Undeterred by bearish global economic conditions, Ohio-based Teradata, a giant information and technology firm specializing in data warehousing, is set to open an office in Indonesia today because of promising prospects in the local market.
“Indonesia is one of the largest markets in Southeast Asia,” said Loh Giap Lim, country manager for Tdata Indonesia, the local unit of Teradata.
“We also see that the businesses are maturing and they are beginning to look for services and products that we can provide.
“I would not expect big growth in the first year,” Lim said, adding that it may be lower than 10 percent.
However, Lim declined to give more details. The company said it has several clients, the biggest being one of the top publicly-listed telecommunications providers in Indonesia.
“Aside from the telecoms sector, we also focus on serving clients in banking, manufacturing, and retail,” Lim said.
Ikhsan Binarto, an IT analyst at Jakarta-based Optima Sekuritas, said that Teradata’s move was a smart one because there were not too many big competitors in the current IT market, especially in data warehousing.
“Indonesia’s market is still big enough for new players,” he said, adding that Teradata could now compete with big players like Oracle, IBM, and Microsoft.
In 2008, Teradata’s sales in the Asia Pacific and Japan region increased 4 percent to $327 million from 2007, while the company's net profit stood at $250 million compared with $200 million in the previous year.