Intelligroup, which was recently been acquired by NTT DATA of Japan, is scouting for acquisitions in the area of Business Intelligence (BI), infrastructure management and testing.

“We are looking for companies with a price tag of $30-50 million and would like to restrict to companies based in the US and India where we have significant presence. We would like to buy a firm in a terrain familiar to us,” Mr Vikram Gulati, Chief Executive Officer of Intelligroup, told Business Line .

The company expected to seal a deal by the end of the year. The Japanese IT services major acquired Intelli, with majority of its 2,500 employees working out of its facilities in Hyderabad and Bangalore, for $199 million in 2010. “Though we were acquired, we are allowed to work independently and chalk out our growth plans,” he said.

Expansion

As it planned for inorganic growth, the company had begun organic growth by expanding its facilities in India. “We are opening a 300-seater facility at the DLF Special Economic Zone by February 2011 end. We are evaluating a plan to set up a facility with similar size in Pune that is known for skills in ERP (enterprise resource planning),” he said.

Globally, the company had recently opened an office in Munich (Germany). “Our next stop would be in APAC (Asia-Pacific) region,” he said.

On the acquisition by NTT DATA, he said the move helped the company to reach out to geographies and verticals that would not have been possible for it to get access to.

“We are strong in infrastructure management services. But we never had any hosting facilities. But NTT DATA has six hosting centres in the US that we are able to package to our customers,” he said.

Using the strong network of its parent company, Intelligroup, which registered a turnover of $145 million, targeted to double its revenues to $300 million in three years.

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