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Mr Harsh Goenka-controlled RPG group's listed IT arm, Zensar Technologies Ltd, is eyeing acquisitions in Europe and the US during the next fiscal.
The company will start exploring opportunities in this regard in the infrastructure management (IM) and SAP verticals, in the first quarter of 2012-13.
According to Dr Ganesh Natarajan, Vice-Chairman and CEO, Zensar Technologies, new acquisitions in the infrastructure management segment is likely to be from Europe while SAP acquisitions will mainly be in the US.
“We will start looking for new acquisitions around April (next fiscal),” Mr Natarajan told Business Line adding that these acquisitions, however, will not be large ticket ones.
Focus will be on smaller firms – valued at nearly $15-20 million (Rs 75-100 crore).
“It will either be a follow up (to the Akibia) acquisition in the infrastructure management space or in the SAP segment. The IM follow on acquisition will probably be in Europe,” he added.
The company had in December 2010 acquired 100 per cent stake in the US-based PSI Holding Group and its wholly-owned subsidiary Akibia Inc. Akibia's integration with Zensar is likely to be completed by this fiscal.
Mr Natarajan added that the company was expecting its SAP (systems, applications and products) vertical to grow by 60 per cent. Accordingly, it was planning acquisitions in the SAP segment.
“SAP is one of our fastest growing segments and an acquisition in a smaller (SAP) company in the US would help us accelerate growth in FY 13,” he said.
Integration of business
According to Mr Natarajan, Zensar will integrate the IM acquisitions with its RIM (remote infrastructure management) vertical. The RIM category refers to managing information technology infrastructure such as workstations, desktops, laptops, network devices, servers, storage devices, IT security devices of a company.
“We plan to grow the RIM to $300 million (Rs 1,530 crore) from $140 million (Rs 714 crore) in the next three years.
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