HTC Global Services is planning to recruit up to 3,000 techies in India in the coming two years as part of taking its revenue target to $1 billion by the end of 2020. The US-based IT services company has a strong employee base across its development centres in Chennai, Hyderabad, and Bengaluru. The company represents a workforce of nearly 11,000 employees globally including Ciber and CareTech, which was acquired in 2017 and 2014.
HTC, which acquired Ciber, an IT consulting firm, for $93 million in 2017, said post integration with the company it has a larger base of clients. The company is looking to increase its share of automation-led services to achieve faster growth.
As a mid-sized IT services firm, HTC is competing with larger global firms such as IBM, Capgemini and Accenture to leverage offshore resources in India, as they struggle to find talent that works in newer areas such as digital and cloud.
“Customers are looking for better value resulting in an increased demand for talent with domain knowledge. We are finalising hiring numbers, and it will not be less than 2,000-3,000 people by 2020 for India,” said Chary Mudumby, CTO, HTC Global Services to a leading daily.
Mudumby further added that they are trying to bring in talent from the educational institutions because the current market demand for emerging technology is more.
Emerging Technologies To Boost Company’s Prospects:
- Companies such as HTC and others have seen a disruption in their business model as clients in the US, and other markets are now demanding more digital technology-led delivery. HTC is eyeing to increase its share of automation-led services to rev up its growth globally.
- In September 2018, HTC Global Services India and Automation Anywhere, a developer of robotic process automation software based in California, inked a pact to further boost HTC’s RPA (robotic process automation) services, by building BOT-based industry-specific solutions with cognitive abilities.
- In September 2017, the IT and ITeS firm had acquired Ciber Inc, a US-based global information technology consulting services and outsourcing company, for about $93 million.
- In 2014, HTC Global acquired CareTech Solutions to expand its footprint in the healthcare industry.
- According to Madhava Reddy (President and CEO), HTC Global services, the acquisition of Ciber would add over 3,500 employees to its operations globally. The company is also confident of achieving their target of $ 1 billion in revenue by 2020 by the acquisition of CareTech & Ciber.
- The company is also set to acquire another 5,000 employees by the year 2020. The combined strength of both the companies will help HTC Global to offer customers a comprehensive set of services and fulfil an integral part of material growth across a range of industry sectors.
- Reddy further added that all these subsequent buyouts will help HTC Global in expanding different parts of US also. The latest acquisitions will also boost the organisation’s ability to deliver exceptional customer service and gain deep expertise in cutting edge technologies. The addition of Cibers workforce will further propel the company’s growth into the marketplace.
According to the company’s statement, it is now using automation and predictive analytics to bring down the need for support in application development and services for a client’s business. It is looking at an environment wherein they won’t have to invest much in support as there is a demand for better value and also its customers are looking to invest lesser in support as there is no pricing pressure too.
“Customers of HTC and Ciber have experienced the positive benefits of the acquisition and integration and the capabilities have doubled,” said Mudumby, CTO, HTC Global Services to a leading daily.
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Martin F.R. works as a Technology Journalist at Analytics India Magazine. He usually likes to write detail-oriented articles which are well-researched in articulated formats. Other than covering updates on analytics, artificial intelligence & data science, his interests also include covering politics, economics, finance, consumer electronics, global affairs and issues regarding public policy matters. When not writing any articles, he usually delves into reading biographies of successful entrepreneurs or experiments with his new culinary ideas.