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Indian software house launches European sales office

London, 20 August 2001 – Calcutta-based IT giant, DPS Technologies, which operates an Offshore Development Centre (ODC) to reduce software development costs for IT consultants and clients, has partnered with Cobweb Incubator in London to form DPS Europe Ltd.

DPS believes that this is a good time for the opening of the new company. Although leading research house IDC predicts a downturn in the European technology industry with many software houses are facing economic uncertainty, DPS’ Offshore Development Centre can provide cost savings of over 50 percent on software development projects, while maintaining high, internationally-recognised standards.

Partha Banerjee, Vice President (Marketing) of DPS India is delighted with the launch of the European company. “We wanted to open a hub in the UK and offer our range of services to European software houses and to end-clients. I looked for a different solution to opening our own company in Europe. We decided to form a joint venture with a business incubator which enabled us to start from a strong base with immediate operational and financial advantages. I have been extremely impressed by the efficiency and effectiveness of Cobweb’s staff in setting up the new venture.”

DPS Technologies has an extensive list of international clients, including American Express, the US Supreme Court, Toshiba, Standard Chartered Bank, ABN Amro and Deutsche Bank. Adding a European base to their worldwide network of offices will strengthen and improve such existing relationships, while attracting new clients who are looking to reduce software development costs. DPS’ reputation, together with its understanding of the European market and its customers’ needs, provides an attractive and flexible alternative to in-house software development and maintenance.

About DPS

Founded in 1976, DPS Technologies has a strong track record of delivering successful software development projects across Europe, North America and South-East Asia, principally in the banking & financial services, healthcare, telecommunications, manufacturing and retail sectors. Its very cost-effective software development services can be delivered in either an offshore or on-site mode, drawing from DPS Technologies’ team of over 900 highly experienced staff.

About Cobweb Incubator Ltd

A UK-based business incubation company, Cobweb was set up by former Kingston Business School MBAs to act as a unit to help new media businesses become established in the UK. Offering financial, marketing, operations, IT, strategy support as well as the basic infrastructure and office facilities, Cobweb utilises a strategy of seeking businesses that have synergies between themselves to promote early growth.


Adrian Thatcher
DPS Europe Ltd
Tel: 020 8543 9390

Christopher Fogg
Cobweb Incubator Ltd
Tel: 020 8540 4439

This press release was distributed by ResponseSource Press Release Wire on behalf of DPS Europe in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit