San Jose-based iOPEX Technologies, which specialises in driving operational and cost efficiency for new age entrepreneurs, has embarked on a talent creation and acquisition mode.
As part of this exercise, it is now planning to hire around 300 people, especially with expertise in cost management and financial accounts. The proposed hiring is expected to beef up its headcount in India.
At present, iOPEX has offices in San Jose, London, Chennai, Bengaluru and Manila.
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The company has a headcount of 1,300 at the moment.
Its key customers include media giant Comcast, among others. “With top customers in every vertical, the go forward strategy is to innovate more on technology, and make it scalable,” said iOPEX founder and CEO Shiva Ramani.
The four-year-old iOPEX, according to him, is growing at 60 per cent year-on-year. “We have a three-year revenue target of $100 million,” he said. The focus was on driving new growth revenue for its clients, he added. Consequently, the growth of iOPEX was pinned on high quality mobile talent, he said. “Our core business has very strong fundamentals. Also, our offering is at the early stage of execution with our customers. Hence, there is sufficient growth potential with each of our existing customers,” Mr. Ramani said.
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He said that the role of technology had changed dramatically. “It is not just a productivity enabler. It is the key ingredient on sale,” he added. According to him, “technology is not monolithic any more, and has become a collection of small apps on the app store.” Given this, “it is very easy to get lost in the jazz of new revenue,” he said. iOPEX helped its clients “to identify the cost of delivering the new revenue, and, in essence, add to their bottom line and EPS (earnings per share),” he added.
In this context, he said, “the art of balance between revenue and cost is a delicate one. With the advent of digital commerce in a big way, the need to delicately balance the ratio is even more now.”