CIOL:Enzen Global eyes inorganic buys

Priya Padmanabhan

BANGALORE: Bangalore-based consulting and product engineering company, Enzen Global is on the lookout for potential companies that could bring in domain expertise to the company’s business segments.

The six-month-old company provides solution consulting to verticals like utilities, energy, health care and financial industry.

Satheesh Kumar, CEO of Enzen said that the company is scouting for inorganic acquisitions in the energy and utilities sector in India and Europe. Speaking to CyberMedia News on the company’s focus, Kumar said the company is not in the same play as the major Indian IT service providers that are in the scale and low-cost game.

“Consulting is a different ball game. The challenge here is move from a listening role to one of participation by providing solutions to solve their business problems and not mere technology expertise.”

He anticipates a great demand for consultants and high-end SIs in five to six years’ time. “In the IT services sphere, competition is increasing and countries like China and the Eastern Europe region are in catch-up mode. In such a scenario, companies would need to have different positioning.”

Enzen plans to have 85 employees at a new knowledge center in Bangalore in Q2. The company will open a 50-member center in Hyderabad that would look at solution architecture services and product engineering by the year-end. An overseas center was recently started in the UK.

The company hopes to grow its total headcount to 300 in a few years.

While Enzen handles the consulting part of an engagement, it has tied up with IT services firms like Zensar Technologies to take care of services. The company also has two major tie-ups -with ESP (Environmental Software Providers), and a Dutch company called Closed Gap for power solutions. The latter plans to provide billing solutions to power distribution companies based on the Software-as-a-Service model. Enzen would also market, sell and deploy ESP’s solutions to Indian clients.

Kumar is confident of touching the $5 million revenue mark this fiscal and expects $25 million next year, with the aid of some acquisitions.

© CyberMedia News

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