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US-based business and technology solutions provider AgreeYa Solutions will invest US$15 million in the country over the next three years and is looking out for major acquisitions
Chalking out its expansion plans in India, US-based business and technology solutions provider AgreeYa Solutions On Tuesday said it will invest US$15 million in the country over the next three years and is looking out for major acquisitions.
"Our India plan aims at achieving inorganic growth, which would focus on domain and technology expertise to enhance service delivery capability in the ERP segments, besides following the normal growth path," AgreeYa Solutions co-founder and managing partner Ajay Kaul told reporters here.
He said AgreeYa is currently in talks with 7-8 companies, which are in the SAP segment.
"The growth strategy for the company involves acquisition of medium-sized ERP (SAP) solutions. We are specifically looking at certain niche offerings around SAP applications and SMB marketplace needs," he added.
He said AgreeYa, which has also set up marketing offices in the Middle East and Europe, would invest about US$15 million in the next two-three years to support its future growth plans and increasing market needs.
The company has also set a target of reaching a topline US$100 million by 2007-08 from the current turnover of US$25 million.
The company started its India operations in 1999 and has a Global Delivery Centre at Noida, which provides solutions to MNCs and Indian corporate houses with core focus on verticals like banking and finance, public utilities, healthcare and telecom.
"We also have plans to invest close to US$2 million to set up a second delivery centre and marketing office at Bangalore, which should be operational by the year end," Kaul said.
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