Hyderabad, India, – April 12, 2012: Steelwedge Software, Inc the leader in cloud-based Sales and Operations Planning (S&OP) solutions, marks its fifth anniversary in Hyderabad with plans for continued aggressive growth in regional hiring.
While the world’s global businesses continue to reel from a year of tumultuous global economic, environmental and political change, Steelwedge doubled its global business and team, including its local staff in Hyderabad. This is possible because the annual business plan is obsolete and Steelwedge helps companies create plans with “shock absorbers” to recognize and respond to changes as they happen to better keep their business plans updated and in sync with the global reality.
As a leader in a supply chain planning market that is estimated to grow to $3.9 billion by 2015, Steelwedge is investing to meet global demand from China, Japan, India, the US and Europe. Large global manufacturers from diverse industries including chemicals, consumer electronics, high tech, and automotive have recently selected Steelwedge to build more agility into their businesses with an integrated planning solution that connects sales, operations and finance data into a single view for a line of sight from plan to performance to profit. Steelwedge is the first vendor to provide a cloud-based solution in this market—a definite advantage over on-premise solutions from competitors Oracle and SAP.
That competitive position is reflected in Steelwedge’s local office growth from 2 to 180 people in the past five years. The local team drives engineering, quality assurance, product research and development, and managed services for the entire organization and also has staff in marketing and operations. This team plays a key role in providing solutions to existing customers and also in developing new technologies.
In 2012, Steelwedge plans to grow its regional presence in India by approximately 71%. The company recently moved its office to High Tech City to better accommodate its local expansion. Boosted by an equity investment from Mainsail Partners in late 2011, Steelwedge is set up well with global customer demand, a strong bench of seasoned management, growing expertise in India and a powerful solution of SaaS technology and deep domain expertise, to have another break-out year in 2012.
Founded in 2000, Steelwedge is the leading Integrated Business Planning solution provider. Steelwedge’s cloud-based Sales & Operations Planning (S&OP) software solutions connect people, process and technology to power a single view of a company’s business. In a volatile global business environment, that single line of sight powers reliable "what if" scenario modeling that pinpoints the financial impact of supply-demand trade-off decisions. Some of the world's largest companies including Sony, Tata Jaguar Land Rover, Canon, Nvidia, and Dow trust Steelwedge to help them mitigate risk and rapidly adapt to global economic, political and environmental change through best-in-class S&OP. Visit www.steelwedge.com for more.
Media Contact:Mubin Sultan