GAVS Tech plans acquisitions to expand footprint.

IT solutions and service provider GAVS Technologies plans to expand its products, services and client portfolio through merger and acquisitions in the coming years.

There are two merger and acquisitions in the pipeline, one of which is a hardware company and another in the private cloud space to enhance their existing data network.

Addressing media persons in Chennai, Sumit Ganguli, Chief Executive Officer, said, “Acquisitions will increase the bandwidth of our offering to our clients.” Recently GAVS acquired a banking services solutions provider, which increased GAVS customer base in banking and finance sector. The company is also looking at integration of tools with Internet of Things in the coming years, he added.

The company provides IT infrastructure services that include predictive analytics platform and automation. The features will deduct potential issues the system will encounter in advance, which will help their client prepare and take action in time. This improves overall performance, reduce resource utilisation by 40 per cent and increase profit.

The company registered revenue of about ₹256 crore ($40 million) last year across healthcare, banking and finance and manufacturing sectors. Indian business accounts for about ₹96 crore ($15 million), most of which comes from banking and finance sector.

The company’s India business is in partnership with Microsoft, where they offer services such as predictive analytics, performance monitoring and automation in Microsoft’s Azure cloud platform.

HBL