Monday, August 07, 2006

Tally aims for higher tally in global market

Company to target countries in West Asia, Asia Pacific and Africa for further increasing its export revenue

NEW DELHI: Business accounting software provider Tally Solutions is now eyeing a bigger pie from the global software market.

The company expects its global revenues to rise over the next few years to an extent that they would come up to 50 per cent of the company’s revenues.

President and head of global services business at Tally Solutions D Kalyanaraman said, “Currently around 10 per cent of the revenue generated is from exports. Over 80 per cent of the revenues are from South Asia – probably closer to 90 per cent. In this financial year, we are targeting revenue of Rs 250 crore out of South Asia. We plan to decrease the South Asia revenue share to 50 per cent over the next two years and we are primarily looking at countries in West Asia, Asia Pacific and Africa for further increasing our export revenue.”

Tally Solutions continues expanding globally with offices in all major cities in India, London, Singapore and Dubai. Kalyanaraman said, “In countries that we operate in, we hope to edge out competition. For instance in Dubai, Tally is the number one accounting package in terms of sales. We also see huge requirement for our solutions out of Philippines, China, Thailand and North Africa.”

Tally had recently announced the launch of TallyDeveloper, a development environment / tool designed specifically for programmers, to develop and deploy customized Tally applications. The company also plans to broaden its partner ecosystem outside India in the Middle East, APAC region, SAARC region and North Africa. It is looking for partners with domain expertise in verticals such as automotive, healthcare and building construction.

Kalyanaraman said, “We have development partners in APAC, Africa and Middle East and at least 20 of them are investing in developing solutions. We are looking at growing the number of international partners from 1,800 to 3,000. Our partners also undertake localization of our solutions to need specific country needs to the extent of making it available in the local language.”

Publication : CIOL, Cyber News Service
Edition : NEW DELHI