MOUNTAIN VIEW, Calif. and PUNE, India, Jan. 21, 2014 /PRNewswire/ -- Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced the formation of a new subsidiary being formed in Pune, India. The company will go by the name RSi Retail Solutions India Pvt. Ltd., and will be led by Managing Director Narayan Menon reporting to David Sun, General Manager of RSi's APAC division.
RSi also announced today that it has entered into a major outsourcing agreement with Cybage Software Pvt. Ltd., a well-respected product engineering and IT services company with 200 active customers, five global development centers and organic five-year growth of 15 percent. Cybage Software will assist with product development efforts managed by the RSi subsidiary.
"Three years ago, RSi set a strategic growth plan to build our global presence, establish a footing in emerging markets, and recruit talent in the burgeoning field of Big Data to better serve our customer base," said Peter Rieman, COO of RSi. "The APAC region is critical to this plan and the Cybage partnership will enable RSi to have the immediate development capabilities needed to realize our international vision."
RSi's presence in India will enable the company to better sell, market and support its client base of more than 500 leading Consumer Products Goods (CPG) companies around the world. Focused on product development efforts and support for RSi's Global Data Management initiatives which includes the collection, cleansing, harmonization, enrichment and loading of retailer POS and inventory data delivered to manufacturers daily across all time zones, RSi India will ensure the APAC region is well serviced.
"We are excited to be a development partner for RSi," said Ashwin Parmar, Vice President at Cybage responsible for retail and distribution. "Cybage and RSi are both highly focused on customer satisfaction, and Cybage's local-market experience makes it uniquely qualified to help RSi grow their presence in India. In addition we are looking forward to jointly exploring new opportunities for the market in India."
David Sun will lead the APAC group as Managing Director. Mr. Sun has been with RSi for 10 years, most recently as the Managing Director for China. Under Mr. Sun's leadership, RSi China has experienced stellar growth over the last four years. This exceptional track record will be brought to his new position, helping lead the India-based team into a fast-growth mode that spans internal organization excellence to the deep penetration of the local market.
"With the second largest consumer population and an increasing middle class, India is a prime market for CPG manufacturers and their retail partners," said David Sun, newly appointed General Manager of RSi's APAC division. "I am excited to lead the company into this new market, full of possibilities and growth opportunities."
Relocating from RSi's corporate headquarters in California, Narayan Menon has been named as Managing Director of the newly formed India operations which includes the Cybage engagement. Mr. Menon has contributed to RSi in an engineering role since 2007 and has been part of the team developing many of the solutions that are actively used by customers today.
"Major retail chains from across the globe are expanding in India," said Narayan Menon, Managing Director RSi Retail Solutions India. "The services RSi provides will benefit both CPG and retail companies to utilize operational data to bring insights and collaboration to them for business value. I am excited to be part of the expansion and plans in India and assist in the development efforts with Cybage."
About Retail Solutions Inc.
Retail Solutions Inc. (RSi) is a global provider of Big Data, predictive analytics for the Consumer Packaged Goods (CPG) industry. The company collects and transforms billions of data points on what shoppers are buying every day and makes it insightful and actionable for better tactical and strategic decision-making at the corporate level and in the field. RSi's innovation and competitive edge comes from the science, algorithms and patented technology that power its cloud-based solutions. The RSi platform is trusted by more than 500 global CPG companies including Colgate-Palmolive, ConAgra, Danone, Diageo, Heineken, Kimberly-Clark, Kraft, L'Oreal, Mondelez, Nestle, Procter & Gamble, and Unilever to maximize product availability, uncover new opportunities, and drive sales. To learn more about the company, visit: www.retailsolutions.com.
About Cybage Software Pvt. Ltd.
Cybage Software Pvt. Ltd. is an SEI-CMMI Level 5 Ver. 1.3 and ISO 27001 certified software services company headquartered in Pune, India. Employing over 4500 IT professionals globally, the company has development centers in Pune, Hyderabad, and Gandhinagar along with international offices in North America, UK, Europe, and Australia. Cybage has marked its presence in diverse industry verticals such as Media and Entertainment, Travel and Hospitality, Retail, Healthcare, and Telecom to name a few. To know more about Cybage, log on to www.cybage.com.
April H. Burghardt
PR Consultant for RSi
SOURCE Retail Solutions Inc.