GSS Infotech

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GSS Infotech
Public
Traded as BSE532951
NSEGSS
Industry Information technology
Founded (1999)
Headquarters India
Area served
Worldwide company
Key people
  • Bhargav Marepally (CEO & Founder)
  • Ramesh Yerramsetti (Director & Founder)
  • PVRK Prasad (Chairman)
  • Keerthy Jaya Tilak, Mark Silgardo and Madhukar Sheth (Directors)
Number of employees
1500 <large>(November 2014)
Website gssinfotech.com

GSS Infotech (formerly "GSS America"), established in 1999, is a Information technology company headquartered in Hyderabad, India. The company specializes in cloud computing, remote infrastructure management services, virtualization solutions, application management services, and infrastructure optimization solutions.

GSS Infotech has offices in Illinois, Connecticut, California, New Jersey, New York City and Hyderabad.

History[edit]

GSS Infotech was formed in 1999 as "GSS America". On 10 March 2011, the company was renamed "GSS Infotech".[1][2] GSS Infotech offers services primarily to telecommunication, banking and financial services, insurance, healthcare, retail, and government organizations. In 2006, the company established a Global Delivery Center in Hyderabad, India and became a CMMI Level 5 company in 2011.

In November 2010, GSS America Infotech Ltd. acquired US based companies with revenues of $30 million to increase its portfolio.[3][4]

In GSS Infotech‘s annual meeting in December 2010, the company passed the resolution to raise around Rs 337.50 crore ($75 million) by means of foreign currency convertible bonds, American Depository Receipts or other instruments.[5]

Revenue[edit]

GSS Infotech net profit rose by 0.40% to Rs 2.50 crore in the quarter ended December 2010 as against Rs 2.49 crore during the previous quarter ended December 2009. The sales increased by 71.88% to Rs 17.79 crore in the quarter ended December 2010 in contrast to Rs 10.35 crore during the previous quarter ended December 2009.[6]

GSS Infotech net profit rose by 70.73% to Rs 2.80 crore in the quarter that ended March 2011 as against Rs 1.64 crore during the previous quarter.[7]

Acquisitions[edit]

  • In 2006, GSS Infotech acquired Infospectrum Consulting Inc, a business service management (BSM) solution provider based out of Illinois, USA.[8][9]
  • In 2008, GSS Infotech acquired System Dynamix Corporation, an IT consulting and software development company based in Connecticut, USA[10]
  • In 2009, GSS Infotech acquired ATEC Group, an infrastructure technology solution provider based out of New York, USA.[11][12]
  • In 2010, GSS Infotech acquired Veloce[13][14]

Recognition[edit]

  • Forbes' list of Asia's 200 Best Under $1 Billion 2009[15]
  • Forbes' list of Asia's 200 Best Under $1 Billion 2010[16]
  • Forbes' list of Asia's 200 Best Under $1 Billion 2010[17]

References[edit]

  1. ^ oneindia. "GSS America - Change of Name of the Company". [permanent dead link]
  2. ^ capital4. "GSS America Infotech changes its name". Archived from the original on 2012-03-28. 
  3. ^ Sulekha Money. "America Infotech to buy 30 million revenue companies in US". [permanent dead link]
  4. ^ NDTV Profit. "GSS America Infotech buying 30 million revenue companies in US". 
  5. ^ The Hindu Business Line. "GSS Infotech gets nod to raise Rs 337 crore". 
  6. ^ edelweiss. "GSS America Infotech net profit rises 0.40% in the December 2010 quarter". 
  7. ^ edelweiss. "GSS Infotech net profit rises 70.73% in the March 2011 quarter". 
  8. ^ Infospectrum Consulting Inc. "GSS America acquires Infospectrum Consulting,". [permanent dead link]
  9. ^ Free Press Release. "Infospectrum Consulting Adopts GSS Infotech Brand". 
  10. ^ Capital Market. "GSS America Infotech - Acquisitions drive growth". Archived from the original on 2012-03-28. 
  11. ^ Bloomberg. "ATEC Group to Contribute to Growth of Capital Region Economy". 
  12. ^ The Business Review (11 November 2009). "Global software company acquires Colonie's ATEC Group". 
  13. ^ R K Global. "Investment Strategy: Importance of siblings". Archived from the original on 2012-03-28. 
  14. ^ Velocé. "Velocé Group has become GSS Infotech". 
  15. ^ Hindustan Times. "20 Indian companies in Forbes 'Best Under A Billion' list". [permanent dead link]
  16. ^ Forbes (1 September 2010). "Asia's 200 Best Under A Billion". 
  17. ^ The Economic Times (11 September 2009). "20 Indian cos in Forbes 'Best Under A Billion' list". The Times Of India. 

External links[edit]