The Hindu Business Line : Xoriant plans $12-m expansion

XORIANT Corporation, a service provider, plans to expand Indian operations with investments of about $10-12 million and induction of 1,000 people in three locations.

The Founder and Chief Executive Officer of Xoriant, Mr Girish Gaitonde, based in Silicon Valley and now on a visit to India, told Business Line that the company wanted to consolidate its operations in Mumbai, Bangalore and Pune. It is set to shortly move to a new centre in Powai, Mumbai.

Mr Gaitonde, an alumni of IIT Mumbai, said: "Xoriant offers enterprises flexible support services, including staffing, onsite and offsite development and offshore support. The recruitment in India would be across technology domains and would also include some non-technical people, who would provide information on trend analysis."

The company has notched up revenues of $30 million and expects to infuse funds from internal accruals mainly into the creation of infrastructure and manpower. From the present 200, Xoriant is set to induct about 1,000 people within 24 months to serve enterprises in the area of information management, set to be the next big wave after IT services and business process outsourcing.

Currently, operating in the Silicon Valley, California, and Edison, New Jersey, and the UK, Xoriant is expanding its services to other European nations. The company, whose clients include Tibco, Wal-Mart.com and semiconductor firms in Fortune 500, has invested about $3 million in India so far, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
CII talent hunt for IT students

Stake dilution for knowhow acquisition — Tata Tele in talks with SK Telecom

VSNL close to tying up S. Africa telecom deal — Completes acquisition of Tyco Global

TRAI relaxes quality benchmarks

TRAI calls for sops to boost rural telephony

iSoft doubles Chennai team

Congruent closes second US deal

HCL Tech to join Power.org

Satyam meet in Trinidad

Xoriant plans $12-m expansion