News in brief
“Techmill ” – a Mysuru based decade old company, that has excelled in providing system integration services exclusively for the banking sector, has been acquired by Nagarro – a Germany based MNC offering digital product engineering services.
Nagarro – a brief introduction
Nagarro is a Germany-based company that offers a full-service portfolio of digital product engineering, digital commerce and customer experience, managed services, enterprise resource planning (ERP) consulting and other services. Nagarro is a public limited company as it is listed on the Frankfurt stock exchange.
Nagarro has offices in 25 countries globally with major centres in Romania, Austria, Germany, India, Mexico, the UAE and the US. The company was founded in 1996, and was taken over by the German technology group Allgeier SE in 2011.
Nagarro has a strong presence in India with over 6,000 employees across its offices in Gurugram, Jaipur, Bengaluru, Pune, Hyderabad and now in Mysuru.
Digital product engineering: –
Nagarro’s core competency
Over the years various Organizations, Governmental departments, Financial institutions, Manufacturing agencies and others, have been offering their services to customers/ citizens/ staff digitally.
Gone are the days when one had to use his desktop or laptop computer to avail various services. Now, the entire gamut of services is made available to people through Apps on their mobile phones – Android, IOS. Be it new application/ extension of driver’s license, passport, insurance (vehicle OR life), stock/ derivative trading, banking activities like money transfers, investments etc. are all done using mobile Apps.
For example: – Almost all banks offer their services through their Apps (mobile or web version), similarly travel & tour booking, hotel room reservation, train and air ticket booking, E-commerce etc happens through their Apps (mobile & web version). These are the products engineered to deliver services personally at the individual level.
Product engineering can get very complex
Depending on the intricacies of the enterprise application, the Digital product engineering can get very complex.
For example, the Indian railway’s seat reservation/ booking system is considered to be one of the most complex systems in the world. That’s because the process involved to book a train ticket is very complex and elaborate. On the backend, there are mainframe servers put on service to take on the load. They work round-the-clock to cater to the millions of ticket booking/ reservation/ cancellation/ refunding requests happening simultaneously.
However, an IRCTC app installed on our phones interfaces seamlessly to the servers, books tickets on our behalf, and gives us the reservation details in a jiffy. To make the App work this smoothly, enormous amounts of brainwork has gone behind in architecting and engineering the solution.
It requires a lot of maturity, proper understanding of the domain and mastery of the technology to design and build such product apps. Nagarro has this kind of capability and because of that they have a long list of MNCs as customers.
Techmill Technologies is one of the niche financial IT service providers delivering quality technology solutions to customers across the globe in the Fintech industry. Their main strengths are in software development, Digital banking transformation and Enterprise robotic process automation. TechMill has 6 offices 2 in India, one each in Singapore, Dubai, Ecuador, Australia.
With over a decade of handson experience in implementing complex solutions in the banking industry, TechMill will certainly bring in great value for the acquiring company – Nagarro.