App development outsourcing: interview with Sourcebits CEO Rohit Singal

As technology has advanced, developing games and applications has become increasingly complex. As a result of this, developing an application or a game requires an immense amount of time, money and development know-how. For some companies and individuals it just isn't feasible to build a program from the ground up. Cue Sourcebits, a team of expert graphic designers, coders and project managers who'll make the game or application you've envisioned. All you need is and idea and the developing ninjas will get to work creating it.

But those who hire Sourcebits for the projects outsource work to another company; they also outsource their project to another country as well. Founded with three people within a garage in Bangalore, India, Sourcebits has grown into a team of more than 120 people.

India is quickly becoming one of the world’s fastest growing Information Technology (IT) markets and its share of the global software market is set to increase threefold by 2015 according to a recent report by India's National Association of Software and Services Companies (NASSCOM). The NASSCOM report indicates that “the next decade will be a period of disruptive growth for this segment,” and that the annual revenue aggregate of Indian software product businesses will grow from $1 Billion in 2008 to $9.5 Billion by 2015.

As you might imagine, this kind of development hasn't sprung up over night and Sourcebits has an intriguing story to tell. How do you go from being a radiologist to becoming the CEO of a highly profitable App development company? Where is this kind of development going? What's their take on outsourcing? What does this new business plan mean for the IT industry as a whole?

You can find the answers to those questions and more after the break!