Global IT conglomerate Hitachi Solutions is looking at acquiring five firms in Microsoft dynamics domain by 2015. The size of each acquisition will be close to $40 million according to Mr. Mike Gillis, Global Chief Operating Officer, Microsoft dynamics business, Hitachi.
Speaking in the sidelines of a conference where Hitachi announced its global development centre in Hyderabad, Mr. Gillis said, “Dynamics business is a fast growing segment at Hitachi. We are hoping to grow our revenues from the expected $100 million for the current fiscal to about $600 million by 2015.”
The company is predominantly looking at US and UK for the acquisitions, he said. Hitachi had recently acquired Canada based Ideaca, a significant player in consulting domain, and expecting that it will contribute to a major part of its revenue for the current fiscal.
Hitachi Solutions India Private Limited Chief Executive Officer Ananth Subramanian said one of the companies under evaluation for acquisition is from India. “We may zero in on the firm soon. No decision has been taken yet on the Indian firm,” he said.
Hitachi Solutions has three development centres in India, including the biggest one in Hyderabad that can house 300 people. The other two are located in Chennai and Pune. The total head count at present in India is close to 200 and it will be scaled up gradually based on the growth according to the company.
The development centre at DLF SEZ in Hyderabad will cater to the requirements of Hitachi’s global businesses.
Hitachi Solutions business constitutes 20 per cent of the $19 billion revenue from Hitachi’s IT segment. A major part of the Solutions business comes from the US and UK.
Compared to China, doing business in India is very easy and ideal for Hitachi, according to the COO of the company. High quality of IT professionals and consistent market are the factors that motivated Hitachi to have increasing presence in India according to him. Hitachi is also looking at countries like Philippines for expansion, he added.
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