ERP industry poised for further growth in the region says top ICICI Infotech executive
Dubai, UAE - 3rd August 2004
ICICI Infotech Middle East & Africa (MEA), a global leader in providing enterprise business management solutions experienced 52% year on year growth in 2003-04. The company's forecast for the ERP sector in MEA market, reflects continued confidence with budget expectations predicted at 60-70% growth for 2004-05. "Since the ERP market slowdown in 2001-2002, there has been a steady increase in demand for proven ERP solutions in the region. SMBs (Small and Medium Businesses) are investing in end-to-end integrated solutions as they fully understand the importance of better business and cost controls to ensure longevity and a competitive edge," commented Hari Padmanabhan, Executive Director & President, ICICI Infotech Ltd.
Strong predictions for ERP and the MEA market have recently been highlighted by Madar Research Group as more organizations across the region, leverage reliable, scalable and advanced business software to ensure growth.
"We strongly believe that businesses in the market are looking for ERP solutions that have incorporated business-specific best practices and demonstrate a better understanding of the nuances of the business, the processes and cycles involved. ICICI Infotech solutions seek to cater to such demands," added Hari. "Bundled all-in-one solutions are the future. The SMB sector is on the look out for a comprehensive solution that maps to the specific demands of the industry, whilst carrying a fixed price tag and fixed implementation time. Micro-verticalization is the watchword for the ERP industry into the future."
ICICI Infotech has noted particular growth in demand for ORION, its leading integrated Enterprise (ERPII) information solution in the retail and manufacturing sectors.
-Ends-
About ICICI Infotech
ICICI Infotech is a global leader in providing Enterprise Solutions encompassing ERP II applications, end-to-end business solutions for Insurance companies as well as niche banking and IT security solutions, across 38 countries. The company is promoted by the NYSE-listed ICICI Bank, which has an asset-base of $25 billion.
For almost two decades now, ICICI Infotech has been servicing the Middle East and Africa region with a strong presence in the GCC countries, Sudan, East Africa, Nigeria, Ghana, Mauritius, Southern Africa, the CIS and the Mediterranean countries. Based at Dubai Internet City, ICICI Infotech (Middle East & Africa) has an estimated 200 full-time sales and experienced implementation consultants operating, directly or through partners, across the Middle East & Africa region.
ORION, ICICI Infotech's leading ERP II solution, has over 1600 loyal customers across Manufacturing, Distribution, Retail and Contracting industries around the world. CrossRoads, the online interactive Enterprise Relationship Management (ERM) solution, enables collaboration between vendors, customers, partners and employees. PREMIA, the integrated solution for insurance companies is the market leader with over 50% of the premium written in the GCC, written using it. PREMIA is now installed across 19 countries worldwide. The company's offerings for banks include solutions for Treasury Management, Asset-Liability Management, Factoring, Retail Lending and Risk Management.
Some of ICICI Infotech's prominent customers in this region include GlaxoSmithKline, Arab Beverages (Caprisonne), STALCO, Ali & Sons Group, Cellucom, Panasonic, Pioneer, Asmak, Intercare, Clarendon Parker, Al Fozan, American Insurance Group (AIG), Emirates Insurance, Emirates Bank and RAKBank. ICICI Infotech was ranked among the top 3 enterprise application solutions (EAS) vendors in the UAE in 2002 by market research firm IDC.
ICICI Infotech contact:
Mr Ranjit Rajan,
Marketing Manager,
ICICI Infotech MEA LTD.
Tel: +9714 3914900
Fax: +9714 3918773
E-mail:ranjit.rajan@icici-infotech.com
Address: P.O Box 9109,
Dubai,
UAE
Website: www.icici-infotech.com
Media Contact:
Ms Sawsan Ghanem,
PR Consultant,
Active PR
Tel: +9714-3900228
Fax: +9714-3904656
E-mail: activepr@emirates.net.ae
Address: P.O. Box 502152,
Dubai,
UAE
© Press Release 2004
