Specialization pays off as Thinksoft attracts new customers and expands infrastructure

15 September 2006

Thinksoft Global Services, leader in providing domain focused Independent Software testing & business requirements assurance services to global financial and Insurance organizations is growing rapidly by acquiring new accounts and expanding its presence in new geographies.

The Private Banking Division of a major Singapore based bank recently signed up a contract in excess of Sing. $ 1 million with the company for its independent software testing services. The company’s domain focus tilted the balance in its favour against stiff competition. The company also recently was a key participant in a seminar on Private Banking held in Singapore in December 2005.

In Mumbai, Thinksoft has been selected to assist the country's premier stock exchange to participate in the independent testing of its applications being currently rolled out. The company already services the leading banks in India in both the pubic and private sectors.

Meanwhile, in the UK, the company won several mid size contracts from Financial Services organizations.

Vanaja Arvind, Executive Director, said that this has led to expansion of its office facilities in London, both in terms of space and staffing. “This office will spearhead all operations in that region and will pave way for better customer interaction and support” she said.

She also announced the formation of Thinksoft Global Services (Europe) GmbH, the company's new subsidiary company in Frankfurt, Germany, which will focus on needs of the customers in the German speaking markets.

The Marketing offices of the company have now been relocated to Bangalore which will now function as the global marketing back end.

Asvini Kumar, Founder Director said "Poised to close the coming fiscal year with a revenue growth of 60 %, Thinksoft sees at least the same pace of growth for the following year too".

“Consequently, the company has been rapidly adding to its office infrastructure which now has increased by more 100% to 70,000 Sq.Ft across Chennai, Mumbai and Bangalore” said N. Vaidyanathan, Chief Financial Officer.

According to PV Jaishankar, President and SBU Head, “Thinksoft helps its customers mitigate quality risks in outsourcing by assuring business requirements in delivered software through requirements inspection and domain focused independent testing.“

An ISO 9001:2000 certified organization with over 2 million person hour’s track record THINKSOFT runs dedicated offshore test labs for their Global 500 clients from the United States, Europe, India and the Asia-Pacific regions.

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