IT services firm SenecaGlobal plans to invest $5 million to expand India, US ops

The 40,000 square feet facility will support the first phase of SenecaGlobal’s expansion in the city of Hyderabad, Telangana.

Firstbiz March 25, 2015 15:10:40 IST
IT services firm SenecaGlobal plans to invest $5 million to expand India, US ops

SenecaGlobal, an information technology services company that services mid-market companies, plans to invest additional capital of $5 million over the next three years to support its business growth worldwide. This includes expansion of its technology team to support the growth in emerging areas such as enterprise mobility and big data analytics.

The 40,000 square feet facility will support the first phase of SenecaGlobal’s expansion in the city of Hyderabad, Telangana. 

IT services firm SenecaGlobal plans to invest 5 million to expand India US ops

SenecaGlobal India MD Rao Tummalapalli and CEO Ed Szofer

There are plans to expand beyond this facility in the coming years and increase the associate headcount to over 2,000 by the year 2020, the company said.

Founded in 2008, SenecaGlobal has grown steadily since its inception averaging a compounded annual growth rate of over 50 percent.  The company's market focus are mid-market enterprises implementing its 'SmartSourcing' delivery model.

"The India technology centre will continue to focus on development and delivery of high quality software solutions for our  mid-market clients globally.  We expect our newest service offering, enterprise mobility, to accelerate the growth of our operations in coming years," said Ed Szofer, president and CEO, SenecaGlobal.

Director of SenecaGlobal, Swaminathan Mani, said "SenecaGlobal is currently 100 percent owned by the founders and associates, and 100 percent of its returns have been reinvested in the business since inception. Additionally, we will be evaluating strategic business and financial options to accelerate our growth."

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