Nihilent Tech sets up corporate HQ in Pune

PUNE: Nihilent Technologies, a global solutions integration services company,

has set up its corporate headquarters in Pune. Over the next one year, the

company has ambitious plans to expand its team to 500 skilled professionals and

also establish overseas offices in the UK and South Africa.

Speaking on the occasion, Nihilent president and CEO said that his company

would focus on ‘Strategic Management Responsibility’ (SRM) and achieve

growth through delivery of innovative, integrated business solutions

incorporating emerging technologies all the way through business critical

support.

"Pune has a lot of intellectual capital and has the potential to become

a global IT hotbed," he said. "While our growth will be derived

through delivery of innovative business solutions that give an advantage to our

customer, we will also be looking at acquisitions, fitting into the company’s

big picture for the future," Singh said. Nihilent will service the banking

and financial sector and will soon expand to telecom, logistics, dotcoms and

utilities.

Singh explained that as more corporations deployed interactive systems, these

applications would evolve into business critical systems and back end systems,

making integration crucial. The confluence of new technologies and new business

models and their impact on business processes will make integration efforts much

more diverse and difficult to manage, he explained.

Nihilent will work with partners and quality processes to define a

collaborative syndication process, which will help deliver holistic solutions

and manage responsibility to their clients.

Apart from its existing operations in the UK and South Africa, the company

plans to establish offshore operations in USA and Australia. The 500-odd

professionals to be employed by Nihilent will be given a significant

shareholding in the company.

Nedcor, the second largest banking group in South Africa with a market cap of

US $5 billion, is financing Nihilent, which will see a total funding of US $10

million. Nihilent expects to break even next year and is preparing for an IPO in

a span of three years.