MindTree to invest in SAP Practice and Headcount
News Release from:
15 August 2012
MindTree has today announced that it will be making significant investments over the next twelve months in its SAP Practice to drive growth in its services business across major global markets. According to Gartner, worldwide spending on enterprise application software will total $120.4 billion in 2012 with Enterprise Resource Planning as the largest enterprise application software market with revenue projected to reach $24.9 billion in 2012, followed by office suites at $16.5 billion.
Business Intelligence revenue is forecast to reach $13.0 billion and Customer Relation Management is on pace to exceed $13.0 billion this year.
To capitalise on this opportunity, MindTree is sharpening its focus on its SAP Practice. To this effect, the company has recently appointed Arun Rangaraju as Senior Vice President and ERP practice head with more than 18 years of experience in the ERP space, including six years at SAP India. Arun joins MindTree with a mandate to grow the SAP Practice by over 70 percent in the next twelve months and MindTree targets to double its SAP headcount to achieve this goal.
“Our customers continue to make significant investments in enterprise applications to achieve operational efficiency”, said Krishnakumar Natarajan, CEO & Managing Director, MindTree Limited. “We have successfully executed several cutting-edge SAP engagements for large global customers across various industries. Under the able leadership of Arun, I am confident that MindTree will deliver the depth of expertise and services that will help our customers optimise their IT spend and accelerate business growth.”
MindTree has worked with many Fortune 500 companies to help manage and optimise their SAP applications. This includes global consolidation of financial data, GAAP and management reporting using SEM-BCS/ GRC for a leading CPG multinational across 150+ countries and 600+ legal entities, BI design and rollout across Asia-Pac for a global consumer electronics major, ERP/CRM implementation for a Middle East conglomerate using SAP EC&O best practices, a CEO analytics dashboard with advanced visualisation features and a mega outsourcing deal for a large European telecom service provider encompassing infrastructure support and rebadging of key client personnel.
“I am very excited at the opportunity to drive the SAP growth agenda at MindTree. For more than 7 years, MindTree and SAP have collaborated on building solutions that enable enterprises to use SAP technology to achieve business results”, said Arun Rangaraju, Senior Vice President and ERP Practice Head. “Apart from doubling our headcount, we are investing in widening our services portfolio and building deep capabilities in emerging areas like HANA, Sybase Unwired Platform, SAP Test Automation and Solution Manager.”