Kolkata, India (PressExposure) August 17, 2013 -- Leading global analytics service provider TEOCO announced their growth plans for India at a press meet in Mumbai recently. Atul Jain, CEO and Chairman of the US basedcompany, traced TEOCO's success story and its growing India connection.
Established in 1995, and one of the fastest growing companies in its segment with a presence across North America, Israel, Europe, Australia and India, TEOCO provides analytical solutions to telecom service providers worldwide.TEOCO has been ranked by Deloitte's Technology Fast 500 as the one of the 500 fastest growing technology companies in North America for three consecutive years.
Close on the heels of its acquisition of the radio accessnetwork (RAN) optimization leader Schema in 2012, TEOCO is actively lookingto acquire another international company in the telecom software space that could strengthen its presence in India.Prior to acquiring Schema, TEOCO successfully acquired TTI Telecom, a leading service assurance solutions provider headquartered in Israel,for $58 million in 2010.
Speaking about TEOCO's plans for India Atul Jain said, "We see the immense potential that India offers, both in terms of product innovation and talent. We hope to harness the best industry resources available in India as we chalk our expansion plans for the future. Being of Indian origin, I am proud to be back to strengthen our presence in a rapidly developing India which needs to give wings to its young and talentedindustry leaders.We hope to keep developing our portfolio of products and solutions to offer the best services to our customers."
Jain added that TEOCO is all set to increase its focus in the Asia-Pacific (APAC) region. "Our products in network fault and performance management, RAN optimization, and telecom big data analysis could be immensely valuable 'cost and performance' differentiators for telecom service providers in this region", he said.
When asked what could be the biggest game-changer in telecom, Jain said that big data analytics offered tremendous opportunities. "Telecom devices and appliances are capable of continually gathering massive volumes of data, but, till recently, the industry had not fully leveraged this ability to extract the valuable information embedded in such rich data. We know how to play innovatively with this data to provide better BI solutions. We have done it for the largest telecom carries in North America, crunching many hundreds of terabytes of data", he explained.
A seasoned professional who learned the ropes while working for TIBCO in the Silicon Valley, Mr. Jain embraced the entrepreneurial bug when he founded TEOCO. TEOCO, an abbreviation of 'The Employee Owned Company' was founded with the dream of building a successful business model, focusing on an employee ownership led company rather than a profit driven one. TEOCO is widely known for applying the concept of 'Principled Entrepreneurship' which involves running a business without compromising core values. Before founding his successful $100+ million company Mr. Jain had intended to become a professor of probability at the Indian Statistical Institute!
TEOCO's business philosophy and employee centric model is something that the company implements at all its global offices. It already has a 150 strong Indian workforce with its main office in Mr. Jain's beloved Kolkata and other offices in Mumbai and Bangalore.
TEOCO (The Employee Owned Company) is a leading provider of assurance and analytics solutions to communications service providers worldwide. By taming the glut of telecom network, operational and business data, TEOCO leverages its expertise and 'big data' and 'real-time' capabilities to analyze and optimize network and business performance. They help over 100 of the largest service providers around the world to run their businesses more efficiently and effectively by delivering solutions service providers require to remain competitive and profitable in rapidly evolving industry.
About Atul Jain:
Atul Jain, Chairman and CEO, TEOCO, founded the company in 1994 with the vision of building a successful business model and not just a successful business. His goal was to build a company founded on the idea of principled entrepreneurship and employee ownership. TEOCO would focus on business ethics, with a particular emphasis on its core values of alignment with employees, clients and community.