Ventech Solutions successfully completes its SEI CMMI M Level 5 SCAMPI A appraisal

Ventech’s Global Solutions Delivery Group, Software Division in Columbus, Ohio and Ventech’s Global Delivery Center, Software Division in Chennai, India and were successfully appraised as CMMI Maturity Level 5 Company on Dec 7th 2006.

Ventech Solutions USA and India, has become the world’s 1st CMMI LEVEL 5 (v1.2) company. The company was already ISO 9001:2000 certified and was preparing for CMMi Level 5 assessment since 2003.

“CMMI Maturity Level 5 has been a constructive challenge to our company in both USA and India offices. We had a very interesting experience filled with lot of excitements and surprises throughout the process and I am glad we could achieve this strategic mile stone as planned. This mountainous effort at Ventech could be made possible only with the complete dedication and commitment from our staff who worked round the clock to reach this remarkable achievement”, said Mr. Ravi Kunduru, Chairman and CEO of Ventech solutions.

Explaining about the company’s growth and its future plans, Mr. Kunduru said, The company has been listed as INC 500 company for the last two years with an average 3 year growth of 394 %. Our acquisition strategies were initiated beginning of this year and we have been successful with the first company fully integrated into our company as of September 30,2006 adding $3.5 million to the corporate revenues. We are looking at two additional companies to be acquired by March 2007, adding a possible addition of $10 Million to the bottom line. The company is currently planning to expand open new offices in Washington DC, New York, London, Sydney and Dubai.

The company is currently expanding its India operations in Siruseri IT Park, Chennai with an estimated total manpower strength of 1000 employees by 2008. The company is planning to invest Rs.40 Crores to develop its product and solutions dedicated centers in India. The company is expecting to fully operate its Siruseri R&D center by June 2007.

The company is a strong player in providing global educational software solutions in India and US. “ Our aim is to add 20 new partners accounting a revenue growth of Rs.36.5 Crores in 2007 by deploying our educational services to atleast 1000 institutions in India and USA”, said Mr. Kunduru. By 2008 we would like to be one of the key players in India providing high quality educational products and tools partnering with the public sector organizations. Our focus is to have our solutions being used by atleast 10,00,000 users by 2008.

Ventech Solutions has demonstrated strong commitment and dedication in getting assessed successfully to CMMi maturity Level 5 capability. “ In our 15 yrs of services, Ventech has been one such company that we are delighted to work with due to their energy level and focus towards the processes throughout the company. We are glad that we were able to participate and assist in an effort at Ventech that is delivered for the first time in the world”, said Mr. ParthasarathyRamachandran, Director & CEO Quality Point Integrating SystemsLLC, USA.

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