Accel Frontline chosen as Sun's Strategic Regional Partner
Launch joint-operations in Coimbatore, Trichy and Thiruvanathapuram.
Chennai, December 5, 2006
Accel Frontline Ltd has been chosen by Sun Microsystems as its Strategic Regional Partner for Tamil Nadu and Kerala in addition to being an Enterprise Partner in India. As part of its next phase of growth strategy for India, SUN has launched its operations in Coimbatore, Trichy, Madurai and Thiruvanathapuram. As Sun's Strategic Regional Partner, Accel Frontline Ltd will represent Sun in these regions
“It is indeed a privilege to be chosen as strategic regional partner with Sun Microsystems as they expand deeper into Indian markets. We are very optimistic about this partnership and certain that a strong brand name like Sun, with its superior technology, products and service offerings will help Accel deepen its footprint in these regions and offer better services to our customers..” said N R Panicker, Chairman and Managing Director, Accel Frontline Ltd.
Commenting on the initiative, Sudhir Nayar, Director – Partner Sales, Sun Microsystems India, said, “Our expansion into Tier III cities and towns forms a strategic part of our efforts in growing our presence across the country, allowing us closer proximity to customers in these regions and enabling businesses in these regions to benefit from Sun’s superior products and solutions.”
“With an efficient, proactive and dynamic sales and distribution platform, combined with flexible and responsive business processes and in depth knowledge of the region, Accel will enable Sun’s market strategy of expanding into newer geographies” said Rajesh Rege, Director, Sales, Sun Microsystems India.
This joint initiative from Sun and Accel offers businesses the benefit of instant responses to their IT requirements, be it sales or services. The proof of concept centers can also be utilized for a closer experience with Sun products.
“We recognize the diversity in our customers’ needs and respond to it effectively. This is where the benefit of Sun-Accel SRP program lies – together, we’re better equipped to address the diverse IT needs to customers. Sun and Accel together offer the best of both worlds – technology and services par excellence,” said Maqbool Hassan, Vice President and head of Accel Frontline Ltd’s, Infrastructure Solutions Division.
About Accel Frontline Ltd
Accel Frontline Ltd is a provider of Enterprise IT solutions specializing in IT Infrastructure Services, Enterprise Software Solutions and Business Process Outsourcing Services. Accel Frontline is a joint venture company formed between Accel Ltd and Frontline Technologies Corporation Ltd of Singapore.In addition to its strong presence in India, Accel Frontline has subsidiaries in Singapore, and UAE. Accel is ISO 9001:2000 certified and its software processes conform to SEI CMMi Level 5. For more information, visit www.accelfrontline.in
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer"™ -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the web at www.sun.com.
Accel Frontline Ltd to provide warranty and technical support services to Kingston Technology Corporation for their products in India
Chennai, November 3, 2006
Kingston Technology Corporation, the world's largest independent memory module manufacturer, has announced a comprehensive product warranty and support policy for its market leading DRAM, Flash and Personal Media Players products in India. Accel Frontline Limited, which is offering warranty outsource services with over 36 offices in 34 cities and 100 Service locations in India, has been appointed by Kingston Technology Corporation to manage the Kingston support and service program on an end-to-end basis for its customers in India. Kingston Technology Corporation, the world's largest independent memory module manufacturer, has announced a comprehensive product warranty and support policy for its market leading DRAM, Flash and Personal Media Players products in India.
"Kingston has already started shipping India specific packaging. At the moment, our priority is to provide an efficient product warranty and support service to our customers", said Country Manager, India, Kingston Technology, Rajesh Panicker. We plan to expand our support infrastructure in a phased manner, looking at our sales pattern, customer base and proximity to city clusters".
We are very happy to support Kingston's initiative to build high quality of product service", said Chairman and Managing Director, Accel Frontline, N R Panicker. With direct presence in 34 cities and over 100 service locations across India, we are well positioned to scale the Kingston support and service infrastructure smoothly to cater to the rapidly growing customer base for Kingston in India."
The comprehensive, multi-level program offers:
(i) A toll-free number service (1 800 425 4515) and Service Hotline (044 420 15215) that customers can use to gather information regarding nearest Kingston sales outlets, authorized service centers, product warranty and other technical issues.
(ii) Walk-in support at selected Metro Service Centers for first hand information and support on all Kingston products.
(iii) Technical Email Support (techsuppport_india@kingston.com) that could be accessed 24/7 for high-end technical queries.
All the above services will be available from Accel Frontline's national network of offices and it's central technical help desk located in Chennai.
Accel Frontline Limited is an end to end provider of IT Infrastructure Solutions and Services. Its warranty outsource services division support a host of technology OEMS to fulfill their warranty service and technical help desk requirement in India. Accel Frontline employs 2200 professionals through more than 100 locations in India, Middle East and Singapore. . Its warranty outsource services division support a host of technology OEMS to fulfill their warranty service and technical help desk requirement in India.
Accel Frontline Ltd. IPO opens 28th September,
Price band fixed at Rs 75 to Rs 90 Chennai 23rd Sept 2006
Accel Frontline Limited, an Information Techology services provider specializing in consulting, infrastructure, applications, outsourcing and support services, proposes to enter the capital market on 28th September 2006 with an IPO of 5,635,950 equity shares of Rs.10 each through 100% book building process in the price band of Rs 75 to Rs 90 The issue closes on 5th October 2006. The issue would constitute 25.04% of the fully diluted post issue paid-up capital of the company. SBI Capital Markets Ltd. is the BRLM and Bajaj Capital Ltd. is the co-BRLM for the issue and Intime Spectrum Registry Ltd. is the registrar. The equity shares are proposed to be listed on the NSE and BSE.
The public issue comprises of a fresh issue of 5,175,667 equity shares by Accel Frontline Ltd. and an offer for sale of 460,283 equity shares by Intel Pacific, INC. 50% of the offer to the Public shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), out of which 5% will be available for allocation to mutual funds registered with Securities and Exchange Board of India (“SEBI”) and the remaining QIB portion shall be available for allocation to the QIB bidders including mutual funds, subject to valid bids being received at or above the Issue Price. Further, atleast 15% of the offer to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the offer to the public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
Accel Frontline Ltd. proposes to invest net proceeds of the issue to fund regional and global expansion plans and acquire and invest in strategic businesses. It also has plans to expand and improve its ESS and BPO infrastructure. The company’s total income for the year ended 31st March 2006 touched Rs.1,704.29 million and PAT at Rs 97.11million as against total income of Rs. 1,368.18 million and PAT of Rs. 42.16 million for the previous year.
The Company was started as Accel Automation Private Limited in the year 1991. It commenced operations by providing multi – vendor services for computers systems and repair services and it reorganized itself as Accel ICIM Systems and Services Limited in 2000 after it acquired the systems and engineering services division of Fujitsu ICIM Ltd. In 2004, the Company forged a strategic alliance with Singapore–based Frontline Technologies Corporation Limited, and entered into joint venture between the Company and Frontline and changed the name to Accel ICIM Frontline Limited. The name was subsequently changed to Accel Frontline Limited with effect from November 3, 2005 to reflect the new direction to adopt the business model of Frontline in IT Infrastructure Solutions and Services.
IT Infrastructure Management Services remains the core business of the company. The business also includes system integration, facilities management, software services and outsourcing. IT infrastructure management services contributes about 30% of the total service turnover of the Company as of March 31, 2006.
Global IT-ITES spending is projected to grow at a CAGR of more than 7% over 2005-09. Aggregate IT spends, comprising amounts spent on hardware; software and IT services are forecast to grow at a CAGR of 6% over the same period. Spending on ITES-BPO is expected to grow significantly faster, at a CAGR of more than 10%, over the same period.
Accel ranks 10 in DQ IDC Best Employer Survey 2006 Chennai 2006
We are proud to announce that Accel Frontline ranks among the Top 10 Best Employers in India according to the DQ-IDC survey 2006. Although Accel slipped two notches since last year's ranking, our Employee Satisfaction score ensured us a coveted place among the elite Top 10.
With an overall score of 74.6, Accel ranked No 10 in the listing. Accel scored high in job content, company image, company culture and salary.
Accel
Frontline Limited to Provide School ERP Solution to GEMS Schools,
a part of The Varkey Group Chennai, February 8, 2006
Accel Frontline Limited, the Chennai headquartered
IT services company announced the signing of their strategic partnership
agreement with the Dubai based GEMS Education, a part of the Varkey
Group, the leading provider of education and healthcare services,
to develop and implement School Management ERP Solutions for GEMS
Schools, worldwide.
Under the agreement signed with GEMS Education,
Accel Frontline will commence the relationship with the implementation
of “Accel Prodigy”, their flagship school ERP system,
in 35 GEMS owned and managed schools across the UAE and the UK,
over the next 12 Months.
“Prodigy” is a proprietary product
developed by Accel and has already been implemented in many schools
in the Middle East and the Far East regions. GEMS Education completed
the pilot implementation of “Prodigy” in two schools in
Dubai, as the last part of their vendor evaluation process, before
finalizing the contract with Accel Frontline Ltd.
The contract between GEMS Education and
Accel envisages that Accel will develop a new generation school management
system incorporating several technology and feature advancements with
the help of GEMS. This new software will be co-branded as GEMS Prodigy
and will be implemented in all the GEMS Schools in the future.
Commenting on this development, Mr. N
R Panicker, Chairman and CEO of Accel Frontline said “The technology
partnership agreement signed with Varkey group is of strategic importance
to Accel as we are looking at the education industry as a key focus
area. GEMS Education and the Varkey Group have over 47 years of experience
in managing world class educational institutions. We are proud to
be associated with them to jointly work towards implementing the latest
technology solutions for the education industry.”
Mr Sunny Varkey, Chairman of GEMS Education
and the Varkey Group said. “GEMS Education is the largest provider
of Private Education in the world. Our global growth has been very
rapid, and we are targeting to have 5000 schools globally by 2025.
We recognize that a good ERP system is a key enabler to help us manage
our business, at a school level, at a regional level and at a global
level. We went through a stringent year-long evaluation process to
identify the best ERP solution for us today. Accel’s “Prodigy”
not only meets our immediate needs, but our strategic partnership
will ensure that our schools business stays at the forefront of information
management within the education industry.”
About Accel Frontline Limited
Accel Frontline Limited, head quartered in Chennai is a leading provider
of Information Technology Solutions and a joint venture company between
Accel Ltd and Frontline Technologies Corporation Limited, a Singapore
headquartered IT services company. Apart from its wide presence in
India, Accel Frontline Ltd has wholly owned subsidiaries in UAE and
Singapore. It has a CMMI Level 5 assessed software development facility
and provides software solutions for Manufacturing, Banking, Education
and Government verticals.
About GEMS Education
GEMS Education, headquartered in Dubai, is a part of the Varkey Group.
Employing over 5,500 education professionals from around the globe,
GEMS owns or manages over 60 schools worldwide that offer a variety
of international curricula. GEMS Schools provide each child with a
holistic education and their schools have an admirable college admission
track record. GEMS' students consistently excel in assessment tests,
keeping their achievements on par with the top schools in the world.
GEMS Schools nurture students towards distinguished careers through
a kaleidoscope of activities, combined with international curricula.
