BANGALORE, MARCH 30: Intertec Communications Limited, an Internet technology solutions provider and products development firm is investing over Rs six crore in order to set up fully- owned subsidiaries in the United States and UK, according to the company's managing director, CS Ravichandar.Ravichandar said while talking to The Financial Express that the company was planning to expand its overseas reach and to this end it would set up subsidiaries in the US and UK. The UK office would take care of the entire European market.
Ravichander observed tha the company was looking at seventy-five per cent of its revenues coming from the United States and UK markets, 10 per cent from Australia and New Zealand put together, while rest from domestic operations.The company also was looking at longterm strategic alliances with three or four US companies in order to cash in on their local market experiences. The company has recently engaged KPMG's corporate finance division to identify the right partners for the american venture.
Ravichandar said:``In the overseas market, we also want to capitalise on our existing relationship with global companies like IBM, HP and Microsoft.''On the business strategy, he said the company would adopt a two-pronged strategy -- reactive & pro-active -- through partners alliances and direct.
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