Founded in 1998 and headquartered in Hyderabad, India, Prithvi Information Solutions (PISL) is a provider of technology and process outsourcing services with offices in USA (marketing offices in Pittsburgh, PA, San Ramon, CA, Lewis Centre, OH; Sugar Land, TX and Springfield, VA.) and Canada, United Kingdom, Singapore, and India. It has a strong team of professionals both in technology and functional domain expertise. PISL has served over 85 client relationships in US and India and is one of the fastest growing companies in its field. It has achieved a compounded annual growth rate of 84.16% since its inception. Their domain expertise and business solutions cover a broad spectrum of industries including banking and finance, health care, manufacturing, distribution and logistics and the services sector. PISL offers an assortment of services. 1) technology development outsourcing 1A) application development services - studies the requirement of the clients and develops customized solutions to address the issues. 1B) product development space - Prithvi has built groups with specific expertise in meeting design, development, project management and testing requirements of clients. 1C) enterprise solutions - Prithvi provides consultancy on evaluation, implementation and maintenance of large packages like enterprise resources planning, supply chain management and customer relationship management. Prithvi also developed suites of solutions for the healthcare and manufacturing industries. 2) intelligence solutions services. 2A) business intelligence - Prithvi provides solutions for online analytical processing (OLAP) and data mining to clients who generate large amounts of raw transactional data. These solutions help organizations perform quick analysis and uncover hidden information from data marts. 2B) data processing - Prithvi provides high volume extraction-transformation-load (ETL) and digitization services with guaranteed accuracy. 2C) process outsourcing: Prithvi provides helpdesk services and transaction processing. A major portion (90%) of company`s revenues come from onsite which has impacted it margins. PISL is now increasing its presence in the high margin services such as business intelligence (BI), networking solutions (NS) and knowledge-process outsourcing (KPO). PISL has partnerships with Micro Strategy, Microsoft and Sybase, which in turn give them rights to implements their solutions and products to their customers. The company has aggressive hiring plans for its offshore development center at Hyderabad. It is setting up a 2,200 - seat offshore facility there which is expected to be operational by July 2007. The company entered the capital markets (listing Nov. 2005), with an IPO comprising net offer to public of 4,550,000 equity shares of Rs 10 each. The issue was being made through the 100% book building process and the issue price was Rs 270.
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