In The Spotlight

Zensar announces third quarter results -  23% sequential profit increase   

Pune, 17th Jan 2011,

Zensar Technologies, the leading global IT and BPO services provider has reported strong growth in Net Income for the quarter ended 31st December, 2010.

Consolidated Results for the quarter ended 31st December 2010:

In the third quarter, Zensar has added 27 new customers to its portfolio and has seen business growth and renewals in the IMEA, China and other key geographies of Australia, US and UK.

Dr. Ganesh Natarajan, Vice Chairman and MD, Zensar said, “ It has been a steady quarter under uncertain economic conditions. The successful completion of the Akibia acquisition and the promising outlook for outsourcing business from all our key markets give us confidence that 2011 will continue to be good for our business.”

S. Balasubramaniam CFO, Zensar said “Our cost management initiatives continue to bear fruit with a sequential improvement in profits from Rs 27.50 Crore in the second quarter to Rs 33.93 Crore in the third. We will continue to focus on productivity and efficiency improvement, even as new revenues come from from our core business and the acquisition”

Zensar's acquisition of Akibia furthers its mission to strengthen its position in the critical and fast growing Infrastructure Management and Information Security space by combining Zensar’s Remote Infrastructure Management (RIM) offshore services for global clients with Akibia’s United States and European Data Center practice. Akibia is a key player in the infrastructure management space with revenues of over 100 million US Dollars and a robust customer base, sustained revenue and has an excellent management team in the US and Europe. The acquisition will result in creating significant customer value by “completing the cycle” from Infrastructure Consulting through optimization to providing Best-in-Class Data Center Support.

The acquisition of Akibia was completed on the 31st of December 2010 and the Company is working with a 100 day integration plan which is being led by Senior Management members from both the companies. Thomas Willson and Thomas Tucker will continue to be Chairman and CEO of Akibia respectively and will also become a part of Zensar's Management Council. Vivek Gupta, Head-GTS, Zensar has been appointed as the Vice Chairman and Board Director of Akibia. Ganesh Natarajan Vice Chairman and MD and Venkatesh Kasturirangan who is a Zensar Board Director, has also joined the Board of Akibia. With this acquisition, Zensar will be well positioned to deliver solutions that can transform the future of Infrastructure Management, Information Security and IM analytics around the world.  

Business Update:

• The company has added 296 associates in the third quarter and the total head count was at 5881 as on 31st December, 2010. 
• The company has added 27 new customers in this quarter 
• The Company was awarded the Asia Responsible Entrepreneurship Awards (AREA) 'Investment in People Award 2010’f by Enterprise Asia 
• Zensar is now a silver partner to Novell, a leading brand in Identity and Access Management and Security Information and Event Management space. 
  

About Zensar Technologies (http://www.zensar.com/)

Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences. An RPG Group company, Zensar has more than 5500 employees with sales and operations presence across US, UK, Germany, Sweden, Middle East, South Africa, Singapore, Australia, China and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.  

For further information, please contact:

Manisha Luthra
Market Innovation
Zensar Technologies
+91-20-66057512/ +91-9870131990
manisha.luthra@zensar.com

Shaonlee Bose
Head-Market Innovation ,
Zensar Technologies
Landline :  +91-20-66057845| +91-99230-74441
Email     : s.bose@zensar.com