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Indigo to bid for Thai bourse reengineering

The company, which is a wholly owned subsidiary of the US based holding company, Indigo International Inc, will be placing the bid in April, in a consortium with the Thailand based Control Data Group.

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"We actually were looking at two large system integrators, one of them being CDG. Since we already have a project running with CDG, we have decided to go along with them in this too,'' said Sashi Chimala, president and CEO of Indigo Technologies.

Last year, Indigo went along with the $130 million CDG in a project for automating and re-engineering the State Railway of Thailand's reservation system. In that project Indigo was a sub-contractor to CDG. "In this case, we are bidding together,'' he said. "We are not yet very clear on the mode of the project. It may be even a build-operate-transfer mode,'' Chimala said.

The project involves the reengineering of the current 'Digital' environment to a client-server environment and Indigo will bring in the software (such as its Secura Trade) and the hardware platforms (Tandem). CDG will be the system implementor and integrator.

Talking about the other plans of the company, Chimala said Indigo is studying the present trend of mergers in the banking and financial services industries. "We see a trend predominantly in the US, and here too, of banks and brokerage houses merging. Herein lies a great opportunity for us as our strengths are in these two areas,'' he said.

Indigo has products such as Secura Bank and Secura Trade, for the banking and securities applications. It has implemented its solutions in the stock exchanges at Madras, Dhaka and the recent Integrated Stock Exchange.

"We also have been consultants to the NASDAQ,'' said Chimala.

Indigo, which currently has two development centres (at Madras and Bombay), is planning to open one more by the yearend. The new venue has not been decided on yet. The $8 million company is also planning to induct over 100 employees in the three offices in Madras, the US and Thailand.

- Compiled from the Indian media

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