Dubai, UAE â 25th September 2005 - 3i Infotech, a global leader in information technology solutions for insurance, ERP, banking, e-commerce and retail industries is entering Gitex 2005 on a wave of regional successes. International and Regional growth supported by customized and industry-specific solutions are key factors in 3i Infotech attaining the third largest regional enterprise business solutions provider in the Middle East & North Africa region â as determined by the IDC 2005 MENA report.
Globally, 3i infotech has seen a strong 1st quarter (3i Infotech fiscal closes March), marking 36% growth for the same quarter in 2004. The companyâs ability to gain higher value deals have spurred on increased margins and an enhanced potential for future growth in the region. Furthermore, 3i Infotech anticipates global revenue growth for the full year FY 06 of 25% to 30% over fiscal 2005 revenue while the region would grow at double the rate.
"As of September 2005, in this region we have had over 80% year on year growth," said Hari Padmanabhan. "The latest IDC ranking is further endorsement of our sustained commitment to our customers and exceeding customer demands by providing them with readily deployable, industry specific solutions."
At Gitex, 3i Infotech will be looking to develop new channel partnerships in order to strengthen its reach into the MENA market. With over 58 partners covering the Middle East and Africa, the company remains focused on securing partnerships which can provide the high-level of service, which 3i Infotech is synonymous for.
Visitors to this yearâs show will get a first-hand glance at a wide range of 3i Infotechâs latest enterprise business solution offering. There will be live demos of the recently launched PREMIA 10 and Orion Advantage. 3i Infotechâs latest technology advances
have resulted from intensive research and in-depth domain experience spanning almost two decades.
Premia 10 is the re-engineered version of the original Premia software currently utilized by leading insurance companies throughout the region and which constitutes over 55% of written premium in the Middle East. Premia 10 takes into consideration the importance of client-specific requirements and worldwide deployment that meets regional same-time configuration.
Premia 10 has been developed as a single version for the global market and will be deployed in each region incorporating region specific functions and data; which can further be âcustomerizedâ using 3iâs proprietary âProduct definition engineâ and âRating engineâ providing end-user rapid deployment capabilities combined with robustness and reliability.
Orion Advantage is 3i Infotechâs latest leading micro-verticalized and ready to use ERP solution. With over 30 regional companies already taking advantage of the product, Orion Advantageâs ability to improve strategic and organizational decisions, supports businesses in enhancing their business processes, reducing costs and improving overall customer satisfaction. Orion has been implemented across a number of industry segments including high-tech, electronics, electrical, food, chemical, manufacturing and distribution.
Recent customer wins include Mobitel Sudan (Orion) and Iran Dairy (Orion) and Tokio Marine (PREMIA). 3i Infotech also boasts amongst its existing client list several high-profile multinationals including Dow Jones, AIG, Tech Data, Canon and Emirates Bank amongst others.
3i Infotech has worked with over 500 customers worldwide and retains a presence throughout 45 countries across four continents. It remains focused on the development of products which incorporate industry-specific best practices for a variety of
industries ranging from high tech, electronics and chemicals to food, manufacturing, distribution and banking.