Avekshaa Tech targets $100 million in revenue by 2020

MUMBAI: Avekshaa Technologies, a software product and solutions company, said it would achieve $100 million in revenue by 2020, as it sees increasing demand for its offering that helps company’s maintain a stable and secure IT infrastructure.

The company is focusing on new verticals such as Life sciences, Manufacturing & Travel and growing its presence in USA and Australian geographies. Its existing verticals include BFSI, Telecom, Retail & e-Commerce.

"We have grown rapidly at 400 per cent over the last 3 years, besides consistently increasing the number of customers in the Enterprise markets. We aim to be a market leader globally in the niche P-A-S-S assurance space and continue to invest towards market expansion," Rajinder Gandotra, Founder and CEO of Avekshaa Technologies, said in a statement.

According to Gartner reports, by 2020, IT business will generate $225 billion using digital technologies – a nexus of social, mobile, information and cloud. Further Gartner predicts that digital business incompetence will cause 25 per cent of businesses to lose their market position by 2017.

Avekshaa expects this growth in the scale and importance of digital to boost demand of its technology.