US company plans to expand India profile

Source: livemint.com

Headstrong Corp. plans to add back-office support, analytic business process and infrastructure management services to its portfolio through acquisitions or by setting up divisions internally
Posted: Sun, Nov 25 2007. 11:18 PM IST

US-based mid-sized technology consulting and services firm Headstrong Corp., that has two offshore development centres in India, plans to add back-office support, high-end analytic business process and infrastructure management services to its portfolio of offerings through acquisitions or by setting up divisions internally.

“BPO, KPO, production support, quality assurance and remote infrastructure management are some areas we can add. That will enable us to provide end-to-end solutions to our clients,” said Arjun Malhotra, chief executive officer and chairman of Headstrong, which is headquartered in Fairfax, Virginia. BPO is short for business process outsourcing and KPO refers to knowledge process outsourcing.

The move into these new business areas is part of global and Indian expansion plans of the company, which has revenues of around $200 million or nearly Rs800 crore, today. Headstrong currently focuses on financial services such as marketplaces, credit derivatives, mortgages, securities financing and wealth management. It also offers services to clients in the public sector, high technology and industries such as retail, health care and transportation.

The firm aims to increase revenues to between $500 million and $550 million in three years and has kept aside up to $150 million for buyouts in the period.



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