Zensar wins over 21 million USD of new deals in October : Pune, India
Press Release | 29 Oct 2012
Zensar Technologies, leading global software services company today announced a surge in its Manufacturing and BFSI verticals, with significant new wins worth over 21 Million USD booked in the last ten days by the Company. Infrastructure and Enterprise Application services have been key drivers in these recent new wins. Announcing the wins, Nitin Parab, Chief Executive and Global Head of Enterprise Business said, “We have built a tremendous new business pipeline of 160 million USD in the past few months and the winning of four key multimillion dollar deals this month across three continents is a great beginning. Our vertically focused solutions have begun to show substantial traction in new applications and upgrades.” Adding to Zensar’s Manufacturing portfolio is a new deal for global data centre services project with one of the leading European manufacturers of mobile, fixed networks, multimedia solutions and telecom services. The scope of the project is to provide 24x7 Data Centre Services for Oracle and HP servers. This will include Service Desk Support, Remote Technical Support, Onsite Field Support and also Hardware Maintenance Support. The Company has also been selected as a preferred IT partner for their global Oracle implementation, Business Intelligence and Support business by two leading Manufacturing Companies. One is a leading manufacturer of industrial testing equipment headquartered in the US with manufacturing centres located in the US, Europe and Asia. On awarding the contract the customer said, “We are delighted to work with Zensar. The exposure and experience that the Company brings to the table is remarkable.” Second is a leading manufacturer of cutting edge products in the biomedical testing space based in the US. Zensar’s deep manufacturing domain competency coupled with in-depth functional and technical skills was a hallmark of these wins. Zensar also cemented its place as preferred IT partner to the Banking Industry in South Africa when it was selected by one of the largest banks in South Africa for the Implementation, Testing and Customisation of their key banking product. With this win Zensar now services the top five financial institutions in South Africa. Vivek Gupta, Chief Executive and Global Head of the Infrastructure Management business of Zensar said, “The prospect base for dual shore Infrastructure Management business today exceeds 100 million USD and promises to be one of the biggest arrowheads for large deals for the Company. We have added a number of marquee customers with a good pipeline in all markets for the full range of data centre, end user and compliance and security services that we now offer in all markets.” Zensar has had a good first half for FY 13 with growth of 34 % in revenues and 33.46 % in earnings before interest, depreciation, taxation and amortization over the previous year.