Press release from Business Wire India
Source: Steelwedge Technologies Private Limited
Thursday, December 22, 2011 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Information technology, Major diversified industrial groups; Technology
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Global Volatility Drives Break-Out Business for Steelwedge Software in 2011
Hyderabad, Andhra Pradesh, India, Thursday, December 22, 2011 -- (Business Wire India) -- In a year of tumultuous global change that put many organizations out of business, Steelwedge Software announced today that it has nearly doubled its business, global presence and team. Steelwedge is the leading cloud-based provider of Sales & Operations Planning (S&OP) and Integrated Business Planning (IBP) solutions.
In 2011, business planning for global organizations became a significantly bigger headache as uncertainly became the "new normal." Executives-- grappling with how to course-correct their enterprises-- are increasingly turning to Steelwedge. Large global manufacturers from diverse industries including chemical process, consumer electronics, high tech, and telecommunications have recently selected Steelwedge to build more agility into their businesses with an integrated planning solution that connects sales, operations and finance data into a single view for a line of sight from plan to performance to profit.
Growing demand from companies with headquarters as far-flung as the US, China and India, has resulted in a near doubling of business and teams across Steelwedge's established North American and Indian operations. The company's new EMEA presence has also had benefitted from tremendous demand this year.
To gear for continued growth, Steelwedge has built out its leadership team this year, adding seasoned executives in global customer service, support, sales, marketing and product strategy. Last month, Srinivas Penmitsa assumed the new role of Vice-President Solutions and Services at Steelwedge's Asia-Pacific headquarters in Hyderabad. Penmitsa will closely collaborate with customers' global leadership teams to influence, align and achieve strategic goals through operational excellence. In addition, he will manage services, solutions, sales, marketing and support operations in India.
"Steelwedge is very keen on meeting the growing demand for integrated business planning solutions in the Asia-Pacific region. We've grown our Hyderabad team by 50% this year to accommodate that demand and look forward to having strong regional sales executives on board in the early part of 2012 to drive sales in APAC," said Penmitsa.
Boosted by an equity investment from Mainsail Partners in September of this year, Steelwedge is set up well with global customer demand, a strong bench of seasoned management, and a powerful solution of SaaS technology and deep domain expertise, to have another break-out year in 2012.
About Steelwedge
A pioneer in Integrated Business Planning, Steelwedge delivers Sales and Operations Planning solutions to global enterprises for a single line of sight from plan to performance to profit. Nobody knows when the next news headline or changing customer demand will throw their business off balance. Steelwedge meets today's business agility imperative with integrated sales, operations and finance planning solutions that provide the "shock absorbers" to react, respond and recalibrate in a volatile environment. Large global enterprises, including five of the Fortune 100, trust Steelwedge to understand fluctuating demand, balance sales and capacity trade-offs, connect S&OP with financial planning, and measure performance against strategic revenue and customer service targets. Steelwedge serves industry leaders including Applied Materials, Emerson, Enterasys, NVIDIA and Sony. Visit www.steelwedge.com .
CONTACT DETAILS
Mubin Sultan,Marketing Communications Associate, Steelwedge Technologies Private Limited, +91 (40) 23310275/6, smubin@steelwedge.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ELECTRONICS, IT, GROUPS, TECHNOLOGY
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