Homestead Collaborates with IBM to Help Drive Global Expansion Strategy

IBM to provide consulting and technology solutions to increase efficiency and productivity to company’s worldwide operations

India - 31 Jul 2013: IBM (NYSE: IBM) today announced that Homestead India, a pioneer in Boutique Branded residences in India, has collaborated with IBM as a strategic partner for the company’s business transformation program.

As part of the 5-year engagement, IBM will provide comprehensive consulting services to Homestead and its affiliated companies, and will also manage its technology application development and maintenance requirements. The goal of these efforts is to help Homestead expand its presence globally by bringing more efficiency to its worldwide operations and enhancing the productivity of its IT applications.

In this collaboration, IBM will help Homestead in optimizing its operating costs and resources, while also enabling the company’s Strategic Initiatives team  to focus  more on its transformational capabilities and move  beyond  everyday transaction management. IBM will also help Homestead streamline its IT operations and improve its level of service to the business. During this engagement, IBM will provide Homestead with full-scope application management services, along with seamless IT support for its operations globally. 

“We have extended  our  relationship with IBM into a full-fledged strategic  partnership,  for its ability to provide differentiated services and deliver tangible results. Homestead is a fast growing enterprise and requires an agile technology set-up to support its growth and make the company future-ready,” said, Manoj Shrivastava, COO, Homestead Infrastructure Development Pvt Ltd. "IBM’s strong value proposition enables us to meet the complex business requirements of our rapid global expansion plans."

Homestead was looking  for a long term strategic partner who not only had the technology expertise but  could also provide consulting services to create business value enabled by information technology. The company was also planning to strategically outsource the entire application development and maintenance requirements to support its ambitious growth. Homestead decided on IBM Global Business Services as the partner-of-choice for this critical engagement due to its global expertise, proven track record, and strong commitment to success. IBM’s deep technical capabilities, combined with its business know-how and experience  in supporting organizations through rapid expansion, were key factors in the decision to select the company as a strategic partner.

“We are excited about the Homestead engagement and consider this as a great opportunity to work with a client who aspires to create a new  benchmark  for the real estate industry. IBM believes in fostering strong partnerships with its customers and providing them with maximum value for their investments, said Jeby Cherian, Vice President and Managing Partner, Global Business Services, IBM India/South Asia. “We look forward to a very rewarding partnership with Homestead in helping them to continue their strong growth, both domestic and abroad.” 

With presence in India, Singapore, Saudi Arabia, Sri Lanka & Bangladesh, Homestead has a vision to create valuable ideas through human architecture which will act as a market differentiator for the company and create a new benchmark for the real estate industry.

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