HTC Global Services

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HTC Global Services
TypePrivate
Industry
FoundedUnited States (1990 (1990))[1]
Headquarters3270 West Big Beaver Road,
Troy, Michigan
,
U.S.
Key people
Madhava Reddy (President and CEO)[2]
Number of employees
11,000[3]
Websitewww.htcinc.com

HTC Global Services Inc., is an IT/BPO services provider based out of the US. Its major operations are in Troy, Michigan and India.

History[]

HTC Global Services Inc., was founded in 1990 by Indian entrepreneur M Madhava Reddy,[4] as a Michigan, USA based privately owned information technology and business process outsourcing services company and currently has centres in Chennai, Hyderabad and Bengaluru in India.[5][1][6] Madhava Reddy is the President and CEO of the company with nearly $99 million in assets and approximately $45 million in liabilities as of the end of 2015.[7][8][9] Currently the company has 11,000 employees globally including from Ciber and CareTech, which it has acquired in 2017 and 2014 respectively.[5]

In 2018,the company had invested ₹100 crore in a 4,500-seat development centre located in Vandalur, to the south of Chennai which will support the company's IT operations and business process outsourcing growth.[10] In India it has centres in Chennai and Hyderabad with other places of operations being Michigan (US), Singapore, Australia, Middle-East and Malaysia.[11][10][12]

The company planned achieving the target of $1 billion[13] in revenue by the acquisition of CareTech & Ciber and hire 5,000 employees by 2020 and the combined strength of both the companies will help the company to offer its clients a comprehensive set of services and fulfil an integral part of material growth across a range of industry sectors.[14]

Acquisitions[]

In 2014, the company acquired CareTech Solutions, a US based Healthcare IT services provider.[15][16] CareTech now operates as a wholly owned subsidiary of HTC and provides IT services primarily to the Healthcare providers in USA.[7] In May 2017, HTC Global Services acquired Ciber[17] which is a global information technology consulting, services and outsourcing company for 93 million US dollars, headquartered in Greenwood Village, Colorado, US.[18][19][20][2]

Services[]

The company deals in application services,[21][22] application maintenance and support services, mobile applications, Artificial Intelligence[23] digital transformation, data management and analytics, and ERP.[24] HTC also deals in content digitization, eBook conversion, and back office services.

In September 2018, company had inked a pact with Automation Anywhere, a developer of robotic process automation software based in California, to further boost HTC's RPA (robotic process automation) services, by building BOT-based industry-specific solutions with cognitive abilities.[14][12]

It had developed software service offers and product developments for sectors in the field of analytics, mobility, infrastructure services and emerging technologies and its global clients include JP Morgan, Canon, Reserve Bank of India, Bank of America, MRF and Electronics Corporation of Tamil Nadu.[10]

Products[]

The company offers grant management software that automates the grant management process. HTC has installed Enterprise Grants Management System (EGrAMS)[25] for various states and state agencies in USA.

HTC is a Tier 2 investment partner of Kuali Foundation to develop and deliver next-generation library management system for various universities.[26]

See also[]

References[]

  1. ^ a b "HTC Global Services, Inc.: Private Company Information – Businessweek". Businessweek.com. Retrieved 2016-03-14.
  2. ^ a b "HTC Global: IT firm HTC Global buys US-based Ciber for USD 93 million - Times of India".
  3. ^ "Newsroom".
  4. ^ "HTC Global acquires US firm Ciber Inc for $93 million". Business Standard India. 23 June 2017. Retrieved 14 May 2021.
  5. ^ a b "HTC Global Services to hire 3,000 people in India". The Economic Times. 8 January 2019. Retrieved 13 May 2021.
  6. ^ "HTC Global services to recruit 3,000 people - The Economic Times". The Economic Times.
  7. ^ a b "HTC Global Services Acquires CareTech Solutions". www.businesswire.com. 18 December 2014. Retrieved 14 May 2021.
  8. ^ Narsimhan, T. E. (24 November 2015). "'We will be a billion dollar company by 2020': HTC Global Services CEO". Business Standard India. Retrieved 2016-03-14.
  9. ^ "Deccan Chronicle Interview of Mr. Madhava Reddy". Retrieved 2015-11-27.
  10. ^ a b c "HTC invests ₹100 crore in development centre". businessline. 12 March 2018. Retrieved 14 May 2021.
  11. ^ "HTC Global Services Aims To Clock USD 1 Billion Revenue By 2020". www.andhrawishesh.com. 23 June 2017. Retrieved 14 May 2021.
  12. ^ a b "HTC Global Services plans to recruit up to 3,000 people in India; sets revenue target at $1 bn by 2020-Business News , Firstpost". Firstpost. 8 January 2019. Retrieved 14 May 2021.
  13. ^ Narsimhan, T. E. (24 November 2015). "'We will be a billion dollar company by 2020': HTC Global Services CEO". Business Standard India. Retrieved 14 May 2021.
  14. ^ a b F.R, Martin (9 January 2019). "HTC Global Services To Recruit 3,000 Techies In India". Analytics India Magazine. Retrieved 14 May 2021.
  15. ^ "HTC Global Service acquired CareTech Solutions". Yahoo.com. Retrieved 2014-12-19.
  16. ^ "HTC Global Service acquired CareTech Solutions". The Hindu. 19 December 2014. Retrieved 2014-12-19.
  17. ^ Novinson, Michael (9 June 2017). "End Of An Era: HTC Global Closes $90.7M Purchase of Solution Provider Ciber". CRN. Retrieved 14 May 2021.
  18. ^ "HTC Global to Buy IT Consultant Ciber". Nearshore Americas. 19 May 2017.
  19. ^ "HTC Global to Buy IT Consultant Ciber for $93 Million". the wall street journal. 19 May 2017.
  20. ^ "HTC Global to Buy IT Consultant Ciber for $93 Million". fox business. 19 May 2017.
  21. ^ "HTC Global to work with RBI". indiatimes.com. Retrieved 2014-03-10.
  22. ^ "HTC Global to work with RBI". The Hindu. 11 March 2014. Retrieved 2014-03-11.
  23. ^ "HTC Global Launch Artificial Intelligence, machine-learning products". Retrieved 2017-12-11.
  24. ^ Anand, N. (11 March 2010). "ELCOT becomes first Enterprise Resource Planning-driven office". The Hindu. Retrieved 2010-03-11.
  25. ^ "EGRAMS Trademark Information". trademarkia.com. Retrieved 2005-08-31.
  26. ^ Barron, Simon (2015). "Kuali OLE". Ariadne (74).

External links[]

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