Ex-GlobalLogic founders to start angel fund, Rajul Garg to run India operations

Ex-GlobalLogic founders to start angel fund, Rajul Garg to run India operations

Other News/ PR, Outsourcing News/ PR
Months after selling their stake in IT outsourcing firm GlobalLogic, founders Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay are all set to launch their angel fund. In October 2013 the four exited GlobalLogic after they sold their stake to private equity major Apax Partners. "We, the former founding team, are in the process of announcing an angel fund. We are already involved in a few startups in our personal capacities but till now all our efforts were very informal in nature. We are formalizing this effort and will come up with an early stage fund. The fund would be focused in making investment in India and the US in sectors like education, healthcare and outsourcing. These are the sectors that we know," Singh told ET.com. Singh says they…
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BPO firm Hinduja Global Services sets $1 billion revenue target

BPO firm Hinduja Global Services sets $1 billion revenue target

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MUMBAI: Business process outsourcing company Hinduja Global Services expects to reach $1 billion (Rs 6,200 crore) in revenue in the next three years, as its core BPO business expands, helped by the US healthcare overhaul and expansion into new verticals such as Indian e-commerce and elearning. Part of the Hinduja Group, the company was first called Ashok Leyland Information Technology before it was merged with Hinduja Finance Corporation to form HGS."We are growing at above 20%. If things go well, in three years we could cross $1 billion. We'll be about $420 million this year. We would have to double, which we've done," CEO Partha De Sarkar told ET.The company doubled its top line from Rs 1,000 crore at the end of 2011 to about Rs 2,000 crore at the…
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IT outsourcing spending may go up in 2014

IT outsourcing spending may go up in 2014

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MUMBAI: Early indications are that 2014 will see an acceleration in spending on information technology outsourcing, which should be visible in the deal wins and commentary as Infosys kicks off the fiscal third-quarter earnings season on Friday. Most industry executives are gearing up for a pickup in discretionary projects as well, in the quarters to come, which are good-to-have but not vital to day-to-day operations. "The demand environment will be solid, and discretionary spending particularly in the area of digital transformation," said Ganesh Natarajan, CEO of Punebased Zensar Technologies."I expect investments in cloud, mobility, analytics and big data to substantially accelerate in 2014 and beyond," he said. Spending on discretionary projects is a good indicator of demand."We are bullish on the IT services sector, demand remains good in the US…
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