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IBM: IBM Ranked #1 IT Services Company in India for 2008 by Springboard Research

^{Published on 2009-02-24 09:49:41, Last Modified on 2009-02-24 09:50:44 - Market Wire}
 

BANGALORE, INDIA--(Marketwire - February 24, 2009) - IBM (NYSE: [ IBM ]) today announced that a leading analyst and information technology (IT) market research firm, Springboard Research, has recognized IBM as the leader in the Indian domestic IT services market with a market share of 10.8% for calendar year 2008. In a report titled, "India IT Services: Competing for Tomorrow's Market," Springboard ranks IBM as the number 1 vendor in IT infrastructure services and consulting services. According to the research firm, IBM continues to lead the market, leveraging its success with large end-to-end outsourcing deals and the ability to integrate consulting services.

"Vendors with end-to-end solutions capabilities that span hardware, software, integration and consultancy lead the Indian IT Services market," said Phil Hassey, Vice President - Services Research at Springboard Research. "The Indian market is transforming from small contracts to large multi-year outsourcing deals, and these vendors have the size and capability to maximize their opportunity."

The Indian market has been witnessing an increasing number of organizations outsourcing their functions to improve competitiveness in the market.

IBM's success in the Indian IT services market has been driven by significant, large-scale business transformation engagements as well as a sharp focus on small and medium business signings across consulting and application services portfolios and industry-specific infrastructure services, technology design and consulting services. Companies of all sizes have several imperatives to maintain competitive advantage. They must turn disparate data into smarter, actionable information; find more efficient ways of working and serving customers; scale and adapt their entire IT infrastructure; and transform their operations to become "greener." IBM's unique value proposition to help its clients do more with less in an economically challenging environment continues to earn greater trust and more business.

Commenting on the report, Shanker Annaswamy, Managing Director of IBM India, said, "IBM has transformed the services model globally, and Springboard's assessment of our services leadership in India underscores the success of IBM's strategic focus on growth markets. Every client -- big or small -- wants to optimize their IT investments, innovate, become more operationally efficient and mitigate risk. IBM has built solutions across a wide range of industries that can help clients maintain their competitive edge in an increasingly interconnected and instrumented world."

IBM was a pioneer in outsourcing services in India and has sustained its momentum in 2008 by signing major contracts in emerging verticals such as retail, healthcare and insurance, while further consolidating its position in telecom and government sectors. The sheer breadth and scale of services, execution and global delivery capabilities as well as the ability to combine software, hardware and consultancy has aided IBM in upholding its leadership position in the domestic market.

IBM's services teams work closely with more than 2,200 organizations in India, spanning varied industries and providing them a diverse spectrum of IT services. There is strong demand for IBM's capabilities in areas such as Green IT, business consulting, risk mitigation and business transformation. The year 2008 saw the company signing up clients -- small, mid-sized and large.

Key Examples of 2008 IBM services deals in India include:

• [ Hindustan Petroleum Corporation Ltd (HPCL) ]
• [ North Delhi Power Limited (NDPL) ]
• [ Bharti Retail ]
• [ Madhav Nagrik Sahakari Bank ]
• [ Kotak Mahindra Bank ]
• [ Religare Enterprises ]
• [ IDEA Cellular ]

About IBM

For more information, visit [ www.ibm.com/services ].