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1989

The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC), in association with the Sri Lanka Association of Software and Service Companies (SLASSCOM) is scheduled to host a forum to educate the IT-BPO and Knowledge Services industry on the importance of going public.

 The Forum is another step to attract companies that are of high value and worth to the capital market, in order for them to enter into a mutually beneficial partnership of wealth creation and value addition with the public.

The potential-issuer relations forum will be held on the 5th of March at the Dialog Future World Auditorium, from 08.30 am to 11.00 am

The programme will commence with an introduction to the benefits of listing by CEO-CSE Mr. Rajeeva Bandaranaike, followed by a presentation on “Valuing your Company” by Vice-President of Copal Amba (A Moody’s Subsidiary) Mr. Asanka Herath. Chairman-SLASSCOM Mr. Madu Ratnayake will also speak at the event.

The Chief Executive Officers and Chief Financial Officers of potential-issuer companies, from the target industry, will be given an opportunity to pose their questions to a panel of distinguished personnel from the capital market. The panel will comprise of Director-CSE Mr. Ray Abeywardena, AGM-Regulatory Affairs-CSE Mr. Renuke Wijayawardhane, Deputy Director General & Officer-in-Charge- SEC Mr. Dhammika Perera and will be moderated by Executive Director-SLASSCOM Mr. Imran Furkan.

The forum is further seen as an ideal opportunity for the decision makers of these entrepreneurial endeavors to mingle and network with the senior management representatives of Investment Banks, to build mutually beneficial relationships for the future.

“Sri Lankan IT/BPM industry is on a rapid growth trajectory and gaining increasing attention globally. We would anticipate a growth of over 23% YoY this year at industry level, therefore many of the SLASSCOM companies are now gearing for their next phase of growth. Listing on the Stock Market would create avenues for companies to raise funds for this growth acceleration and will provide the general public an opportunity to participate in this very exciting growth phase of the industry, as investors. We are delighted to work with SEC and CSE to help companies understand the journey of raising funds from the capital market”, Chairman of SLASSCOM Mr. Madu Ranayake said.

“The Sri Lankan Capital Market is a vibrant atmosphere where long established, as well as entrepreneurial businesses can thrive by raising capital and maintaining a high standard of accountability to their stakeholders. By entering this affirmative environment members of the knowledge services industry in Sri Lanka can benefit a great deal”, Deputy Director General & Officer-in-Charge- SEC Mr. Dhammika Perera said.

“Listing on the Stock Exchange helps a company enhance its corporate profile and gives it a competitive advantage, while helping the company increase its worth by attracting strategic investors and high value employees. These benefits boost the prestige of a company and can thereby be utilized to fund the next stage of a company’s expansion strategy,” CSE-CEO Rajeeva Bandaranaike said.

2042

The mobile landscape has undergone a tectonic shift in the last couple of years with record numbers of adoption and usage. This has resulted in new ways of looking at old problems and re-definition of user experience in a mobile age. With this territory comes a whole new set of challenges as well as opportunities to re-invent traditional experiences with the aid of the smartphone. This session aims to cover the limits of these possibilities and explore what’s next.

Event is scheduled to start at 5.30 Pm at Virtusa Auditorium in Orion City. More info about the event.

Stay tuned with our Live Blog for detailed updates.

Full video coverage:

 

Photo Album: here.

2753

SLASSCOM’s Thought Leadership Forum on “Entrepreneurs and Innovators: For the Future Economic Growth of Sri Lanka” will examine the role of entrepreneurs and innovators in the future economic growth of the country.

The event is scheduled to take place in Dialog Future World Auditorium at 5.30 PM today. Stay tuned and keep an eye on this Live Blog post for detailed updates. We got IT covered.

And for more details regarding the event, check out our event page, here.

Video Coverage:

Photo Album: here.

1975

Join the sixth GIST TechConnect webchat and learn how to finance your company using cutting-edge crowd sourcing techniques! A panel of guest speakers will introduce viewers to the concept of crowd sourcing, walk them through crowd sourcing platforms and discuss effective strategies for using these tools to raise capital.

Event info, here.

 

1459

SLASSCOM acts at the catalyst of growth of the Sri Lankan IT, BPM and KPO industry by facilitating trade and business, propagation of education and employment, encouragement of research and innovation, and by supporting the creation of a progressive national policy framework.  Being the trade chamber of IT, BPM and KPO companies in the country, SLASSCOM has set the industry targets of USD 5 billion revenue and 200,000 job opportunities by 2022. In achieving this growth, SLASSCOM has initiated various activities and Future Careers is one such initiative focusing on generating capacity for the industry.

The Future Careers initiative has two fold objectives. Firstly, it is focused on connecting the Sri Lankan youth to the exciting and rewarding job opportunities in the knowledge services industry for them to become truly global citizens. Secondly, it is aimed at expanding the talent pool available to the industry as part of this Capacity building program.

The Future Careers initiative of SLASSCOM is currently planning to hold an awareness workshop targeting students from the schools located in Colombo district. The main aim of this workshop is to educate students and the teachers about the career paths available in the IT/BPM/KPO industry. This initiative is supported by ICTA – Sri Lanka and Ministry of Education. Event details are given below:

Date                      :  04/12/2013

Time                     : 8.00am to 5.00pm

Target audience   : 700 students in 4 batches = 2800 students

Venue                   : Open University of Sri Lanka – Nawala

 

Career counseling for participating students is also included in the agenda and personnel from IT/BPM industry are invited to join as industry career counselors to educate students about IT/BPM industry. Further, volunteers are also invited to manage activities of the event. The requirements for career counselors and volunteers are given below:

Requirement for career counselors

•             Sound knowledge about career paths in IT/BPM industry

•             Fluency in Sinhala and Tamil or Sinhala/Tamil

•             Availability on 04/12/2013 from 8.00am to 5.00pm

 

Requirement for volunteers

•             Ability to manage assigned tasks in managing the event

•             Availability on 04/12/2013 from 8.00am to 5.00pm

 

Notes :

•             Career counselor and volunteers will be called for a briefing on 2/12/2013 at 3.00pm at SLASSCOM Corporate Office.

•             Lunch and refreshments will be provided for career counselors and volunteers.

 

Please send nominations for career counselors and volunteers along with contact numbers and email addresses of nominees tocorpoffice@slasscom.lk. For more information call Hajara on 011 7884462.

1519

[From Left-Duminda Ariyasinghe-Executive Director (Investment Promotion) at
the Board of Investment (BOI);Reshan Dewapura-Chief Executive Officer of
the ICT Agency (ICTA); Mano Sekaram -Director & Vice Chairman of
SLASSCOM,Chief Executive Officer,99X Technology; Lalith Weeratunga,
Secretary to the President, Madu Ratnayake-Chairman, SLASSCOM,Senior  Vice
President& General Manager,Virtusa, Sri Lanka; Jayantha De Silva -Director
& Vice Chairman,SLASSCOM, Vice President South Asia and the Managing
Director Sri Lanka, IFS; Dr. Arul Sivagananathan -Director &
Treasurer,SLASSCOM, Managing Director,Hayleys Business Solutions
International (Pvt) Ltd; Virendra Perera -Director,SLASSCOM ,Chief
Operating Officer,Brandix Mercury Asia (Pvt) Ltd.]

Sri Lanka has been awarded the prestigious “Outsourcing Destination of the Year” award by the National Outsourcing Association (NOA), UK at the award ceremony held in London recently.

The award was ceremonially presented to Mr.Lalith Weeratunga, Secretary to H.E the President by a delegation led by Chairman of SLASSCOM Madu Ratnayake and which included representatives of BOI and ICTA.

Speaking at the occasion Mr.Weeratunga stated that” ICT is being used by the Government as an instrument for rural empowerment and generating employment as well foreign exchange. This award will bring enormous attention to our growing ICT and Knowledge Services industry among the discerning international clientele. It will help position us as a niche destination for IT and Knowledge Services. I congratulate all stakeholders including SLASSCOM, ICTA, BOI, EDB and others who have worked tirelessly over the years to make this award and recognition that comes with it a reality. The Government of President Mahinda Rajapaksa will continue to support the industry in its quest to become the leading foreign exchange earner by 2022”

Expressing views on Sri Lanka’s magnificent achievement, SLASSCOM Chairman Madu Ratnayake stated that “We are delighted that Sri Lanka has been awarded the prestigious “Outsourcing Destination of the Year” award by the National Outsourcing Association. Over the last five years, we have executed a focused market development strategy internationally, building on the strong relationships and foundation many pioneering companies have established in the international markets. SLASSCOM pitched for this award for the last three consecutive years and we are truly delighted to have won this year. This is a great testament of our industry potential and more specifically of the growing visibility of the Sri Lankan IT and Knowledge Services Industry. We wish to thank Mr. Weeratunga for his continued support as a champion and advisor of the industry.”

Commenting on the securing of the award as the best outsourcing destination in the world, Information and Technology Agency of Sri Lanka (ICTA) CEO Reshan Dewapura said: “This is yet another fruition of implementing the ‘Mahinda Chinthana Vision for the Future’ policy statement of the Government. This coincides with yet another concomitant achievement in the industry, that of IT/BPO industry reaching the 5th position as the best foreign exchange earner for Sri Lanka. IT/BPO industry is also a great sector for generating employment”

Ranked among the Top 25 Global Outsourcing destinations by AT Kearney and among the Top 30 Outsourcing destinations by Gartner, the Sri Lanka is highly conducive for global enterprises to enjoy premium access to a high quality talent pool whilst establishing high-in-demand niche global competency centers. Sri Lanka acts as an off-shore development centre and joint venture development centre to several Fortune 500 companies and industry leaders from the North American continent, Great Britain, Australia, Sweden, Norway, and Japan.

1305

National Association for Outsourcing (NOA) has shortlisted Sri Lanka for its Offshoring Destination of the Year Award. This award is to be delivered during its prestigious award ceremony – The National Outsourcing Association Awards (NOAAs) 2013. The NOAAs is the only award ceremony dedicated to the UK outsourcing sector and takes place on Thursday 24th October 2013 at the Park Plaza Riverbank in London.

Commenting on the NOAAs 2013, National Outsourcing Association Director, Kerry Hallard said:
“2013 is a monumental year for the NOAAs, as it’s our 10th Anniversary, and yet again we have seen a growing number of submissions – all of outstanding quality. The shortlist truly represents the best of the best in outsourcing, and I am extremely proud to see that so many organizations clearly value the positive association of participation.”

Expressing his views on Sri Lanka’s Short listing for this year’s NOAAs in the Offshoring Destination of the Year Category ,SLASSCOM Chairman Madu Ratnayake stated that” Sri Lanka offers a unique advantage for UK and EU companies, especially for software product engineering and accounting outsourcing. Early movers have been able to generate significant competitive advantage for their business in Sri Lanka. We now see many UK and UK companies are setting up their operations in Sri Lanka to take advantage of the synergies. The NOA shorting of Sri Lanka among the top 3 counties is a great testament to the value Sri Lanka offers for UK/EU companies and we look forward to the growth of the thriving UK/Sri Lanka partnership”.

Ranked among the Top 25 Global Outsourcing destinations by AT Kearney and among the Top 20 Emerging Cities by Global Services, Magazine, the Sri Lankan environment is highly conducive for allowing global enterprises to enjoy premium access to a high quality talent pool for small to medium scale engagements whilst establishing high-in-demand niche competency centers. Sri Lanka acts as an off-shore development centre and joint venture development centre to several Fortune 500 companies and industry leaders from the North American continent, Great Britain, Australia, Sweden, Norway, and Japan.

Foreign entities that have invested in Sri Lanka have already begun to tap the local talent; HSBC, Industrial & Financial Systems (IFS), Amba Research, RR Donnelley, WNS,Virtusa, Pearson,Valista, Millennium Information Technology (owned by London Stock Exchange), and Innodata Isogen are overseas investors that have become firm believers. However, there are also over 300 other Local IT companies such as Informatics, hSenid, John Keells, DMS that also operate within a fiercely competitive environment. Among Globally recognized customers of Sri Lankan ICT products and services are names such as JP Morgan, Google, Microsoft, Qatar Airways and Emirates.

About NOA:

The NOA operates as a not-for-profit trade association and aims to promote best practices in outsourcing, lobbying government and regulators, and provide research and information to companies and managers using outsourcing. Now in its tenth year, and firmly established as the awards all outsourcers want to win, the NOA Awards recognizes the success of an organisation’s outsourcing projects and contracts.

About SLASSCOM:

SLASSCOM acts as a catalyst of growth of the Sri Lankan IT and BPO industry by facilitating trade and business, propagation of education and employment, encouragement of research and innovation, and by supporting the creation of a progressive national policy framework.