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UST Global, an IT services and solutions provider for the Global 2000 market, has zeroed in on a handful of technology players for acquisitions this year.
According to Sajan Pillai, CEO, UST Global, “We have zeroed in on certain companies, and will finalise a few deals in the next 90 days. The new acquisitions are in a bid to expand UST Global’s portfolio and achieve its billion-dollar revenue target.â€
He added that a few of the targeted companies would be Indian players and foreign firms with an Indian presence. The company currently has registered $250 million in terms of revenue.
Not revealing the names of the target companies lined up for acquisition, Pillai said, “ERP and business intelligence being our key strengths, we would be acquiring companies that suit our portfolio.â€
The company, which has established its presence in the North American, European, Australian and the Asia Pacific regions, currently services as many as 14 new Fortune 500 companies. The number will be doubled by next month.
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