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SOUND SOLUTIONS FOR A BETTER BUSINESS

An ADP CompanyWilco International is a software house specialising in financial services, transaction processing systems and enterprise application integration. Founded in 1970, Wilco International has a worldwide presence with offices in London, New York, Hong Kong, Tokyo, Geneva and Hyderabad. The company entered India in 1999 when it acquired a substantial portion of the offshore development operation of DE Shaw India Software Private Ltd. (DESIS). With human resources and physical assets thus acquired, a new business unit Wilco International Systems Private Limited came into existence with its headquarters housed in DESIS' former office in Hyderabad. Leveraging on the expertise of the former DESIS' employees, the unit ventured into providing data management service.

A wholly owned subsidiary of US based, $6 billion Automatic Data Processing (ADP) Inc. (one of the largest independent computing services), Wilco International provides a range of software products for global transaction processing, market standard interfaces and enterprise-wide middleware. Its star product is Gloss, a real-time system that automates the trade processing life cycle for investment banks, brokers and custodians. More recently, Wilco International has prototyped its applications into the WAP (wireless application protocol) format. The company also provides consultancy and analysis services to financial organisations like Merrill Lynch, Goldman Sachs, Nomura, IBJS, UBS Warburg and Deutsche Bank.

The Hyderabad centre has Wilco's Hyderabad development centreseveral achievements to its credit. According to Managing Director of Wilco-India, Shakti Sagar,"The Hyderabad centre has developed Wilcos On-line, its first web-based product and certain critical solutions using state-of-the-art technologies for one of the three largest investment banks in the world."

During the last financial year, the Hyderabad unit registered a 100 per cent growth with a turnover of Rs 25 crore. Its projected revenue for the next year is Rs 60 crores. Wilco International plans to invest Rs 100 crore over the next three years in its Indian operations. During this period it expects to triple its manpower to 1000 employees. Wilco India has already increased its staff strength from 100 to 225 professionals within a year. The company's exponential growth is best explained by John Byrnes, Director, Finance, Wilco International when he says, "The growth reflects two key factors - recognition and acceptance of Wilco India as an ideal employer and as one who provides the right environment to excel."

Address: Wilco International Systems Private Ltd, 6-3-1 1107 & 1108, Raj Bhavan Road, Hyderabad - 500 082,
Phone:
330 8600, Fax: 330 6980

- Divya Unnikrishnan

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