October 18, 2011 – JSC SITRONICS (LSE:SITR), a leading supplier of solutions in telecommunications, IT and microelectronics in Russia and CIS announced that  its subsidiary SITRONICS India signed the Memorandum of Understanding (MoU) with Tech Mahindra, a leading provider of solutions and services to the telecommunications industry. In the framework of the agreement, Tech Mahindra will promote the OSS/BSS-solutions of SITRONICS India in the Indian market and both the parties would mutually explore and leverage  their  expertise in development, implementation and support of different IT solutions.

The signing of the memorandum of understanding with Tech Mahindra is an important step in expansion of the business of SITRONICS in the region, which will allow to experience and resources of local partners for promotion of company’s OSS/BSS products on the Indian market.
This is for the first time that Tech Mahindra has partnered with a Russian entity. SITRONICS India  already has the experience of implementing OSS/BSS-products in the Indian market. The FORIS solution was successfully implemented in for the cellular operator SSTL (MTS India). The solution is customized as per the requirements of the local regulations and the telecom market.

“The cooperation with the company Tech Mahindra will enable us to focus on development of FORIS product line on one hand, and on the other hand it will allow us to use the potential and opportunities of our new partner to install these products. At the same time, we plan to utilize the synergy between the teams of FORIS and of TechMahindra not in India only, but abroad as well”, - commented Mr Boris Volpe - Vice-PresidentMarketing and Business Development, SITRONICS.  

Jagdish Mitra, Tech Mahindra and CEO of CanvasM ( Tech Mahindra’s Mobility business ) said, “We are extremely excited with our partnership with Sitronics India. They have wide experience in setting up number of innovative products, which are of great significance in the Indian market. With Tech Mahindra’s telecom domain expertise, both the parties intend to explore and pursue potential opportunities in India.”