The enterprise resource planning (ERP) technology provider FACT Software–with its business headquarters in Singapore and research and development centre in Kolkata, India–announced late last week (August 2) that it had "signed four strategic channel partners as part of its national expansion plans in the fast-growing Indian market." The companies named were: Octopus Systems, Transteck Systems Private Limited, Middlepath Technology Solutions and Treewalker Technologies Pvt Ltd.
According to FACT Software executives, these partnerships will enable their company "to reach 45 percent more SMEs [small and medium enterprises]" in the Indian market.
"FACT was set up in India 25 years ago and we continue to be committed towards helping SMEs become more efficient, more productive and, as a result, more profitable," said Founder and CEO of FACT Software Arvind Agarwalla, who firmly believes the ERP market in India will continue to grow, in great part due to the demand among SMEs.
"SMEs in India put in 40 percent towards the country's exports and employ 40 percent of its workforce, but their contribution towards India's GDP is only 17 percent. The lack of technology adoption is holding many of these businesses back. FACT is focused on educating this audience on the significance of technology adoption," said Agarwalla. "The four strategic channel partners, three in Bangalore and one in Mumbai, are expected to further open up the India market for FACT, widening their brand awareness and presence. The level of knowledge and experience that each of the channel partners brings to FACT is something that we are very keen on as it helps us serve our customers better."
Commenting on their channel partnership, CEO of Transteck Systems Vikash Raj Bhansali said that, "FACT's unique product, advanced technology and world-class customer service appeals greatly to both channel distribution partners and their clients."
"This partnership will enhance the efficiency of our customers and at the same time reduce their costs," Bhansali added.
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