Cambridge Technology Partners Announces Expansion into India.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 20, 1997-- New Facility Will Deliver Virtual Development, Access to Growing Indian Market Cambridge Technology Partners (Massachusetts) Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ) (Cambridge), a leading consulting and systems integration firm, today announced the opening of an office in Bangalore, India. With this opening, Cambridge strengthens its Asian presence, which includes recently announced offices in Tokyo, Japan (June 1997) and Melbourne, Australia (September 1997). The India office The India Office was the British government department responsible for the government of British India. It was headed by the Secretary of State for India, who was a member of the Prime Minister's Cabinet. brings to 41 the number of Cambridge offices worldwide. By the end of 1997, Cambridge expects the Indian facility to be a valuable source of highly skilled development resources, both as a "Virtual Project Environment" and as a source of supplemental project personnel. The "Virtual Project Environment" was pioneered in Cambridge's Dublin, Ireland, office in August 1995. Using advanced communications and software development technology, Cambridge's Bangalore office will become part of a global virtual development team that will enable Cambridge to accelerate projects by adopting a "follow the sun" development model. The new facility will have state-of-the-art communications technologies Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry to allow dependable, constant communications between the Bangalore office, Cambridge's clients, and other Cambridge sites worldwide. These professionals will also be available to staff Cambridge projects worldwide. Given this charter, the Indian government has designated the office a software technology park, which allows Cambridge tax-free status and duty-free imports. "India has a very large pool of well-educated, technically savvy professionals," said James K. Sims, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cambridge Technology Partners. "We plan to leverage this talent to support Cambridge's rapid growth around the world. In addition, we will create a seamless, global development environment that will allow us to continue to shorten project time frames to meet our clients' business objectives. Our goal is to continue to provide our clients with the highest-quality deliverables while simultaneously decreasing project time frames through developmental efficiencies." The Indian market also represents a significant growth opportunity for Cambridge. International Data Corporation estimates that the 1996 market for IT services was approximately $900 million, and they predict that the market will grow to $2.2 billion by the year 2000. "India is moving toward an open market economy," commented Rahul Chawla, Managing Director, India. "As a result, the country has a larger collection of multinational companies than any other developing country. I'm excited about this opportunity and believe that Cambridge's business model and fresh approach will be welcomed by the Indian market, which up to now has not had access to Cambridge's unique style of management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and systems integration. Initially, the Indian office will offer Internet and client/server consulting and development, along with Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. services, to its clients. "Given the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned and rapid modernization of Indian business, Cambridge expects to see significant demand for these services, both in India and in the Asia Pacific Region," said Sims. The Bangalore office, along with the Tokyo and Melbourne offices, will provide Cambridge with a solid base for continued expansion into other Asian countries. About Cambridge Technology Partners Cambridge Technology Partners is a new breed of consulting and systems integration firm. Since our founding in 1991, we have applied our unique core values to the consulting and application development markets to fundamentally reinvent re·in·vent tr.v. re·in·vent·ed, re·in·vent·ing, re·in·vents 1. To make over completely: "She reinvented Indian cooking to fit a Western kitchen and a Western larder" the way business and technology solutions are delivered. Working within a fixed time/fixed price model, our services span strategic consulting, process innovation, custom and package software deployment Software deployment is all of the activities that make a software system available for use. The general deployment process consists of several interrelated activities with possible transitions between them. (including ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. applications), networking, and training to rapidly deliver end-to-end business systems that create immediate bottom-line impact for our clients. Cambridge has 41 offices and approximately 2,550 employees worldwide. -0- Cambridge on the Web: http://www.ctp.com CONTACT: Cambridge Technology Partners Rahul Chawla, 91-80-227-8100 rchawl@ctp.com or Elizabeth Brewer, (617) 374-2097 ebrewe@ctp.com |
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