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News » 2006 » QLBS.com and CMC Combine to Open New Market

New Zealand Innovation combines with Indian IT Leader to open up new Performance Improvement market


Press Release
08/2006


CMC limited, a member of the TATA group, has joined forces with QLBS.com a New Zealand company to open up a whole new category of IT based organisational assessment and performance improvement. QLBS.com has developed an assessment engine that enables continuous performance improvement throughout the private and public sectors. The system works by building a best practice model and `` measuring current performance against that model and developing action plans to address shortfalls. A process of re-measurement stimulates change and improvement over time.

The Partnership Agreement outlines the intent of the relationship to work together to sell, install and support performance improvement systems. The initial focus is on India but rapidly expanding internationally. Mr Ramanan CEO of CMC said “in looking for world class technology to enhance performance improvement, we recognised that Qlbs.com software could not only help our company but also enable India to grow the capability required to sustain growth across all industry sectors including, telecommunications, banking, retail and infrastructure development. All companies are striving to continuously improve in a competitive environment and here we found a unique engine that would seriously improve performance. We believe that there is a whole category of measurement outside of accountancy that is not being catered for.”

The agreement also enables QLBS.com to offer scalable services to other customers in the USA and UK as it starts to open up these markets. “CMC with 3,500 employees and its partner company Tata Consulting services with 50,000 employees offer not only a significant customer base and sales force but also the consulting support and back up that will enable a young NZ based supplier to take on large customers and markets.” said Keith Phillips, the President of QLBS.com. “The ink is hardly dry on the partnership agreement and already we have been introduced to over 30 of their largest customers in both Mumbai and Hyderabad.”

Steve Lewin the Founder of QLBS.com added that he has never met a more committed group of businesses demonstrating a deep understanding of performance improvement. ”CMC clearly understand the potential of IT to accelerate continuous performance improvement and advance productivity gains, resulting in rapid growth of knowledge” Steve Lewin said

CMC Ltd based in Mumbai is a listed company with revenues of over $300 million Its latest quarterly results show a 73% growth and its CEO Mr Ramanan has just received the prestigious Rajiv Ghandi Business Excellence Award.CMC Ltd is 51% owned by the TATA Group.

QLBS.com provides measurement systems for continuous performance improvement. It is a privately owned New Zealand business based on the North Shore, Auckland, and has developed an international client base over the past three years. Most of these clients are involved in the public sector and economic development programmes and services.

 
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