AMTEX VENTURE WITH U.S. FIRM

Chennai
The Hindu

Amtex Systems, an IT services company, has announced the launch of InfoBuild India, a venture floated by the company in collaboration with Information Builders of the U.S., a leading global provider of business intelligence solutions.

Amtex Systems has committed an initial investment of Rs 20 crore in the new venture and has hired over 150 professionals in the first phase to provide marketing, sales and maintenance support for WebFOCUS, a widely used business intelligence platform, which was formally launched in the Indian market.

Sunny Pokala, Chairman, InfoBuild India and President Amtex Systems said the new venture, with its base in Chennai, would target the fast growing market for business intelligence solutions, services and technical support in India. The venture was projected to earn Rs 100 crore in its first two years of operations, he said