Virtusa to train ICFAI students, faculty

IT company to create Business Process Management professionals

In an attempt to train Business Process Management (BPM) professionals in a big way, the ICFAI Foundation for Higher Education, has signed a Memorandum of Understanding (MoU) with Virtusa Corporation, a global business consulting and IT outsourcing company. The programme entails to engage in talent development programmes aimed at creating a pool of highly skilled BPM professionals trained on Pegasystems’ technology platform.

As part of the programme, Virtusa will provide BPM training to the faculty of science and technology at ICFAI University, while also collaborating on developing industry-oriented courseware and technical knowledge to support the curriculum. A dedicated elective course has been designed to teach these skills to interested students. Extending this initiative into the employment space, students who successfully complete this course, will become eligible to apply to internship positions at Virtusa to hone their skills in a real-world, business environment.

Now, more and more Fortune 500 companies are turning to BPM to reduce time-to-market, optimise customer experiences,and streamline IT initiatives. Speaking on the occasion, Dr. J. Mahender Reddy, Vice Chancellor, ICFAI, said, “This MoU is the first step to get hands-on experience with Pega tools utilising business processes and will provide a value addition to the curriculum based industry-interaction alliance. It will prepare engineers for employment soon after graduation.”

Meanwhile, the ICFAI Business School, Hyderabad organised 5th International Conference on “Marketing and Business Strategy (ICOMBS-2013)” on Friday at IBS Campus Hyderabad. The theme of the conference was “Global Economic Crisis-Implications for Marketing & Business Strategy”.

Addressing the inaugural session the key note speaker Milind Chalisgaonkar, Country Advisor, Axa Group highlighted many marketing and economic issues which are hampering the profits of the multinational business organizations. He hoped that by implementing effective business strategies the organizations can successfully overcome the present crisis.

S. Shivaram, Director, Human Capital Consulting, Deloitte India in his address said “the downturn forced companies to identify ways to reduce headcount without damaging sustainable operational performance. Many organizations have conducted back-office rationalisation, therefore need to look to core delivery functions for savings. Organizations need to understand and respond to both the internal and external market conditions to identify optimal organization size and shape.”