THIRUVANANTHAPURAM, INDIA: UST Global has strengthened and deepened its talent workforce in US, Asia, India, Europe and Latin America by making four key acquisitions such as this year and investing aggressively in strategic partnerships and disruptive technologies.
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"2014 has been a marquee year for us thus far and we have focused our evolution and growth around three key factors: disruptive technologies, strategic expansion and the talent to support these initiatives" said Saurabh Ranjan, MD for global operations, UST Global.
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To this end, UST Global has acquired four new companies in the past six months. Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies. Together these acquisitions help UST create and innovate strategic services and solutions for current and future clients.
In addition to those acquisitions, UST Global has made six investments in technology companies such as Moonraft, a design firm that seeks to differentiate the customer experience by blending design, art and technology; Kuboo, a child-friendly social network and gaming platform and 1-Page, a solution changing the way companies hire and filter resumes.
Along with these, UST Global entered a strategic partnership with early-stage venture capital firm, Blumberg Capital. With this investment, UST Global will provide tech expertise and investments to Blumberg Capital portfolio companies. With these investments, UST Global strives to widen their global footprint, and broaden their range of services for clients.
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In services, UST Global has made significant investments in digital, big data and advanced analytics technologies. Its investment in California-based data analytics firm Abzooba provides access to top talent in the analytics world. Along these lines, UST Global invested in Third Eye Systems, a big data company that provides actionable insights to companies through 'Expert Systems' and solutions tailored towards specific organizational problems.
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In addition to these investments and acquisitions, UST Global opened its first delivery center in Shanghai, China and plans to rapidly house over 1,000 employees.