and Services Companies (NASSCOM) investigation, the product and technology development services opportunity is prepared for rapid growth and could achieve $8-11 billion by the year 2008. A huge trend changed is marked in the market and business process of the companies is also changing from in-house development to overseas development.

Outsourced Software Development Services

Company Induslogic, supplier of Outsourced Software Development services and facilities, is all prepared to make further inroads into this growing OPD market globally. The company Induslogic has seven quality centers and has initiated the Distributed Agile Methodology that assists diminish the Software Development Product Life Cycle and reduce TCO for the industry.

At present, Induslogic is near to about $30 million in profit and campaigns to produce to $100 million in the next two years time period. The company retains approximately 1,000 people currently, mostly in India, and plans to increase its employment strength to 2,000 by this year-end for Offshore Software Outsourcing services to India. Around ninety percent of the firm’s business comes from the United States and it plans to sustain its on-going concentration on this market for IT Outsourcing Services.

The company recently declared its first all-stock attainment of Nagpur (India) -based Lambent Technologies Pvt. Ltd, supplier of outsourced wireless software product development facilities and services. Induslogic has also increased $12.5 million in its latest round of subsidizing and is now prepared to take the M&A route for Offshore Software Outsourcing services globally.

Induslogic is planning at attainment companies in the OPD industry. Company’s official person also declared that company is looking at other firms with a special focus. Company’s current roadmap involves expanding its offerings and services both in terms of product lifecycle and domain facility.

In short company Induslogic has selected a new road map for OPD services for Software Development to sustain in the competitive environment.