Germany’s SaaS (software as a service) leader Celonis said on Monday it would invest $ 100 million in India over the next two or three years.
Founded in 2011, the company, currently valued at over $ 11 billion, aims to create a “global center of excellence” in India with 1,000 employees.
“India has 50 Fortune 2000 companies and over 335 companies in the country are valued at over $ 1 billion. The combination of these two factors makes the country one of the most attractive markets for process mining software, ”said Bastian Nominacher, founder of Celonis.
“Every wave of significant process innovation, from the client server to the internet to the cloud, has passed through the heart of India’s business process industry,” he added.
The company also plans to train more than 100,000 consultants, students and academics in India through its Celonis Academy program. The program is part of a global initiative, where Celonis will train more than one million experts on process exploration and execution management.
The data processing software maker intends to team up with IT service giants like Wipro, Infosys and TCS, which will then be able to deploy solutions based on Celonis platforms in various industries – whether it s ‘be telecommunications, financial services, retail or manufacturing.
Celonis will allow IT consultants in India to use its platform for free without any time barriers except for the cost which has to be paid to cloud storage providers. However, when a solution, based on the enterprise SaaS platform, is deployed in an enterprise, the license and other fees must be paid by the end user.
“India’s market and talent base represent an unprecedented opportunity to capitalize on the global adoption of process exploration and large-scale execution management,” said Anitha Scaria George, vice -President and Director of Celonis India.
IDC estimates that the Indian IT and business services market will grow from $ 7 billion in the first half of 2020 to $ 20 billion in 2025.
“Process exploration should be at the heart of digital transformation efforts and can play a critical role in helping achieve greater scale, agility and the realization of business value,” said Amardeep Modi, vice president, Everest Group.
“Celonis partners and customers in India will likely benefit from this new hub to support, train and promote best practices for the region. It would also help them tap into India’s vast talent base to meet the growing demand for process mining skills globally.