Dion Global Solutions eyes 25 pc topline growth in FY 11

Mumbai, Feb 2 (PTI) Soft solutions provider Dion GlobalSolutions, formerly known as Religare Technova, today said itis eyeing 25 per cent growth in revenue in FY 11 and has setaside USD 50 million for acquisitions in next 12 months.

"We have aggressive growth plans and are expectingabout 20-25 per cent growth in topline at Rs 110 crore andoperating profit of Rs 10 crore this fiscal," Dion GlobalSolutions CEO Ralph Horne told reporters here.

The company''s revenue for 2009-10 stood at Rs 90 crore,he added.

In FY 12, he expects the company to continue to maintainits organic growth at 25 per cent, he added.

Dion Global Solutions is bullish on expansion for whichit is looking at acquisitions, both on domestic and overseasfront, particularly with expertise in risk and compliance,trading, customer management and technical analysis, datamanagement, clearing and settlement and governance, he said.

The company has set aside USD 50 million for acquisitionsand presently is in talks with 8-10 companies, both in Indiaand abroad to penetrate deeper into the matured market and tomake a mark in emerging markets like Latin America, he said.

The company is also bullish in product development and isplanning to develop 15 products in next two years. Presently,Dion has six products in its portfolio.

Dion Global Solutions, which has about 450 workforceglobally, is looking at increasing its India head count by 25per cent to about 125 people in next 12 months.

The company, which is already listed on the Bombay StockExchange, is also evaluating options for listing on theNational Stock Exchange for raising money to fund itsacquisitions.