Source: Business Wire
Friday, November 21, 2008 10:20 AM IST (04:50 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
Release no: 18574
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(BW)(SMARTSTREAM-TECHNOLOGIES)SmartStream Expands Indian Operation with New Software Development Centre
Leading Financial Technology Firm Expands Indian Operations in Mumbai to Meet Demand for its TLM Software
London, United Kingdom, Friday, November 21, 2008 -- (Business Wire India) --
SmartStream Technologies, the Transaction Lifecycle Management specialist, announced the opening of its new Development Centre in Mumbai, India, to further expand the company's offshore software development operations.
SmartStream's Indian operation forms a critical part of the company's established development centres located in the UK and Austria. The relocation to larger premises at the heart of an area renowned for IT and technology development is part of SmartStream's significant and ongoing investment in its software development operations.
With the company's sustained growth a greater proportion of new solution development work is being run out of India, necessitating the move to larger premises. The Mumbai Development Centre is tasked with accelerating the time to market for new TLM solutions enabling SmartStream to rapidly respond to customers' evolving operational requirements.
The expanded Centre will develop new common services for the firm's TLM Enterprise Control Architecture as well as deliver packaged TLM solutions for Trade Process Management and Cash and Liquidity Management - both of which are central to the company's solution strategy. As a result of the expansion, SmartStream is also looking to hire experienced software developers, particularly those with knowledge of middle and back office banking operations.
Commenting on the new Development Centre, Ritesh Jhingan, Head of Development at SmartStream Technologies India, said: "SmartStream has been successfully developing and building a range of TLM solutions in India to such a degree that we now require a significantly larger Development Centre. This enables us to expand our headcount and efficiently scale the operations to meet demand for the company's TLM software. The increased capacity also supports our rapid development of new solutions to meet emerging customer, market and regulatory needs."
SmartStream Technologies provides industry-leading Transaction Lifecycle Management (TLM®) solutions that automate complex process flows to efficiently scale, track and control financial transactions. 1,000 clients, including more than 75 of the world's top 100 banks, rely on SmartStream's solutions to reduce operational risk and cost while addressing regulation and improving customer service. For more information about SmartStream and our solutions visit: www.smartstream-stp.com
CONTACT DETAILS
CONTACTS :
SmartStream Technologies
Geoff Whitehouse, Communications Manager
+44 (0)20 7898 0633
email:geoff.whitehouse@smartstream-stp.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
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