Proteans Expands in Northern Europe

Bangalore, Karnataka, India, Wednesday, September 02, 2009 -- (Business Wire India)

In the tough economic conditions during the past few months, most IT/software outsourcing companies have shown flat or negative growth in their revenues. Companies have been looking at opportunities in new geographies and industries to get growth.

Proteans Software Solutions, one of the leading software R&D partners for product companies globally, has made significant advancement in customer acquisition in Northern Europe. Proteans is chosen between more recognized companies because of its quality people and its deep understanding of the Nordic market. Proteans now has some excellent customers in Norway and Sweden, and is looking at a strong pipeline in the region. The company operates in the region through its offices in Oslo, Norway and Stockholm, Sweden.

Anders Olsson, Vice President (Nordic Operations), says, “Nordic market is relatively new to offshoring for product development, and with Proteans’ specialization in product engineering, we see tremendous opportunities in the region. The customers like the talent, culture and delivery capability of Proteans, and we are very excited about growth in the Scandinavian market. ”

Currently, Proteans is 300 strong, and now has three development centers in Bangalore with sales offices in US, UK, India and Nordics.

Proteans – a subsidiary of Norway-based CAMO ASA - has built over 150 globally successful products working with over 75 software product companies in the past six years. Currently the company is engaged with around 40 active customers in US, UK, Scandinavia and India.

“We will continue to invest in growing our Nordic Market share, and see a clear opportunity to be the product development leader in that geography. Strong presence in that geography also helps in having a balanced customer base between Europe and US”, says Sudhakar Gorti, CEO of Proteans.

About Proteans

Proteans (www.proteans.com ) is focused in Outsourced Product Development space catering to R&D organizations of Fortune 1000 companies, software vendors (ISVs), software-as-a-service (SaaS) and internet companies globally. Proteans comes in as a software R&D partner, and delivers architecture, design, development, testing, user interface design, performance engineering, release, and sustenance services, depending on specific customer needs. Proteans utilizes Distributed Agile methods and best practices to deliver value to its customers.