Indigo had revenues of approximately $20 million in fiscal 2018. The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof Ltd, a UK-based digital experience firm to build its digital services business.
“The company will acquire the entire share capital of Indigo Slate… (The cost of acquisition is) approximately USD 18 million and deferred payments subject to meeting the performance targets over the 36 months post-closing,” Zensar said in a regulatory filing.
Sandeep Kishore said that Zensar would continue to hire including the freshers as demand environment looks robust. “We added around 1000 people over the past two years while gross hiring last year was almost 3000. This year, we plan to hire 1000 freshers,” said Kishore.
As cities become more connected, data-driven and digital, investments in more efficient and effective technologies help solve challenges that many major cities face…
Indian technology firm Zensar picked Durham over competing sites in Georgia, Texas, Indiana and California for its first North American customer delivery center.
“North America is our biggest region and we are focused on making intense investments in this region,” stated Sandeep Kishore, CEO and Managing Director of Zensar.
“Some of our important customers are located in the vicinity, making the RTP a perfect location for our first nearshore customer delivery center here. We are committed to investing in building local talent that will strengthen our customer offerings. The facility will deliver on our business services, making us trusted partners to our customers,” said Sandeep Kishore, CEO and Managing Director of Zensar.
Durham Mayor Steve Schewel said, “We are excited to have Zensar join the growing group of technology companies setting up operations in the RTP. Our facilities, coupled with the convenient location allows enterprises to harness local talent as well as leverage the benefits of operational excellence. We wish Zensar the best and hope to work with them closely.”
“Digital business grew 35 percent year-on-year and will continue to grow to the north of 20 percent,” Sandeep Kishore, managing director of the company, told BloombergQuint in a post-earnings interaction. Going ahead, the company will continue to invest in the digital segment, resulting in margin expansion,” he said.
“FY18 has seen Zensar achieve new milestones as our digital business displayed consistent growth by growing 8.2 per cent sequentially and 34.6 per cent yearly… The most recent quarter has seen our digital services at its highest… We have added some key logos across all our services,” Zensar Technologies CEO and MD Sandeep Kishore said.
“Cynosure is an integral part of our return-to-digital strategy,” Sandeep Kishore, CEO and MD, Zensar, told BusinessLine. “Insurance is 15 percent of our business, and this acquisition will help us grow it,” he added.
Zensar TechnologiesBSE 0.43 % is banking on its dedicated lab or research and development (R&D) centre to remain competitive in key digital technology areas such as artificial intelligence (AI), machine learning, blockchain and server-less computing.
At a time when most Indian technology services companies are rapidly expanding their digital portfolio to offer next generation technologies to global clients, midsize IT services company Zensar Technologies is gearing up for another level, expecting its investments in platforms and solutions to play a major role.
“We took a conscious decision to prune our list of clients wherever we didn’t see a strategic fit,” Zensar CEO Sandeep Kishore said.
“Digital is already mainstream. The tipping point will be when we see $7-10 million deal coming in. It will be then mainstream at scale.”