Thiruvananthapuram: Cycloides Technologies, a subsidiary of Cycloides Inc., Canada, will commence operations from Yamuna building on Technopark campus on June 1. The Technopark office is the company’s first global delivery centre outside Canada and it has plans to set up multiple centres across the globe.
The company has already signed up with Technopark for 4,500 sq. ft. of warm shell and has created a state-of-the-art office space on the Technopark Phase III SEZ Campus in Trivandrum.
Cycloides Inc is a product and consulting services company that has developed successful products and offering premium technology consultancy services across diverse industry verticals like gaming, industrial automation, IOT, ERP and embedded systems.
Announcing the launch at a press conference, A.R. Anil, Founder and CEO of Cycloides, said, “We are targeting a revenue of US$100 million by 2020 and aiming to generate US$100,000 per resource per year. The parent company has some major development plans chalked out for the India delivery centre at Technopark and we shall see a lot of expansion and growth in the coming years here.”
The company has plans to invest US$3 million in infrastructure and to grow as a 1,000-employee company by 2020.
Hrishikesh Nair, CEO of Kerala IT Parks, said: “Cycloides is the 48th company to be operational in Technopark Phase 3. We are sure, with high value companies like Cycloides moving into Technopark and making this as their delivery hub, Technopark and Trivandrum will move into the big league of top global IT destinations.”
Jayne Winnick, Founder CEO, Tabcon, Toronto, Canada; Marcelo, Director of Technology, Pebblekick, California; Cycloides Vice President Sreetha Anil; and Chief Operating Officer Naushad Abdul Khader also attended.