Advertisment

Sierra to take the acquisition way to expand into SAP

author-image
DQW Bureau
New Update





Advertisment

Sierra Atlantic Software Services Ltd, with headquarters in California and

Global Development Center in Hyderabad, is on an expansion spree. Sierra, which

is into offering packaged enter-prise application from vendors such as

PeopleSoft, Sie-bel, Oracle and SAP, is planning to exp-and into SAP in a major

way by acqui-ring a company that has SAP skill competency.

In yet another development, Sierra is contemplating setting up yet another

development center besides the Hyderabad facility. It has short-listed Chennai

or Bangalore as the next hot spot for Sierra.

Sarath Sura, MD, Sierra remarked that with the company’s major theme for

this year being "growth", it hopes to grow by 40 percent for the

coming financial year with these initiatives. Sierra, according to Sarath, had a

fairly matured practice in Oracle, Siebel and PeopleSoft. "By acquiring, we

can make a head start rather than building our own practices." The company,

which is looking at acquiring companies based in India or the US, expects to

complete the acquisition by this year-end. The acquisition can happen either in

cash or stock or a combination of both.

Advertisment

"By expanding into SAP in a big way, we would turn to be one of the

companies offering all the major packaged enterprise application," he said.

Elaborating on expa-nding its development center either to Banga-lore or

Chennai, Sarath remarked that though Sierra has short-listed these two places,

it con-siders Chennai as the better option of the two. "Though both

Bangalore and Chennai are rich in talent pool, but we are considering Chennai

more seriously, since Bangalore has more noise with the presence of so many

companies," he explained. The new facility to come up within this financial

year (Jan-Dec) will accommodate 150-200 people.

Globally, Sierra is going to expand its workforce to about 900-1,000 people

this year. Currently, it has a headcount of 550 people.

Nisha Kurian


Chennai (Cyber Media News Service)

Advertisment