MillenniumIT ESP expands global reach with new delivery hub at Port City Colombo
Daily FT: MillenniumIT ESP, leading Enterprise Solutions Provider, says it has recently marked a significant milestone in its growth journey with the establishment of its Global Service Delivery Centre at Port City Colombo.
This new centre, registered under the company’s subsidiary, Millennium IT ESP Singapore, will serve as the primary hub for delivering solutions to its growing global clientele. This strategic move reinforces MillenniumIT ESP’s commitment to expanding its international presence and meeting the increasing global demand for its cutting-edge technology solutions.
MillenniumIT ESP CEO Shevan Goonetilleke said: “The launch of our Global Service Delivery Centre at Port City Colombo reflects our unwavering commitment to growth, excellence and more efficient delivery of services. This facility will not only enhance our ability to serve our international clients but also reinforces our position as a leader in Enterprise Technology Solutions. By leveraging the strategic advantages offered by Port City Colombo – as an international business hub – we are well-positioned to drive further growth and innovation, ensuring that we continue to meet the dynamic needs of our customers around the world.”
The launch of MillenniumIT ESP’s Global Service Delivery Centre at Port City Colombo is part of a broader expansion strategy that began in 2021 when the company took its first step towards global expansion by establishing a regional office in Singapore. This initial move was aimed at tapping into new markets and capitalising on the company’s unique resources, skill sets, and capabilities. MillenniumIT ESP has since built upon these foundations, expanding into Bangladesh in 2023 to cater to the SAARC region, and subsequently into Dubai. These expansions have been driven by the company’s vision to leverage existing partnerships and relationships in the ASEAN region, further strengthening its footprint in the international market.
MillenniumIT ESP said as it continues to expand its global footprint, the company remains dedicated to its core mission of providing innovative and reliable technology solutions that reimagine and reinvent the technology landscape, empowering businesses to thrive in an increasingly digital world.
OSL take:
The expansion of Sri Lanka’s MillenniumIT ESP is indicative of the overall growth and expansion of many local businesses. It is a further indication of the strength and resilience of Sri Lanka’s overall economy, especially given the economic crisis faced by the country a few years back. Sri Lanka’s ongoing growth path and the target of becoming a regional hub have all expanded the key economic sectors in the country, opening up many business/investment opportunities for local as well as foreign businesses/investors. IT and related sectors have however become a fast-expanding sector presenting many lucrative business/investment opportunities in Sri Lanka. The constant global evolution in the ICT and digital infrastructure development sectors has made it important for Sri Lanka to also be on par with the global standards. This has resulted in the creation of many business/investment opportunities in Sri Lanka’s ICT and digital infrastructure development sectors. The growth, expansion and profits recorded by local businesses in the ICT and digital infrastructure development sectors are indicative of the growing businesses potential in these sectors. Foreign businesses/investors could therefore confidently explore the expanding business/investment opportunities in Sri Lanka’s ICT and digital infrastructure development sectors. Foreign businesses could also look at forming collaborations with local partners to expand operations locally and internationally.