| Chennai: January 16, 2008: Quintegra Solutions Limited, a multi-skilled software service provider with a global presence, has announced the launch of its Knowledge Process Outsourcing (KPO) Services with an initial investment of Rs. 27 crores to start with. The company plans to hire about 170 to 200 highly skilled manpower by the end of March 2008, in addition to its own knowledge pool, which will mark the beginning of the new facility to be housed in the new office premises. |
| The company plans to provide KPO services to industries like telecommunication, healthcare and BSFI to begin with. The Company enjoys strong foothold with the clients in BFSI, Telecom, Healthcare in US market, which will continue to be the target for the new segment to start with. Later, the Company would expand the services to clients at Europe in the first quarter of Next financial year 2008-09 |
| "With 13 years of successful execution of software services, our team is well positioned to spill the accumulated experience and knowledge to perform in the KPO space ", said Mr. Vaidyanathan Shankarraman , Chairman and CEO, Quintegra Solutions Ltd. |
| The new venture is expected to add revenue of $ 20 mn by FY09 and targets to achieve $ 100 mn by FY11. |
| About Quintegra Solutions Ltd |
| Founded in 1994, Quintegra is a value-based IT solutions provider with more than a decade's experience in servicing verticals like telecom, BFSI, healthcare, education and aerospace in the area of application development, maintenance, production support, product reengineering, testing & validation, life cycle management and product implementations of SAP, oracle etc. Company also offers hi-end consulting; consequent to acquisition of Virginia based PA Corporation. Quintegra offers above services through its 15 offices across the globe. |
| Inorganic growth through strategic acquisitions was also pursued vigorously in the last two years. In 2007, Quintegra acquired two overseas companies, namely the Valleyus, PA Corporation, for a value of $ 45 mn and product and businesses from Jadelite Technologies, Singapore. |
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