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Jun 28, 2007, 06.13 PM IST
Fulcrum Logic to expand operations in India. Announces 50m USD investment
US based Fulcrum Logic ( www.fulcrumlogic.com ), a leading global software solutions provider, announced its India expansion plans. The company is set to increase its headcount in its Mumbai and Pune facilities from 400 to 1200 in the first phase, and reaching 4500 in five years. The company plans to invest about 50m USD over a five year span, with about 10m USD in the first phase, and about 40m USD in the second phase. With a current sales revenue of 25m USD, the company expects to reach a turnover of close to 150mUSD within five years.
Government of India has recognized the growth plans and value proposition offered by Fulcrum Logic, thus allotted a land to set up a global knowledge campus to in the new upcoming Rajiv Gandhi Infotech Park, SEZ complex at Hinjewadi - Phase III, Pune. Fulcrum Logic will utilize this land for building its grand and ultra modern, eco-friendly campus with every facility to provide a productive and conducive work environment to its employees. The campus is to accommodate around 1, 500 employees with ultra modern amenities.
Mr. Rajesh Sinha – President and CEO – Fulcrum Logic, "Being an end to end solutions provider, customers in US and Europe are realizing the unique combination we provide in terms of IT, Business and Management Consulting, coupled with global delivery framework, and this has helped us emerge as an alternative to the big six consulting firms in the mid size market."
With the global headquarters in Short Hills, New Jersey, Fulcrum Logic has technology development centers in the east and west coast of US. The company has been able to successfully expand to European markets through its presence in London, UK and Dublin, Ireland, and now plans to target customers in Germany, France, Belgium and Italy.
Fulcrum Logic will be creating customers dedicated development unit in their upcoming campus of Hinjewadi. Leading office automation company from New Jersey has awarded a three year contract for 9 million dollars. Fulcurm's websphere portal practice has booked order value of 12 million dollar from California based customers to be delivered in the next 3 years..
Fulcrum Logic has expanded geographically to tap the growth markets all around the world by competing with the local majors in the respective territories. The vast skilled resources in India have attracted Fulcrum Logic to have a strategic presence at the offshore development centers in Mumbai and Pune. In a unique value proposition Fulcrum has emerged with Agile methodology and Hybrid model blended in the global delivery practice. As a mid sized onsite centric software company, Fulcrum understand customers business challenges and build scalable solution that increases the ROI.
Sourced From: Prognosys Perception Management
May 25 2013, 16:36
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May 25 2013, 16:36
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