BWI: Endeavour Software Announces 120% year on year Rise in Revenues

Press release from Business Wire India
Source: Endeavour Software Technologies
Tuesday, January 27, 2009 03:54 PM IST (10:24 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges, Telecommunications; Technology
Release no: 19067
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Endeavour Software Announces 120% year on year Rise in Revenues
The Company added 14 New Customers in North America, Europe and Middle East Region in the Fiscal Third Quarter Ended 31st December, 2008; The Company Strengthens its Workforce by 12%

Bangalore, Karnataka, India, Tuesday, January 27, 2009 -- (Business Wire India) -- Endeavour Software Technologies, a leading Enterprise Mobile Consulting and mobile application/product development services provider, today announced a 120% year-on-year rise in revenues in the fiscal third quarter ended 31st December, 2008. The company has added 14 new customers in North America, Europe and Middle East in the fiscal year. It also added 4 new customers in the last quarter and revised its projections upwards for 2009 and is now looking forward to have a growth rate at over 100% in the fiscal year 2009. The revenues from existing customers contributed 60% to the growth of the company.

"2008 has been a year marked with tremendous growth for Endeavour. We are extremely happy to reinforce our customer's belief in our capabilities to adapt to the ever evolving global mobile landscape and be able to scale up to cater to any kind of new devices and platforms in the mobile space as and when they are introduced in the market" said Manish Garg, COO, Endeavour Software Technologies Pvt Ltd.

Endeavour successfully started offering a comprehensive suite of consulting services to its clients wherein the consultants help clients not only in productizing the concept but also taking the pitch around that concept, for the investors to be able to get a good idea as to what certain product engineering exercise would cost. In the last quarter Endeavour successfully executed two such assignments including a scope analysis for implementing Mobile Social Networking aimed at adoption & implementation of Mobile Social Networking solution and another one for a Private Equity Firm, aimed at adoption & implementation of Enterprise Mobility solutions within the corporate environment.

Endeavour also strengthened the workforce by another 12% this quarter and also got into the nuances of some core team-members joining Endeavour overseas offices full time during this period. The organization celebrated its completion of 7 industrious years of existence on January 15, 2009, felicitating all key performers and acknowledging all the good works done the employees.

"The winning culture is deeply imbibed in us. Winning changes everything winning today, and the confidence of winning tomorrow. Over the next several years, our industry's growth is expected to outpace the growth of the world economy. Despite the gains we are making across our business, we know greater opportunities still exist and we remain constructively discontent. Everything we do will be aligned with our vision of creating greater value for our customers by shaping positive and unforgettable experiences at every point of contact with our Company. Ultimately, our commitment is to reward the faith they have put in us" said Rahul Aggarwal, MD, Endeavour Software Technologies Pvt Ltd.

About Endeavour Software Technologies

Endeavour Software Technologies, a ISO 9001-2000 certified company founded in 2002 by a group of five people, four out of which found IIT-Kanpur as their common ground while pursuing engineering degree, the fifth member joining the venture as a co-founder when the team realized the aspirations and dreams being shared across all five individuals. Endeavour as a company provides niche services on Enterprise Mobile Consulting and mobile application/product development services. It helps conceptualizing and enabling a Mobile Strategy to its clients. It also Analyze customer's mobility landscape, Recommend a mobility roadmap and Execute around mobile solution development.

It helps its customers make sense of the plethora of choices in the handheld technology space and the Mobile Phones/PDAs market, crystallize solution requirements, select appropriate hardware and design, build, test and roll out industry strength mobile-hand-held solutions. It helps extend the wired application to the wireless space. Over the last 6 years it has providing cutting edge solutions to global businesses out of its development center in Bangalore and offices at London & Austin. Over last six years Endeavour has served its customers in different verticals such as Manufacturing, Retail, Market Research, Healthcare, Insurance, and Banking.


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