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Small IT firms make it big in Europe

Views 2 Views    Comments 0 Comments    Share Share    Posted 04-03-2009  

Rouhan Sharma, UTVi

Mumbai, Mar 04, 2009:Indian IT firms still have a long way to go before they get lucrative contracts from the European market, but, bit by bit, they seem to be chipping away at Europe.

The surprise - it`s not TCS or Infosys that have an advantage, as you might expect, but smaller companies.

Paul Schewefer, senior vice president and chief information officer, Continental AG, said:, "I find that the big Indian companies are too pragmatic. Not able to take my requests simply...CMM Level 5 etc is of no use to me... all I want is my requirement to be fulfilled."

In short, there are lesser people to deal with, changes are implemented directly without going through various processes, and many small companies have built capabilities in niche areas unlike some giants.

Well, the giants had better take note because the Hannover, Germany, based Continental Group`s technology expenditure for this year could well be up to $500 million! And a lot of that could go to the smaller companies.

Schewefer added: "Partnering with smaller Indian firms helps them to invest in manpower and technologies, and that helps us as well."

On their part, smaller firms are looking at the European market via the partnership model. For instance, Aakit Technologies has just sold 26% to Germany-based Aequitas Group.

Tayeb Barodawla, managing director, Aakit Technologies, said: "The deal deepens our access to Europe, and also gives our German partner India capabilities."

Source:
http://www.cxotoday.com/India/News/Small_IT_Firms_Make_it_Big_in_Europe/551-9972
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