UST Global sharpens focus on domestic market

MUMBAI, February 10, 2011 – IT services and solutions provider UST Global plans to increase its focus on the Indian market by tapping opportunities in the telecom and healthcare sectors. "At present, Indian revenues account for only 3-4 per cent of our total revenues. Henceforth, we will tap the market through more offerings and partnerships", Mr Alexander Varghese, Country Head – India, UST Global, told Business Line on the sidelines of Nasscom's India Leadership Forum 2011 here. The Thiruvananthapuram-based privately held firm has 5,000 employees in India out of 8,000 globally. "We will be increasing the headcount by about 2,600 in next 12 months", Mr Varghese said. At present, UST operates four facilities in Thiruvananthapuram, Kochi, Bangalore and Chennai. "There is also a plan to begin operations in Hyderabad. We are evaluating the feasibility", he added. Worldwide, it has offices in California, New York, Austin, Singapore, Malaysia and the Philippines among others. NEW MODELS UST is working on offering new solutions. "We are looking at leveraging cloud-based applications for new models. There is a lot of potential in SME customers in these areas", Mr Krishna Prasad, General Manager – India, UST Global, said. In the US, the company is optimistic about emerging opportunities in the healthcare arena. "Broadly, our business focus is on healthcare and retail sectors besides manufacturing", he said. On the increasing pressures on margins in the industry, he claimed that his company was not affected due to a service-based approach. Source: http://www.thehindubusinessline.com/industry-and-economy/info-tech/article1319109.ece

About UST Global UST Global® is a NEXT-Gen IT services and solutions provider focused on the Global 2000 market. Headquartered in Aliso Viejo, California and London, England, it provides IT and business process outsourcing services through its state-of-the-art centers in India, Chile, and the Philippines. UST clients get the advantages of its highly efficient Global Engagement Model; a seamless blend of expertise from locally based senior resources with the productivity, cost, scale, and quality of its offshore teams. Since its inception in 1999, UST Global has grown to over 7,000 employees and has been recognized for an unmatched focus on its clients and for its "Commitment beyond Contract." It follows a philosophy of "fewer CLIENTS, more ATTENTION" to be able to service each of its customers individually. For more information visit: www.ust-global.com