AbsolutData to set up centre in Bangalore

US-headquartered analytics & research firm AbsolutData is planning to open its business delivery centre in Bangalore in the next two months, a senior company official told Deccan Herald.

AbsolutData Chief Operating officer Sundar Ramaswamy said, “Bangalore is becoming an increasingly important centre for us and as many employees come from the city, it's justified to open a centre there.”

Ramaswamy said that they are also going to open their Dubai office shortly and it would be operational in the second quarter of 2013.

“We have set up centre in UK last month as we want to venture into the European market and with the Dubai office, we would tap opportunities in the Middle East,” Ramaswamy added.

The company recently received $20 million funding from Fidelity Growth Partners India in August. At present, it has 330 employees worldwide and plans to add another 200 by the end of 2013.

“Most of our business – 95 per cent – come from the US and we want to explore other continents also,” he added.

The company hires from IITs in the country, from tier 2 management institutions and also from specialised marketing-focused schools.

When asked about opportunities in the Indian analytics space, Ramaswamy sounded optimistic and said that even if larger companies like IBM, TCS, Infosys and others exist, the field is vast enough for other smaller firms.

Founded in 2001 by Anil Kaul, Sudeshna Datta and Suhale Kapoor who come with experience at McKinsey, Mitsubishi, Kraft and Pfizer, it currently has offices in San Francisco, Los Angeles, New York, Chicago, London and Gurgaon.

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