Over the last two decades, technology has transformed major industries such as media, banking, and healthcare. In fact, Technology Pioneers, a project of the World Economic Forum that recently celebrated its 20th anniversary. This gives us insight into how emerging tech leaders have influenced and responded to these changes. Such notions clearly state that the productivity growth of a stable economy is mostly fueled by technology-enabled innovation. As artificial intelligence, advanced robotics, and cyber-physical systems take the digital revolution to the next level, technological change will continue to reshape growth. Hence, the technology industry will grow in importance as businesses realize that embracing technology leads to growth, which is why Simelabs decided to join forces with Goodbits and Logiticks as part of our consolidation. We believe this step will provide us the ability to aim persuasive contributions to international organizations searching for innovation advancement partners in India.
Hence, it is with immense pleasure we hope to offer combined solutions based on each company’s cutting-edge technological expertise. Simelabs along with Goodbits and Logiticks aims to provide a larger platform for clients, both old and new, by combining domain, technology, and versatility into a single package of solutions and products. Our ambition to develop a stronger brand identity in India that would respond to different customer needs across all major pillars of technology is being advanced with this consolidation. All three organisations will continue to use their brand identity, with Simelabs serving as the primary brand for future opportunities. The changes will go into effect at the start of the financial year 2022-23.
We hope this consolidation will serve as a model and inspiration for other technology service providers in Kerala.
What Simelabs plans to achieve through this step :
- Expand research and development opportunities for increased capabilities on all ranges of core competencies. We at Simelabs strongly believe that capability isn’t always limited to a single department.
- To gain a better distribution or marketing network and gain a competitive advantage for a larger market share. Simelabs has decided to expand into different markets and thus merge with the Goodbits and Finlead Logiticks. This distribution or marketing network is expected to provide all three entities with a larger customer experience in time.
- Diversifying services by enhancing the existing services. We believe, all three companies will be able to gain a competitive advantage in the marketplace by combining their services through consolidation.
Prakash Bare, Chief Evangelist, Simelabs – We are entering a period of computing that defies all boundaries and crosses all borders, in which everything interacts with everything else. It’s a world where solutions matter most, where size matters, and where our ability to align ourselves to function in a seamless manner to meet our customers’ every technological need will determine our success. This very belief has made me believe in this next step and I can proudly say that we at Simelabs have been always enthusiastic about growing our organization into a world-class services organization from Kerala with a special focus on end-to-end product development capabilities.
Derrick Sebastian, CEO, Simelabs: It is my staunch belief that this merger will bring about only positive changes for all parties involved. The increased resources will ensure that we are more capable of providing quality customer service in all aspects, particularly in delivering the best partnership experience to customers. Additionally, I believe this merging process will offer great and fulfilling career opportunities to all our employees, making the company stronger and more competitive in the market.
Tom Antony, CTO, Simelabs: Simelabs has always believed that innovation emerges in lockstep with the growth of client expectations and wants, or vice versa. As a result, I firmly believe businesses all over the world must constantly innovate in order to meet the needs of their customers which is why I feel that this consolidation is only the beginning of a brighter future for us.