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Intellect Design to sell own products

PUNE: Intellect Design Arena, which creates software primarily for the financial services industry, will now sell a component of its platform as a standalone product. This is expected to help cater to companies outside its core banking, financial services and insurance (BFSI) space. About 200 customers are using the product, said Arun Jain, chairman of Intellect Design Arena.

“We will look at taking smaller pieces of software and create an independent go-to-market strategy for them. There are no product development costs and this will be a high margin business for us,” he said. The technology landscape has changed rapidly with the emergence of the Cloud and increased demand for APIs and microservices that can be integrated with the company’s existing software.

Source: Economic Times