Business Daily from THE HINDU group of publications
Tuesday, Oct 21, 2008
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Business Daily from THE HINDU group of publications Tuesday, Oct 21, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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New Projects Industry & Economy - Human Resources States - Andhra Pradesh LiquidHub proposes facility in Hyderabad Our Bureau Hyderabad, Oct. 17 LiquidHub Inc is planning to develop its own campus in Hyderabad over the next couple of years. It would help the company expand its export-oriented operations and serve the West Asian market from India. The Philadelphia-based company is a systems integrator and technology consultancy, delivering applications, data, and infrastructure solutions. The company partners with clients in life sciences, pharmaceutical, healthcare, insurance and financial services. The company has 150 employees located at its global delivery centre in Hyderabad out of a total employee base of 550. Revenue outlookAddressing a press conference here on Friday, Mr Jonathan Brassington, Partner and Chief Executive Officer, LiquidHub Inc, said, “By 2010, we expect revenues of the company to be between $150 and $200 million. “By that time, we intend to have around 1,000 employees in India, so that is why we are looking at having our own facility here.” He added that the company is initially looking at moving into an existing special economic zone (SEZ) and later build its own campus. LiquidHub, for the current year, expects its revenues to touch $60 million. Eye on M&AMr Brassington also said that the company is looking at cashing in on the global economic downturn to look out for mergers and acquisitions. “The ticket size that we are looking at is a company in the $15 million-35-million category. The process started in the beginning of 2008 and the geographies include the US, Europe and emerging market economies such as Dubai,” he said. More Stories on : New Projects | Human Resources | Andhra Pradesh
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