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The Company has its Intellectual Property Rights (IPR) driven solutions for
Banking, Insurance, Mutual Fund and Capital Markets. The Company also
provides Business Process Outsourcing (BPO), Managed Services, Technology
Services, Workflow and Document Imaging, Business Intelligence and Data
Warehousing Services.
The Company has established its sound presence in the developed markets of
US and UK with about one-third of its total revenue coming from these
markets. It has its presence world wide, with its offices across 10 countries
and clients spread in more than 50 countries.
The Company's quality certifications include SEI CMMI Level 5 for Software
business and ISO 9001:2000 for Infrastructure Services and Business Process
Outsourcing (BPO) operations.
Business Solutions:
Solutions
Products
Major Customers:
Executive Management
3i Infotech acquired US-based J&B Software and its subsidiaries for $25.25
million (around Rs 100 crore) (Oct 15th, 2007). It would enable penetration
into the blue chip BFSI customer base in the US and enable taking J&B’s
payment processing solutions to global markets, including high growth Asian
markets. The acquisition will also provide 3i Infotech significant cross selling
opportunities. J&B Software is engaged in the business of providing software
products and services related to remittance processing in the US. It has an
operating margin of $3.8 million (EBITDA) and revenues of around $25
million.
Financials:
Sources of Revenue:
The Company derives its revenue from sale of software products and
services. This year also we witnessed a balanced growth between products
and services businesses. In the last five years, the company has de-risked its
business model by reducing its dependency on services business from 94% to
the current 49%. This de-risking has been made possible by working towards
the strategy of having a 50:50 mix between products and services.
Overall the geographical operating revenue mix in 2006-07 was broad based
and well distributed with India & other South Asian countries contributing
about 35%, North America 28%, and Middle East Asia and Africa about 21%
and the Far East region contributing about 10% of the revenues. The UK
geography contributed 6% of the revenue in 2006-07.
Competitors:
Source:
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ca
pId=9376063
Company Strategy:
To balance diversification with maintenance of growth by product acquisition
strategy. It has developed two pronged strategy for this:
1. To acquire products already launched and accepted in the market.
2. To add 3i-infotech driven value to them, to make them much stronger
offerings.