BBC NEWSAmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific
BBCiNEWS  SPORT  WEATHER  WORLD SERVICE  A-Z INDEX    

BBC News World Edition
 You are in: Business 
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
News image
BBC Weather
News image
SERVICES
-------------
EDITIONS
Wednesday, 7 August, 2002, 09:30 GMT 10:30 UK
Indian IT firm opens Singapore haven
Polaris logo
Fears of war between India and Pakistan have prompted Madras-based bank computing firm Polaris Software Lab to launch back-up operations in Singapore.

The company said the centre would ensure continuity of operations "in the case of any eventualities".

The tensions between India and Pakistan over Kashmir that in May and June brought the countries to the brink of war caused foreign companies to delay deals with India's software industry over security concerns.

"The launch of the business continuity centre in Singapore enhances Polaris' global prospects, especially in the wake of the heightened need for more stringent and detailed business continuity process," the firm said.

The Singapore operation is Polaris's first business continuity centre.

Business plans

Polaris said business continuity plans have become a priority for software companies in the wake of India-Pakistan tensions.

Indian software firms have experienced a boom because of the cheap service they offer to foreign companies looking to outsource operations.

Polaris began life as developing software for Citibank's Indian arm and still earns about one third of its revenue from the US bank.

It is currently merging with on of Citigroup's technology units, Orbitech Solutions.

Polaris has five development centres in India, offices in Hong Kong, London, Dubai, and the US and subsidiaries in Switzerland, Germany, Australia, Singapore, UK, Ireland and Japan.

See also:

06 Jun 02 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes