Soft Bounce

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Sept 17, 2010 (LBO) – Sweden-based IFS, an enterprise resource planning (ERP) software maker, said its main development centre in Sri Lanka is growing steadily and demand for its products from the Asia-Pacific region is strong. Its Sri Lanka unit has around 780 staff made up of software developers and business analysts.

Jayantha de Silva, who heads Asia Pacific operations of IFS says at any given time about 100 more staff are on the payroll of its parent working at various sites around the world where IFS software is implemented.

“Last year we hired about 60 staff,” de Silva said. “By the end of this year we will hire about 80 staff.”

In the second quarter the firm has reported net revenues of 655 million Swedish Krona, up from 640 million a year earlier.

De Silva says in the Asia-Pacific region, which makes up a smaller portion of its revenues, demand is up by 30 percent.

The firm makes component based ERP software which can be plugged into firms as needed. Earlier this week the firm said it is implementing its software at several export manufacturing factories in an industrial park in Sri Lanka.

The park provides centralized marketing and financial support for the individual factories. The fact