AgreeYa Solutions in expansion mode

NEW DELHI: AgreeYa Solutions, the Indian founded California-based Business and
Technology Solutions company today announced plans to expand operations and
market penetration in India with target of reaching $100 million by 2007-2008.



The Folsom, California headquartered AgreeYa Solutions in the past five years,
has shown impressive 400 per cent growth.



Ajay Kaul, founder and managing partner, AgreeYa said, “We are looking to invest
$15M over next 2-3 years to support our future growth plans and the growing
market needs. AgreeYa's decision to expand its operations is based on its
aggressive future growth plans and comes from their customer's significant needs
of value added services around their solutions to improve time to market,
quality, service levels, and total cost of ownership”.



The company already has its Global Delivery Centre (GDC) at Noida, a 250-person
facility, which serves as the back-end solutions development organization for
its overseas customers. It also provides solutions to top-end MNC's and Indian
corporate houses with core focus on verticals like Banking & Finance, Public
Utilities, Health Care, and Telecom.



Among the outlined plans is the opening of a second delivery
center-cum-marketing office at Bangalore.



“As we expand our India sales operations we expect significant portion of the
business coming from this region. Bangalore is hub for talent in emerging
technologies. This will facilitate AgreeYa in effectively servicing the
customers in this region and global delivery,” said Arun Sinha, managing
director, AgreeYa India.



The other growth strategies come from scouting for acquisition of a medium size
ERP (SAP) solutions.



Kaul, added, “With expertise around SAP (migration and support) in AgreeYa US
and need of similar solutions in the Middle-East markets, we need to build our
capability in India. We are specifically looking at certain niche offerings
around SAP applications and SMB marketplace needs”.



To support its growth plan and mitigate dependence on the US market, AgreeYa has
setup marketing offices in Middle-East and is looking to expand into UK.



While its focus so far in India has been as a delivery hub, AgreeYa now seeks to
expand its reach into the corporate market in the country with its products and
solutions.



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