Mobile value added service provider Commviva, in which Bharti Enterprises holds stake, is targeting $200 million revenue in the next three years ending 2013.
"We have been growing our top line revenue at 30 per cent ... Our strategic goal is to achieve $200 million revenue in three years time (starting from 2010-11) and to get there we would take both organic and inorganic route," Sangeet Chowfla, Executive Vice-President, Commviva (formerly Bharti Telesoft) told PTI.
He did not disclose the current revenue of the company but said it is on track to achieve that.
Chowfla said the company is looking at acquisitions as a strategic fit.
"We are looking at acquisitions... For strategic fit in terms of three functions — products and geographies, line extensions. We probably will be in a position to make some kind of an acquisition in next 12 months," he added.
Commviva, in which Sequioia Capital and Cisco also hold stakes, is targeting the Latin American market for further growth after South-East Asia, Middle East and Africa.
"We are positioning ourselves on the fast growing markets — strong in South East Asia. By the end of this quarter, we will set up an office for marketing and customer support in Latin America in Miami. For more penetration in South East Asia, we have just set up an office in Bangkok," Chowfla added.
