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Vishwanath Kulkarni

BANGALORE March 26

IN a bid to grow its services business, i-flex Solutions Ltd, software solutions provider to the financial services industry, is foraying into the systems integration space.

Mr V Shankar, Head, IT-Services division, i-flex, said the company had recently set up a systems integration group comprising 25 professionals. "Systems integration is a focus area for us as we see a huge growth potential. We expect the systems integration team to grow to about 100 people in a year's time," said Mr Shankar. He added that the company also planned to take up third party package implementation through this new group. "We are looking at some partnerships in this area," he said.

"Customers, in a bid to cut costs are increasingly looking at integration solution providers and at total solutions. Clients are looking at vendors who can provide products, services and solutions together. Since we have the strength to put solutions together and implement them, we expect to leverage on that," Mr Shankar said.

i-flex's products division had an implementation group and the systems integration group would be different from that as it was expected to undertake third party implementation, he said.

Through the new group the company plans to target the emerging areas in financial services space like the risk management, anti-money laundering etc. i-flex already had two clients for the systems integration group, one in India and another overseas, Mr Shankar said.

The services division has about 1,200 people, accounting for nearly 50 per cent of the company's overall strength. "We added about 300 people to the services division last year and expect to sustain that momentum. However, much of the hiring depends on the customer demands," he said.

i-flex's services division has a clientele consisting of 30 customers worldwide. It accounts for nearly 35 per cent of i-flex's revenue, while the rest comes from the products. "We expect to maintain that ratio going forward," Mr Shankar said.

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