EskoArtwork establishes fully-owned Indian subsidiary; sets up Global Resources Centre in Bangalore

Released on: May 15, 2008, 3:44 am

Press Release Author: PR Hub

Industry: Software

Press Release Summary: Bangalore, May 15, 2008: EskoArtwork, a leading global
supplier and integrator of innovative solutions for packaging, commercial printing
and professional publishing industries today announced the establishment of a wholly
owned subsidiary in India to be based out of Bangalore. The company also announced
the setting up of a Global Resource Centre in Bangalore to support collaborative
software and systems integration projects around the world and to provide enhanced
service to its rapidly expanding customer base in the booming Indian market. The
announcements underline the continuing success of the international growth strategy
that EskoArtwork has been pursuing since the merger of Esko and Artwork Systems in
August 2007.

Press Release Body: According to Carsten Knudsen, CEO, EskoArtwork's Worldwide,"The
new Global Resource Centre underlines EskoArtwork's strategic evolution as a global
services-led company. It enables us to bring added value to collaborative software
and integration projects for customers around the world. We are deploying additional
support and service activities to Bangalore for two reasons: first, because locating
in Bangalore enables us to draw on a pool of world-class IT skills and technical
support talent and second, because India itself offers huge market potential."

EskoArtwork customers around the world will now benefit from the Global Resource
Centre's CAD standard development and systems integration support, specifically on
MIS integration projects. "These services are already helping our customers to raise
productivity, reduce time-to-market, lower costs and expand their business. Once we
put the entire team together in India, it would allow us to scale to meet our
customer's evolving requirements and also to further build on EskoArtwork's
reputation for service excellence, collaborative innovation and highly responsive
customer care," added Mr. Knudsen.
In his comments, Dinesh Chandra, Managing Director of the Indian subsidiary, said,"
EskoArtwork is not moving low-skill jobs to India. On the contrary, we are building
a completely new business model around an enhanced service offering. We have chosen
to base our new Global Resources Centre in one of the world's fastest developing
pre-production and IT market clusters. EskoArtwork has more and more collaborative
software, systems integration and workflow management projects in the pipeline and
hence the focus of the new Global Resource Centre will be to support such projects
originating mainly in Europe and North America. The subsidiary and the centre will
allow us to access top talent in India and reinforce resources deployed in Europe,
North America and the Far East."

EskoArtwork has been present in Bangalore for twelve years but has seen its business
in India expand exponentially, particularly since Esko-Graphics and Artwork Systems
joined forces in August 2007. Esko was already the preferred pre-production solution
provider for the print and packaging industry in India.

About EskoArtwork
EskoArtwork is a global supplier and integrator of innovative solutions for
packaging, commercial printing and professional publishing. Its products and
services help customers raise productivity, reduce time-to-market, lower costs and
expand business. EskoArtwork is the worldwide market leader with pre-production and
collaboration software for packaging buyers, designers and manufacturers. Esko CDI
flexo computer-to-plate imagers and Esko Kongsberg short-run converting tables
complete the portfolio for the packaging, label, signage and display industries. The
company also provides a range of workflow solutions for the commercial printing and
publishing market, as well as the Enfocus suite of PDF tools for graphic designers
and print production professionals.EskoArtwork employs around 1,000 people
worldwide. Its global sales and support organization covers Europe, the Americas,
Asia/Pacific and Japan, and is completed by a network of distribution partners in
more than 40 countries. EskoArtwork is headquartered in Gent, Belgium, and has R&D
and manufacturing facilities in 6 European countries and the United States. The
consolidated full year revenue for 2007 amounted to Euro 170 million with an EBITDA
of Euro 30 million.

For more information, visit www.esko.com

For editorial queries only contact emilee/Sandhya of PRHUB
@emilee@prhub.com/Sandhya@prhub.com or Dimple of Esko Artworks @
dimple.frazer@esko.com


Web Site: http://prhub.com

Contact Details: # 298, Shanthi ng, Lanford Road, Bangalore

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