The Hindu : Andhra Pradesh / Hyderabad News : NetEnrich in expansion mode

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Thursday, Jun 11, 2009
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Andhra Pradesh

Andhra Pradesh - Hyderabad

NetEnrich in expansion mode

HYDERABAD: NetEnrich, a leading provider of IT as a service, has announced plans for rapid expansion of its operations in India.

The company, presently working from Hyderabad with 170 certified professionals, is contemplating to increase the headcount to 1,000 in phases involving an investment of US $ 35 million including US $ 25 million recurring expenses for its operations here. The company is planning to open another facility in the State in the next couple of months, according to NetEnrich chief technology officer Varma Kunaparaju.

Speaking to reporters here on Tuesday, he said the company had developed remote infrastructure management technology with an estimated US $ 9 million which had several features including need-based access systems addressing the security related concerns of customers.

The technology offered by the company was better compared to competitors as it would allow customers to create their own managed service provider practice.Replying to queries, he said NetEnrich focussed on “right and functional sourcing”, not outsourcing, that enabled customers to deploy their resources in core businesses. It had a right mix of people, technology and processes and the company was targeting to expand operations to mid size companies in the range of US $ 50 million to US $ 2 billion.

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Andhra Pradesh