E4E Eyes $100 million revenues in 3 yrs

Bangalore
The Economic Times (Bangalore edition)
E4E, the US-headquartered mid-tier IT and back office services firm plans to achieve $100 million in revenues over the next three years. The company expects to grow at around 25-35% over the next few years by beefing up its sales and marketing team and even exploring outsourcing opportunities in the Indian market. The company plans to target medium sized companies in US with revenue of $0.5 billion to $5 billion for outsourcing contracts.

“Besides growing revenue, we also expect to achieve industry level profitability,” Bhaskar Menon, CEO, E4E said. The company offers managed services, infrastructure management and testing to customers across the segments of healthcare, gaming and technology. While he declined to provide details about the company’s current revenues, industry experts told ET on conditions of anonymity that E4E’s revenues stand at around $6-70 million.

“We would be now looking at entering into the Indian market with the same set of services,” Menon said. With around 2,300 professionals in India across the centres of Bangalore and Chennai, the company also plans to open more development centres depending upon the business.