by Paul Joseph
April 4, 2012
Featured
Billdesk has been one of the oldest Indian online payments companies. The company was founded in 2000 and has now grown significantly to become one the most trusted companies in online payment services for a lot of companies and services. The Indian Digital Review reports that TA Associates, a global private equity firm has acquired a minority stake in Billdesk. The amount of this investment has not been disclosed yet. This is a good boost forward for the company and will help it to build more solutions which can adapt to the rapidly changing online payment scene. Billdesk currently powers most of the payments processed by Indian companies via some of the top banks in India. These companies are into diverse sectors and include utilities, telecom, insurance, mutual funds, travel and several ecommerce websites. M.N Srinivasu, Co-Founder and Director of BillDesk spoke of the investment saying, “ We are delighted to welcome TA as an investor in BillDesk. With their wealth of experience investing in the financial technology sector globally, as well as their significant resources, we anticipate a successful business partnership with TA .” Naveen Wadhera, Country Head – India and Director, TA Associates, said, “ While India is today dominated by paper-based transactions, electronic transactions are quickly gaining favor. There is growing acceptance of online payments by retail consumers, for products and services procured both online and offline, such as electrical service, mobile phone service and insurance. The very large Indian market, with its low but rapidly increasing online penetration, should continue to present significant growth opportunities for an established industry leader such as BillDesk .” Since Billdesk is a seasoned veteran of the online payment systems, they should now look moving into new and upcoming territories like Mobile Commerce since other companies like Paypal are already eyeing the Indian market. Should all online companies be mobile commerce ready? What are your thoughts? Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency
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by Paul Joseph
April 4, 2012
Featured
Cloud Computing is all set to bring about a huge change in how the IT industry works in India. According to estimates, the cloud is supposed to bring 2 million new job opportunities to the IT sector. But are we prepared for the change that is coming? If an increasing amount of enterprises are going to take up cloud computing, the Indian IT industry as we know it is going to change. Adopting cloud computing will bring down costs and at the same time will put the process of installing and maintaining servers and infrastructure redundant. That will mean engineers who specialize in installation and maintenance will probably face difficulties because the demand for them will go down. Many companies who invest quite a sum of money in IT infrastructure for their offices will now just put everything on to the cloud. This is definitely a stress-free prospect for many companies. At the same time it will cost the IT industry a lot of traditional jobs. Engineers specializing in cloud applications, back-end coding and new programming frameworks like Ruby on Rails will definitely have an edge over the others. However, it is no cause for immediate alarm according to T. Srinivasan, MD of VMware India. The cloud computing market in India is still in its infancy and there is very little we can say about it right now but EMC and Zinnov Management Consulting have carried out a study which estimates the size of the cloud market in India to be at $400 million and this figure is supposed to rocket to $4.5 billion by 2015. The private cloud market will be adding roughly 1 lakh IT jobs by then as compared to the 10,000 jobs at the moment. Instead of the traditional model where Indian IT companies relied on the outsourcing of projects from abroad, cloud computing will help start up Tech product companies in the country. Ramkumar Pichai, General Manager, Customer and Partner Experience, Microsoft India thinks this will happen soon. He says, “ Previously, software product firms in India needed enormous amounts of money to sell abroad. They would need to send people abroad and set up offices. With cloud, you will see many more product companies coming up in India .” What are your thoughts on the adoption of cloud solutions by enterprises? Share them with us. Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency
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