Cycloides sets up office in Technopark, offers 100 IT jobs

Vinson Kurian Thiruvananthapuram | Updated on January 12, 2018 Published on May 31, 2017

Cycloides Technologies, a subsidiary of Canada-based Cycloides Inc., an enterprise and high-end total solutions provider, will commence operations from the Yamuna building at Technopark campus.

The company has already signed up with Technopark for 4,500 sq ft of a ‘warm shell’ and has created a modern space at the Phase III SEZ Campus here.

‘Warm shell’

A warm shell is an empty but partially fitted out building and will have basic services such as lights, air-conditioning and water connected.

Cycloids has also obtained approval from the Development Commissioner, Special Economic Zone, for commencing operations.

The facility will be formally inaugurated tomorrow, AR Anil, founder and CEO, Cycloides, said.

The Technopark office is the company’s first global delivery centre functional outside Canada. The company plans to employ around 100 IT professionals.

Cycloides Inc. is a product and consulting services company and has developed a few products.

Multiple centres

It also offers technology consultancy services across industry verticals like gaming, industrial automation, Internet-of-Things, enterprise resource planning (ERP) and embedded systems.

It also has plans to set up multiple centres across the globe. “We are targeting a revenue of $100 million by 2020 and aim to generate $100,000 per resource per year,” said Anil.

“The parent company has major development plans chalked out for the India delivery centre here. We shall see a lot of expansion and growth in the coming years here, he added.”

Future plans

The company has plans to invest $3 million in infrastructure and to grow as a 1,000-employee company by 2020.

“Cycloides is the 48th company to be operational in Technopark Phase 3. With high-value companies signing in, we expect Technopark to move into the big league of top global IT destinations”, said Hrishikesh Nair, CEO of Kerala IT Parks.

Jaybe Winnick, Founder CEO, Tabcon, Toronto, Canada, and Marcelo, Director of Technology, Pebblekick, California, shared their experience with Cycloides.

Sreetha Anil, Vice-President, and Naushad Abdul Khader, Chief Operating Officer, Cycloides, were also present.

Published on May 31, 2017
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