labels: segue software, india intellisys technology, marketing - general, it news
India Intellisys Tech to sell Segue Software testing products news
Our Convergence Bureau
26 June 2003

Chennai: The city-based India Intellisys Technology has been appointed by Segue Software to distribute its complete set of reliability management products, including SilkPerformer V, SilkVision and SilkTest. India Intellisys is part of the US-based $9-million turnover Intellisys Technology.

The $28-million Segue Software delivers software and services that ensures the accuracy and performance of enterprise applications. The appointment of India Intellisys and two other distributors signals the growing potential that India offers for software testing products estimated.

Says Segue marketing manager Heidi A Gilmore: "The annual cost incurred by companies due to software bugs is around $60 billion. The cost to automotive and the aerospace industry is estimated to be in the region of $1.8 billion while in the case of financial services sector it is around $3.3 billion."

Around 64 per cent of the additional cost incurred due to a software bug is borne by the end user and the software developer escapes with just 36 per cent. However, end-users are becoming more careful and demanding as they now insist on third party testing and certification of the claims made by software product companies.

The global market size for software testing product is estimated to be in the region of $1billion and is growing at an annual rate of 20 per cent. "Enquiries about our products from India is second only to the US market and so we decided to come here," she says.

Intellisys Technology, in the meantime, has invested in two companies — eLogistics, Chennai and Axletree Solutions, USA. "In the case of eLogistics it is just an investment opportunity for us while we have acquired 50 per cent of the controlling stake in Axletree Solutions," says Ramdevan Krishnaswamy, one of the promoters of Intellisys Technology.

eLogistics has launched an integrated system of tracking cargo in transit enabling the truckers and shippers to know the cargo location. The product has been approved by the Indian government''s Technology Development Board for funding assistance.

In October 2002 Intellisys Technology acquired Microhard Technologies, an independent IT certification and customised corporate training company.

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India Intellisys Tech to sell Segue Software testing products