Global Consultants invests in Planetasia

BANGALORE: Planetasia, a Microland Group company has announced that New Jersey based Global Consultants, Inc. (GCI), one of the fastest growing IT services and solutions companies in the US, has invested in the company. Planetasia also announced that Microland has sold a part of its holding in Planetasia thereby making GCI the largest shareholder in Planetasia. All other investors including Pradeep Kar continue to be shareholders in the company.

The synergies between the two companies will result in several combined offerings to the market and provide unique value to existing and prospective clients. Amongst the first of the initiatives is a BESTSHORE global delivery model (GDM) that has several unique features not found in the traditional offerings by current vendors.

Planetasia will continue to work with its existing clients, and will now be able to offer its customers a new set of services by leveraging GCI's capabilities.

GCI caters to Fortune 500 companies in the US. Planetasia's current management will continue to run the company given its depth and strength and the company expects to see significant growth in business and consequent job additions due to increased business in the future.

"GCI's investment provides Planetasia with a huge opportunity in terms of client access, size and scalability to go after large deals with an experienced sales team in the US market," said, Pradeep Kar, Chairman, Planetasia. "We will actively address the less tapped mid market companies in specific vertical segments. We see this market segment as holding tremendous business potential for us."

"GCI has always had a customer centric approach to business and consistently enhanced its engagements and offerings to clients. With this investment, we expand the suite of service offerings and also give our customers access to a truly global resource pool," said Hiten Patel, Chairman & CEO, GCI. "Our customers can now leverage an entire spectrum of services including onsite consulting, onsite/ offsite fixed price projects and offshore services."

"This is a very exciting development given the tremendous synergies between the two companies and the potential to bring significant value to our clients. Planetasia has always represented innovation and value to its client base. We can now offer a much wider range of services including onsite and proximity capabilities, domain knowledge in specific verticals and technology enrichment," said Jawahar Bekay, CEO, Planetasia. "This partnership will help in providing strategic business impact, cost reduction, and quality improvement to our clients."

Planetasia, currently focuses on mid market enterprises in the web Online, ISV, Manufacturing/Retail and Media/Publishing sectors, and will now also deliver and execute solutions and services to Fortune 500 companies in the Telecom and BFSI segments thus positioning it for rapid growth in the future.