SlashSupport wins Japanese order

Chennai, March 29 | Updated: Mar 30 2006, 05:56am hrs
SlashSupport, engaged in tech support and infrastructure management services, has signed a three-year, multi-million dollar deal with Japan-based NTT Communications Corporation (NTT Com) to provide infrastructure management services.

The deal involves providing entire infrastructure management services including server management, desktop management and network management requirements of NTT Coms customers.

Talking to FE, Shiva Ramani, chief executive officer, SlashSupport, said: "It is a significant deal for the company and came at a right time when the company is seriously negotiating with multinationals for quite some time." Though he refused to divulge the exact deal size, analysts here pointed out that the size may be between $7 million and $9 million.

"Partnering with infrastructure platform providers such as NTT Com is a great way to add value to customers and this partnership offers us the opportunity to work in synergy with them to provide additional value to their customers," he said.

According to Mr Ramani, the company is planning to hire 500 professionals specifically for this contract over the next 12 months. "We expect that our total strength, including technical support services, expected to touch 5,000 as against 2,500 now," he added.

Mr Ramani said that the company is negotiating with four more companies to provide the infrastructure management services. "We expect to sign similar deals in the next six months," he said, adding "we are targeting $50 million revenue from the infrastructure management services alone over the next three years and the contribution from this area to the companys total revenue will go up sharply to 30% as against current 6%."

It may be recalled that in February Softbank Asia Infrastructure Fund (SAIF) Partners, one of APACs largest private equity funds, invested $22.5 million in CSS, which owns SlashSupport.