Aug 31, 2007, 07.45 PM | Source: Moneycontrol.com
Headstrong positioned in the Niche Players Quadrant for Magic Quadrant North American Offshore Application Services, 2007. Evaluation based on completeness of vision and ability to execute
Headstrong Inc ., a leader in domain led IT consulting, announced today that it has been positioned by Gartner, Inc. in the ‘Magic Quadrant for North American Offshore Application Services, 2007’1 report.
According to Gartner, the Magic Quadrant for North American Offshore Application Services, 2007 "analyzes the market for application services delivered in a global delivery model (GDM). The relative positioning of vendors in this Magic Quadrant is based on factors that Gartner has determined to be relevant to this market."
Gartner defines niche players as vendors who "focus on a particular segment of the market, as defined by such characteristics as functional area vertical industry, client size or project complexity. Their ability to execute is limited to those focus areas and assessed accordingly. Their ability to innovate may be affected by this narrow focus."
“I believe Headstrong’s niche player position further validates Headstrong’s value proposition to provide specialized solution for the financial services segment. With 9 out of the top 10 global investment banks working with us, I believe our MQ positioning strengthens our claim for leadership in domain and industry led distributed consulting,” said Nicki Mehra, Managing Director, Corporate Strategy and Marketing for Headstrong.
“We are very pleased to be part of this year's magic quadrant as, in my opinion; it validates our continued investments in our people, facilities and techno-domain capabilities. We are honored to be positioned in this Offshore Applications Services study,” added Mehra.
Headstrong recently inaugurated a $20 million, 150,000 square feet state-of-the-art capital markets facility in Noida, India and announced aggressive plans for growth in both revenue and headcount globally. Headstrong maintains, as one of its guiding philosophies, that mid-tier players with the right model, offering value added services can demonstrate 40%-plus growth and deeper penetration within the Fortune customers.
Sourced From: Text 100 Public Relations Consultancy