US-based Agree Ya to invest $15 mln in India by 2008

New Delhi, June 20 (UNI) Agree Ya, a California-based business and IT solutions company, today said it will invest 15 million dollars to expand its operations and market penetration in India, by 2008.

''We will be pumping in 15 million dollars over the next 2-3 years in both organic and inorganic growth in India, which would include opening of other channels and markets and expanding delivery capability, as well as new acquisitions of medium-sized ERP (SAP) solutions,'' Agree Ya Managing Partner&Co-Founder Ajay Kaul told reporters here.

The company has already invested 4 million dollars on its Global Delivery Centre (GDC) in Noida, and plans to pump in 2 million dollars in its second GDC at Bangalore, which will be functional by the year-end.

On details of the acquisitions the company was looking at, Mr Kaul said. ''We are specifically looking for talent, domain or technology-based acquisitions in India and are in negotiations with 7-8 companies that offer System Application Productions (SAP) applications. However, it is too early to divulge any names.'' The company has SAP (migration and support) specific operations in the US, and has recently set up marketing offices in the Middle-East. It is looking to expand to the UK as well.

''We have built specific pre-packaged solutions for our private and public sector clients in the US, and are seeking to mitigate single market dependancy with the opening of our operations in the Middle East and IUK,'' Mr Kaul added.

Agree Ya, with a current turnover of 25 million dollars, provides IT solutions to MNCs and corporate houses in its core areas including banking and finance, public utilities, healthcare, telecom and retail.

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