vMoksha in JV with chinadotcom

Circuit EC / Bangalore

vMoksha Technologies (vMoks-ha), the Bangalore-based offshore IT outsourcing services company, announced that it has reached an agreement for setting up a joint venture (JV) with CDC Outsourcing, the outsourcing unit of chinadotcom corporation. Chinadotcom is a leading integrated enterprise solutions company in Asia with cash reserves of $366 million as of March 31, 2003.

Chinadotcom will hold a 51 percent stake in the JV with vMoksha taking the rest. The JV aims to provide a broad range of outsourcing-related services to major software vendors and enterprises in the United States, Europe and the Asia-Pacific region. It will have sales and marketing offices in the United States, the United Kingdom and Australia, while its centers in India and China will primarily focus on offshore development.

The JV is expected to bring about a substantial increase in the outsourcing services business for vMoksha through access to clients and relationships of chinadotcom and its global clients. vMoksha and its partners in the US and elsewhere will also leverage this relationship to make an entry into China with their products and services. vMoksha will also provide merger and acquisition evaluation services, based on its experience, that will provide vMoksha additional outsourcing business through the JV.

vMoksha’s capabilities in offshore outsourcing services, made up of product engineering, product migration, package implementation, remote maintenance and support will be leveraged by the JV along with its China-based capabilities to access global clients. The service offerings to be provided through the JV are designed to offer clients an unbeatable value proposition—competitive pricing, domain expertise and depth of knowledge, combined with proven delivery capability and high quality management. This JV is also expected to expand chinadotcom’s outsourcing capability and capacity for its clients.

Once implemented, customers of both JV partners will have additional options that may better fit their requirements, whether it is a specific skill, experience, language or location. The JV will foster a close working relationship between vMoksha and chinadotcom, where projects will be jointly bid and executed, staff will be cross-trained and methodologies will be shared. vMoksha’s proven skills and experience in managing large projects and use of CMU/SEI-CMMISM (Carnegie Mellon University/Software Engineering Institute-Capability Maturity Model Integrated) compliant processes is expected to help chinadotcom to improve the software development processes of its software development centre in China.