Christchurch’s Jade Software has signed a memorandum of understanding with CMC Limited, the publicly listed IT services company that is 51% owned by TCS, which is, in turn, part of Indian industrial conglomerate Tata Corporation. The latter boasts annual revenues in excess of US$22 billion (NZ$30 billion).
Jade managing director Rod Carr says his company has been seeking to establish a number of strategic relationships with partners, to accelerate the rate of use and deployment of the technology and applications built in Jade.
“CMC is particularly interested in applying Jade’s innovative solutions to complex data management in logistics, homeland security and other emerging areas [which are] relevant to both the domestic Indian market, as well as to further opportunities in Asia, the Middle East and North America,” says Carr. The agreement formalises the relationship between Jade and CMC — which began life as IBM India. Based in Mumbai with a substantial presence in India, Asia and North America, CMC has 3,500 staff and annual revenues in excess of US$275 million.
CMC managing director Ramanathan Ramanan has had an association with New Zealand for over 20 years.
Under his initiative, CMC formed a relationship with the e-Centre, which is based at Massey University’s Auckland campus, at Albany, with the aim of seeking out creative and innovative products that CMC could collaboratively take to the world.
“This is not about outsourcing development to India. This is a genuine opportunity to synergise and leverage a great New Zealand technology, a rapidly growing Indian technology services company and address global opportunities,” says Ramanan.