Market development services in India growing rapidly resulting in a 450%
revenue growth over the past two years
OTTAWA, CANADA AND GURGAON, INDIA, May 10 /CNW/ - TaraSpan Inc. of
Ottawa, Canada and Wesley Clover Communication Solutions Pvt Ltd of
Gurgaon, India, leading providers of market entry and software
development services for Canadian technology companies in India, today
announced consolidated revenue growth of 147% for the fiscal year
ending March 31, 2011.
Additionally, the companies disclosed a revenue growth trajectory over
the past two years in excess of 450%. The continued appetite to
introduce more Canadian technology products into the burgeoning Indian
market has fueled this growth. TaraSpan and Wesley Clover Communication
Solutions also announced a 50% increase of its employee base in India
to over 100 people and a full-year operating profit.
"The phenomenal growth of our operations in India in FY2011, and the
increased confidence and success of Canadian technology companies
entering the market in India, is witness to the success of our business
model", said Mike Manson, CEO of TaraSpan and Director of Wesley Clover
Communication Solutions. "Our outlook is strong; we continue to
innovate and accelerate the growth of our operations in India through
the expansion of best-in-class sales and service in support of our
customers and partners across the region."
With increasing demand for Canadian technology products, the company
grew its customer base to include some of India's largest telecom
operators, IT and financial services companies. Responding to this
continued growth the companies expanded their Indian operations to
include new facilities in Gurgaon and Pune and increased sales
operations across India.
About TaraSpan Inc.
Canada-based TaraSpan accelerates and de-risks India market entry,
software engineering and global support for emerging and established
Canadian technology companies. TaraSpan, in conjunction with
India-based Wesley Clover Communication Solutions, has created the
Unlock India™ platform for delivering comprehensive India strategies
for technology companies.
More information: www.taraspan.com and www.wesleyclover.co.in
SOURCE Wesley Clover International
For further information:
Media & Analyst Contact:
Mike Manson, CEO TaraSpan Inc., firstname.lastname@example.org
Canada mobile: +1 613 265 1942
India mobile: +91 98 1866 4564