The Hindu Business Line : Integra to acquire 2 e-publishing cos

Puducherry-based content process outsourcing firm Integra Software Services plans to acquire two foreign companies in the e-publishing space in the current year.

According to Mr Sriram Subramanya, Founder, Managing Director and Chief Executive Officer of the company, the deals are under process and post acquisition, Integra will be able to offer end-to-end services. Without disclosing the names of the line of business that the to-be-acquired companies operate in, he said, “they will bring in new customers that we would not have been able to obtain on our current expertise.”

Integra offers a range of solutions from keyboarding, type setting to high-end services such as project management and editorial content development. It is planning to invest about $15 million (Rs 60 crore) in the proposed acquisitions and setting up two new offices in Tamil Nadu. “We are looking for SEZ space in tier-II and tier-III cities,” Mr Subramanya told Business Line on the sidelines of an e-publishing conference, organised here by the Confederation of Indian Industry (CII).

Funds will be raised through a combination of internal accruals and debt and if necessary, private equity infusion, he added. Bearing Private Equity is a major investor in the company.

Headcount

Including the acquisitions, Integra would add about 500 people to its 1,000 strong employee base this year. The company runs a captive training school to train all the freshers it hires. The company’s revenues are expected to touch $10 million (Rs 40 crore) this year.

About 55 per cent of this would come from North America and the rest from Europe. The company will expand its presence to Australia this year and also look at niche markets in Europe. “We want to tap the French and German language content market,” Mr Subramanya said. Integra has offices in Puducherry, Chennai and US (through an acquisition in the past).

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