BBC NEWS
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC News UK Edition
 You are in: Business  
News Front Page
World
UK
England
N Ireland
Scotland
Wales
Politics
Business
Market Data
Your Money
E-Commerce
Economy
Companies
Fact Files
Entertainment
Science/Nature
Technology
Health
Education
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
CBBC News
SERVICES
-------------
EDITIONS
Wednesday, 7 August, 2002, 09:30 GMT 10:30 UK
Indian IT firm opens Singapore haven
Polaris logo
Fears of war between India and Pakistan have prompted Madras-based bank computing firm Polaris Software Lab to launch back-up operations in Singapore.

The company said the centre would ensure continuity of operations "in the case of any eventualities".

The tensions between India and Pakistan over Kashmir that in May and June brought the countries to the brink of war caused foreign companies to delay deals with India's software industry over security concerns.

"The launch of the business continuity centre in Singapore enhances Polaris' global prospects, especially in the wake of the heightened need for more stringent and detailed business continuity process," the firm said.

The Singapore operation is Polaris's first business continuity centre.

Business plans

Polaris said business continuity plans have become a priority for software companies in the wake of India-Pakistan tensions.

Indian software firms have experienced a boom because of the cheap service they offer to foreign companies looking to outsource operations.

Polaris began life as developing software for Citibank's Indian arm and still earns about one third of its revenue from the US bank.

It is currently merging with on of Citigroup's technology units, Orbitech Solutions.

Polaris has five development centres in India, offices in Hong Kong, London, Dubai, and the US and subsidiaries in Switzerland, Germany, Australia, Singapore, UK, Ireland and Japan.

See also:

31 Jul 02 | Business
26 Jul 02 | Business
06 Jun 02 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | World | UK | England | N Ireland | Scotland | Wales |
Politics | Business | Entertainment | Science/Nature | Technology |
Health | Education | Talking Point | Country Profiles | In Depth |
Programmes