| The company also plans to increase its client portfolio to 100 besides expanding its operations to nine countries during the same period. |
| Thatavarti Technologies is likely to close a deal with Newark-based VenSoft, an IT services company, which is looking at investing between $ 0.75 million and $1 million into the company for equity stake. |
| Addressing a press conference, T V Radha Krishna, chief executive officer of Thatavarti Technologies, said, "Today, we have nine clients like Polaris, Computer Sciences Corporation, iGate, General Electric and Wipro. We are looking at taking this number to 100 by December 2007." |
| "We will also be expanding our operations to nine countries including the US, UK, Canada and Japan during the same period. We are likely to expand through joint venture, merger or mutually-beneficial agreement route," Krishna said, adding that they are already in talks with a few companies abroad. |
| Krishna, however, did not divulge the equity stake that VenSoft is looking at. |
| "This apart, we are also in talks with companies like Satyam Computer Services Limited, TCS and Infosys for providing our services to them. At present, these companies do software testing in-house," Krishna said. The company is also planning to increase its employee-strength to 1,000 by the end of 2007 from the present 65. |
| "The worldwide testing market is estimated to be $13 billion with the global outsourcing testing market opportunity being $4.5 billion. Indian companies in this sector can look at tapping a market of around $ 2.5 billion this year," he added. |
| "Right now, the 10 Indian companies that are in this sector have just around 400 resources with 88 per cent of the total testing engineers being from our state. There is, therefore, great potential of growth in this sector," Krishna said. |
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