The ‘Go Global’ concept is catching the fancy of many companies all over the world. Today, independent software vendors want new products with better features at a rapid rate in order to capture the market. Unlike earlier, it has become easy for companies to set up subsidiaries at any place across the globe, irrespective of knowledge of that locality. This has become possible due to the newly introduced BOMT Model by LTS Pvt. Ltd. The BOMT Model stands for Build-Operate-Market-Transfer. The model is favoured as it easily adapts to market in lesser time. Large size global corporations have found a trusted partner in the model. Everything is taken care of by professionals at LTS Pvt. Ltd.
With the BOMT Model, large-size corporations and even ISVs can reduce the time for production realisation considerably. The pressure to upgrade and introduce new products is increasing. Companies, nowadays, compete to offer a wide product line that is comprehensive and a notch higher than competitors. While setting up offshore subsidiaries for product development, companies need to concentrate on many aspects including reducing the development costs as well as accelerating the delivery time. This is not possible without local knowledge and a huge efficient team. However, with BOMT Model by LTS Pvt. Ltd solves the problem by becoming the offshore partner of the company taking care of building a new enterprise that meets the objective of product development. Further, LTS even operates the subsidiary, takes care of marketing the product and when the client is ready, the ownership is transferred.
The BOMT Model offers the advantage of global delivery to companies that desire to distribute as well as manage their subsidiaries across numerous global locations. This innovative model is the first by LTS Pvt. Ltd. offering many advantages over the traditional BOT Model. Companies are readily adopting the BOMT model for its major benefit of risk sharing. The Build Phase of the model offers the clients comprehensive solutions including brand new identity at cost-effective rates. LTS offers numerous facilities supporting pre-sales building a strong foundation for the project. With BOMT Model in place, companies can be assured of receiving good returns without massive investment. The major advantage is receiving an edge against the competitors. With the model, the required time and money for offshore product development reduces along with efforts.
The BOMT Model offers the advantage of staying competitive, especially to independent software vendors. Setting up an offshore subsidiary that concentrates only on product development is beneficial in many ways. Such offshore subsidiaries follow global practices without compromising on quality. The entire lifecycle of product right from architecture and development to deployment takes much lesser time as opposed to traditional model. LTS Pvt. Ltd. offers core services including conducting market survey, understanding user requirements for technical and product specification and design. Besides, LTS takes care of functional specifications, quality assessment, test automation, internationalisation of the new product. Above all, the company offers support through a range of additional features of the BOMT Model.
LTS Pvt. Ltd. has created a niche in the market with the innovative BOMT Model making it easier for companies through offshore product development.
BOMT(Build, Operate, Market, and Transform) model, It is an innovative hybrid partner product development that offers a low-risk, hassle-free, cost-effective global sourcing strategy. BOMT works exceptionally well with StartUps, Entrepreneurs and ISVs. It ensures incubation, development, Gestation and transformation support to increase revenue and maximize ROI in short span of time.
LTS is Outsourced Software Product Development Company with innovation centers in LA, Chicago and India. The Company expertise covers BI, SaaS based applications, Cloud Computing, Migration, Integration, Cross Platform, Testing, Mobility, Big Data, Product Development, SharePoint, SaaS Tenant and IoT Integrations.