New facility doubles its capacity to accommodate growth and address market demand
November 2, 2015 Hyderabad: Pennant Technologies, a leading provider of software products and services to leading banks across the Middle East, announced inauguration of its new head office and significantly larger delivery centre to accommodate its rapidly growing workforce and meet long term business need.
Numerous additions of teams and expanding staff across functional areas in the past year and increased traction in marketplace for its product suite prompted Pennant to move its head office and delivery centre to a large premises with world class facilities.
Pennant Technologies’ new office is strategically located in the midst of Hitech City, in Avance Business Hub of Phoenix Infocity (ITSEZ). New location has larger space with sophisticated infrastructure and excellent ambience that will provide better open working environment to the teams.
The new facility was inaugurated with a ribbon-cutting ceremony by, Dr. Rajiv Sharma, Chief Secretary, Government of Telangana on 1st November 2015 along with special guest, Dr Raju, Ex Engineer-In-Chief(R&B).
“We are very excited about the office move as it enables us to continue to grow in the future. The rapid expansion of our client portfolio and an increase in our workforce necessitated the move to a much larger office. We will now be able to easily accommodate the needs of our customers and the growth of all of our functional units. We are very thankful to Mr. Rajeev Sharma Garu who witnessed the inception of Pennant way back in 2006 and now he is again here to grace us on on this special occasion which is a major step forward for Pennant.“ said Rama Krishna Raju, CEO, Pennant.
“It is very much coincidental that we are in the 10th year of our operations and this move is a major milestone in our journey so far. I wish the state of the art facilities surely offer our employees the right environment for ideation and make their work intrinsically productive and rewarding.” said Pradeep Varma, Founding Director, Pennant.
Pennant Technologies, dynamic and innovative software solutions and services company offers comprehensive suite of end-to-end business driven technology services and next generation software products covering all the functional areas of BFSI vertical. Pennant offers the right-fit and next generation products that address the unique requirements of banking. The suite of offerings includes Islamic Finance Factory, Cross Sell, Interactive Communication Manager, Enterprise Social Media Management, Notification Manager, Lending Factory, Direct Debit, Host Integrator, Utility Bill Pay and Business Continuity.
Pennant’s suite of solutions and services encompasses Enterprise Application Integration Services, Application Services comprising Application design, development, maintenance services and Consulting services comprising IT consulting and Business Continuity Management services.
Pennant empowers its customers to effectively address their business challenges with its deep domain expertise backed with excellent insights of local market dynamics and leveraging the latest technology advancements.