Nihilent Technologies considering IPO in 12-18 months

PUNE: Pune based global consulting and solutions integration company Nihilent Technologies is considering the possibility of raising funds through a public offering over the next 12-18 months. LC Singh, vice chairman and CEO, Nihilent Technologies said, "The company is currently in talks with investors and exploring options for going public, although a lot would depend on external market conditions." Set up 2000, Nihilent Technologies has a presence in the consulting, IT outsourcing and IT services space. At present, Africa contributes 75 per cent to the company’s overall revenues. It also has operations in Europe, Middle East, Australia and North America. Dimension Data, a wholly owned subsidiary of the $8bnm NTT Group and Adcorp both own a 35 per cent stake in the company.

Nihilent has just announced the acquisition of a 51 per cent stake in Intellect Bizware, a specialised SAP services provider for an undisclosed amount. This is the company’s second acquisition in the last 12 months following the acquisition of US based business intelligence and analytics solution provider GNET, in October 2014.Singh said that the company would remain on the look out for acquisitions to fill existing gaps in either its product offerings or geographical presence. He said that the company was growing well, higher than the industry average and was poised to maintain this higher rate of growth.Set up in 2000, Nihilent uses a holisitc and systems approach to problem solving.