SSI Technologies (SSIT), a division of Software Solutions India (SSI) and Nasdaq Stock Market have announced the establishment of IndigoMarkets, a joint venture company to create internet-based trading and market systems for the global markets.
SSI provides quality training, consultation and development services to the computing industry worldwide and since its inception has grown to be the third largest software education company in the country (after NIIT and Aptech) as well as a comprehensive IT service provider in cutting edge product lines.
The joint venture will give SSI a lot of mileage in the international markets. This could bring it a lot of business in the future from the other stock exchanges as well. The company, which has so far been known more as a training company seems to have moved up the value chain. And this marks a foray into the lucrative e-commerce market. This will also enable to company to enjoy the enhanced valuations that product companies are entitled to on the stock markets.
In India internet trading has not even started. However with NSE, BSE as well as the regional exchanges gearing up to launch such a service in the coming months the company is well positioned to provide such products. The company’s products are already used in several Asian markets and this too constitutes an excellent client base for referral.
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