SunTec, the leading provider of Relationship-based Pricing and centralized billing solutions has been named one of the 21 ‘Most interesting Independent Software Vendors (ISV) in India, 2007 and 2008’, by leading IT market research and advisory firm IDC today. IDC is a premier global provider of market intelligence, advisory services and events for the IT, Telecommunications and consumer technology markets.
IDC’s exclusive research was focused on major ISVs operating in the region. The final list of the 21 most interesting companies was made based on exclusive interviews and existing information bases through which, IDC analysts aimed to provide key company profiles, product/solution USPs and positioning, go-to-market strategies and analyses.
The report highlights the potential of Indian ISVs and reveals how they are attaining higher levels of maturity in terms of offering best-of-breed IT products and solutions. ISVs are producing solutions catering to specific domains or niche solution areas. These solutions are made compatible with those offered in other geographies throughout the world by partnering with global technological leaders or by customizing their products for offshore clients, the report says.
IDC believes that FSI and CME verticals are expected to witness a growth of around 20% in the next 5 years. SunTec, as one of the leading vendors in billing solutions, not only fills an important portfolio gap in the banking industry but is also part of a growing opportunity in rapidly expanding markets.
“Being recognized among the 21 best ISVs in India by IDC is a matter of great pride for SunTec and is testimony to our successful product strategy. We constant strive to evolve and innovate our product portfolio to suit the needs of our customers in the BFSI and CME sectors and we have attuned our business strategy with this focus. Today, we are reaping the benefits of this strategy in terms of a surging customer base in both the sectors,” said Nanda Kumar, President & CEO, SunTec.