Business Daily from THE HINDU group of publications
Thursday, Sep 13, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Sep 13, 2007 ePaper |
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Info-Tech
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Outlook Trianz eyeing US buys Our Bureau Bangalore Sept 12 Management consulting and technology services firm Trianz is eyeing acquisitions in the US to boost its revenues and enhance skill sets and client base. “We are currently in talks with a couple of target firms with revenues of $15-20 million in the US and hope to close a deal by the end of this financial year,” said the Trianz Chief Financial Officer, Mr Ganesh Venkataram. Trianz is looking at companies in the areas of product engineering, enterprise applications and niche consulting, Mr Venkataram said. Early this year, Trianz raised $14 million from New York Life Investment Management India Fund, which it expects to use to fund the acquisitions. It is looking to expand its presence by tapping new geographies and service segments in the US, Europe, India and the Asia Pacific region through both organic and inorganic routes. Trianz, which clocked a revenue of over Rs 200 crore last year, is targeting revenues of Rs 300 crore in the current year. More Stories on : Outlook | Mergers & Acquisitions | Software
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