Colombo Stock Exchange entered in to an agreement with OpenArc Systems for the implementation of total BI solution for Market...
Monday, 08 December 2014
Industrial Diploma in Software Development (IDSD) is a one year diploma course in software development offered by OpenArc. Aims of the IDSD program include: produce IT professional with right competencies, help learners with right attitude who do not qualify to go to university or any other highest studies with high entry level qualifications, provide options to be IT-Software Practitioner or IT-Management Practitioner, open an entry point for learners who dropped out from other courses and miss the certification and certify them through competency based learning method, provide innovative learning methods for different learners who learn in different ways and give equal weightage for the four components of Competency – KSAP to make behavioral change in the learner to produce IT practitioners.
The graduation ceremony for the IDSD Batch 4 students were held at BMICH on the 8th of December 2014.
Tuesday, 18 November 2014
DiscoverIT is the free IT workshop at OpenArc that was planned to find talented students from schools and to offer free education who in turn will serve the industry. This workshop was held in of November 2014 at the OpenArc Campus premises. During the 4 workshops that where held, a number of students were shortlisted to be absorbed to the IDSD 6 program.
Friday, 07 November 2014
The Bachelor of Information technology (BIT) from the University of Moratuwa is a Highly Valued Degree in ICT. From this year’s (2014) intake, students could enrol at OpenArc Campus to prepare for University of Moratuwa BIT degree. OpenArc is an ideal place to study this prestigious degree as it provides its own Industrial training together with the academic programme. Further OpenArc campus has a proven track record in producing top grades and highest pass-rates per batch in all of its degree programmes.
– See more at: http://www.openarc.edu.lk/uom#sthash.uBpFBlfo.dpuf
Friday, 07 November 2014
Friday, 07 November 2014
OpenArc Systems Management(Pvt) Ltd, a leading SriLanka software company established in 1991, is gearing to partner with a local bank in its journey to venture abroad. Official said.
“We primarily offer software solutions to banking and finance,
security trading and enterprise resource planing (ERP) and with core banking solutions we plan to join with a local bank to venture abroad,”Daya Hettiarachchi, chairman/CEO OpenArc told the Business Times.
He said this kind of partnership will be cost effective for the banks. The core functions considered in this paper are deposits, lending, transactions, and advisory, “By effectively and efficiently meeting the needs of customers (both individual and businesses) in each of these areas and by thoroughly managing the interdependencies between these core functions, banks create real value for the economies in which they operate, ” Mr. Hettiarachchi explained. OpenArc recently made a presentation to all the chief Information Officers of commercial banks on ‘SkySwitch’, which is the all purpose common platform for mobile payments and core banking . “This Payment Switching platform is linked to our ‘SkyBank’ core banking solution . We requested them to let us do testing of the solutions we have developed, at the banks. IT was at no cost, no commitment but jest for us to work together with their teams to connect and test multiple institutions to this common platform we have designed and developed, ” Mr. Hettiarachchi said.
This platform offers ‘SkyPay’ which is accounts for mobile payments and founds transfers, Sky-POS for Branchless Banking /Agents/Merchants payment solution, ‘SkyTeller-ATM Connectivity solution for Finance Companies, SkyLoad -Prepaid card loading solution, Phone money loading solution for telcos, SkyRemit -Inward remittance distribution to rural, unbanked customers and ‘SkyPal’ which is the local PayPal solution.
The company wants to enhance its international marketing network and launch international marketing network and launch international partnerships with prospective business partners in selected countries such as Dubai, USA, Canada, Japan, South Africa, Kenya, Denmark, Norway, Australia, Bangladesh, Vietnam, Cambodia, Myanmar and Maldives.
OpenArc has already got partnership in some of the above mentioned in some of the above mentioned countries through Ascensor Partners, which has been in the international marketing of some software products that the company has developed for the hospitality industry.
Mr.Hettiarachchi said currently they are in discussion with investment banks with regard to going public and it has recently completed its private placements of shares and also diluted 19 per cent shares to Japanese inventors to raise US$2.5 million. “With this achievement the company was further consolidated with sufficient capital for future development and we will be going for an Initial Public Offering (IPO) later this year ,” he added.
He said that the Japanese investors formed the Japanese arm of OpenArc under Openarc Group, Japan and they already started their software outsourcing business in japan through this new venture. Mr. Hettiarchchi said that openArc signed an MOU with Edirisinghe Trust and Investment to integrate two InBank installations that they are presently running at Swarnamahal and ETI Financial Service within group companies, and implements SkyBank core banking and Finance software solution in the future at ETI Bank that they intend launching in the Future.
Friday, 07 November 2014
TRUE ENTREPRNEURS ARE NOBLE LEADERS, NOT JUST OPPORTUNISTS
- The Founder/Chairman of OpenArc Group of Companies, Daya Hettiarachchi was recognized by The Institution of Engineers Sri Lanka (IESL) at the Engineering Excellence Awards 2014 with the award of “Engineering Entrepreneur” (Merit). This article expresses his views on Entrepreneurship and the Entrepreneurial Contributions made by OpenArc Group of Companies to the nation over 23 years of company history.
Any country needs innovative Engineers to drive development programmes and achieve prosperity in the long run. Entrepreneurial Engineers are gifted products of anyNation’s success. Countriessuch as Japan produced enough of them through their education system and other innovative methods. Results are very much evident from what they have achieved today. Entrepreneurial Engineering Leaders is the need of the hour for Sri Lanka as well.
True entrepreneurs and noble leaders who want to do the best for others and they are not just opportunists who exploit situations to just make financial success, Daya Hettiarachchi expressed his views.
Among many other interpretations, we may see true meanings of the letter ‘E’ in the term ‘LEADERSHIP’ as standing for two aspects of noble leadership; being ‘Ethical’ and setting ‘Examples’ which followers may look upon to build their futures. It is a question in today’s context of leadership and entrepreneurship;is it more of only the exploitation of opportunitiesto produce highest profits at all times and spheres? We need a professional dialogue on this.
Truly a professional entrepreneur is a humble leader who exploits opportunities for the benefits of many others than himself and has more concern for mankind; there is a great deal of materials to be argued upon.
Daya Hettiarachchi, Founder/Chairman of OpenArc Group, a son of the southern soil of Sri Lanka with humble beginnings in 1990’s, has risen today to be a leader, mentor, a genuine and ethical business example in the community, who has paved the way for many successful accomplishments out of OpenArc, an institution that created IT professionals and a successful software business that produced many software solutions for the country that is deem to be the market leader in Sri Lanka providing software solutions to the banking &finance industry over last 23 years.
A Chartered Engineer (BSc. Eng., C Eng., MIESL) who subsequently pursued higher education in Computer Science (MSc) andalso became a Chartered Global Management Accountant (CGMA) after achieving full management accountancy professional qualifications from CIMA, UK way back in 1984. This is a rare combination of professional qualifications for anyone to possess along with entrepreneurial qualities.
In 1990 as a head of IT in a Bank,he identified the need of solid software solutions to be implemented in the Banks and Finance companies and other enterprises in Sri Lanka. He took over the challenge of heading IT divisions of banks but the country didn’t have many IT Engineers to support in his endeavors in early 1990s. All the IT solutions given to banks have been foreign software. In spite of slim local resources,in that erahe took initiative to introduce many new technologies and technology platforms for the first time in the history such as UNIX based Informix Dynamic server to local enterprises with training support from international organizations. At a time when there were no computer systems installed in those Bankshe took initiative and conducted IT training programs for the entire staff of NDB in 1987 and Merchant Bank of Sri Lanka in 1990 to educate them in IT. This initiative which laid the foundation for computerization of those institutions is still remembered by the past employees of those organizations.
With experiences earned through this process, vitality of the professional support from a good local software house to be established along with human resource development for the IT sector was identified by him.That was the beginning of raising seed capital for the formation of new enterprise OpenArc in 1991 and the long journey of last 23 years of OpenArc.At present, OpenArc is the only entity in Sri Lanka having a leading software company and an IT Campus under one roof. In recognition of the quality delivery, this year University of Moratuwa selected OpenArc School as an exclusive partner to deliver BIT external degree of the Moratuwa University.
With the systems knowledge gathered through his Engineering, Banking and IT careers he was able to conceptualize many industry leading software products with local and global presence. In this process the company has provided import substitution of foreign software that very often flowing in to the country due to lack of local entrepreneurship in the software products development arena in Sri Lanka.
In 2012 he successfully launched a private placement of company shares and attracted Japanese direct foreign investment of Rs. 358 million to the company through which process he diluted 19% stake to Japanese investors.
The OpenArc School that was formed in 1995 with the intention of generating its own OpenArc cultured Software Engineers has added more than 2000 IT professionals to the nation through professional education programmes conducted by them during last two decades.
OpenArc ‘Navodaya’ free education programme introduced by OpenArc in 2007 offers 25 BIT degree scholarships every year. It is a four year 100% free education and employment programme that has produced many world class software engineers in the past. The school children who don’t get university entrance at the Advance Level but win these scholarships have at the end won First class degrees in IT from the University of Colombo. They earn solid 3 years of software development experience at the time of graduation which is again a unique system of producing most practical and productive software engineers to the industry.
Today he is leading OpenArc Group as the Founder/Chairman, which combines OpenArc Systems, a leading computer software development firm, OpenArc School, a leading IT School and OpenArc Engineering Solutions, a new Green Technology Solution company in Sri Lanka.
OpenArc Systems with 150 professional software developers is engaged in state-of-the-art systems development work helping the entire group to build on strong IT backbone. Today the company, OpenArc Systems Management is a CMMI Level 3 quality certified company having a clear leadership in Banking & Finance software market in Sri Lanka.
With his long-term vision in producing a truly Sri Lankan, next generation core banking software solutionon an open technology platform combined with mobile payments and internet banking he invites the banking community to support his national endeavors. This country has so much of Banking & Finance expertise. The country has produced so much of world class software engineers, computer scientists who serve other countries around the world. Why can’t we combine these talents and efforts to produce a total common solution for all Sri Lankan banks and finance companies that spend billions of rupees every year for foreign software? It has been a usual question asked by Daya Hettiarachchi who needs support from the authorities such as Central Bankand Lanka Clear as well to accomplish his long-term goals.
Wednesday, 10 September 2014
The annual blood donation camp was held at the OpenArc Campus premises on the 10th of September 2014 in lieu of Founder’s Day of OpenArc and the birthday of Mr. Daya Hettiarachchi, CEO/Chairman of OpenArc System Management.
The blood donation camp took place at 9.00 A.M. followed by a buffet lunch for members of OpenArc and attendees of the Blood Bank. Refreshments were also provided by OpenArc for all participants of the campaign.
Saturday, 16 August 2014
The cricket match organized by the IDSD 4 students took off on the 16th of August 2014. Members of OpenArc Systems and students alike participated in this fun filled event. All the attendees and players had a time of their lives.
Thursday, 20 March 2014
Wednesday, 05 February 2014
Softlogic Finance(www. softlogicfinance.lk) – one of the fastest growing finance houses, a subsidiary of Softlogic Group in Sri Lanka, entered in to a software agreement with OpenArc (www.openarc.lk), a market leader in the banking and finance software sector to implement “SkyBank Banking & Finance” software solution to fully computerize the company’s operations.