Advertisement
Wednesday, Sep 22, 2021
Outlook.com
Outlook.com

LeadSquared targets USD 200 mn revenue in 5 yrs, opens office in North America

LeadSquared targets USD 200 mn revenue in 5 yrs, opens office in North America
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Aug 5 (PTI) Bengaluru-based IT company LeadSquared on Thursday said it is expecting a boost in business with foray into North America and looking at a revenue of USD 200 million in the next five years.

The company has opened its first office in New Jersey with over 50 employees working across various verticals to expand business in North America, LeadSquared CEO Nilesh Patel told PTI.

"We foresee North America to have the biggest revenue share in the future which necessitates that we put a strong foot forward and build talent teams in sales and marketing based out of the US. In the future we will look at building local teams for other business functions as well," Patel said.

The company now has 700 employees with most of them based in India.

"With the expansion, the company is targeting USD 200 million revenue in the next five years. This is keeping with its vision to expand through partner networks in other geographies, meeting the needs of international markets by delivering new-age, industry-specific solutions," Patel said.

Software-as-a-service provider LeadSquared claims to already have a strong foothold in the higher education space in the US with the market contributing 20 per cent of the company''s revenue.

"Through the expansion, it aims to double down on that vertical with the objective to become the biggest student admissions platform for higher education institutes in North America. In addition to this, the company aims to leverage the high demand in sectors such as Insurance, Credit Unions and Health technology," Patel said.

The company has clients based in the Asia Pacific region.

"We are now in the process of building a field and inside sales team for its US office operations," Patel said. PTI PRS MKJ


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

Kartik Tyagi Feels 'Fortunate To Play Big Role' In Rajasthan Royals' IPL Win Against Punjab Kings

Kartik Tyagi Feels 'Fortunate To Play Big Role' In Rajasthan Royals' IPL Win Against Punjab Kings

Kartik Tyagi produced a sensational final over to helped Rajasthan Royals beat Punjab Kings by 2 runs in an Indian Premier League thriller.

Kartik Tyagi Snatches Thrilling IPL Win For Rajasthan Royals As Punjab Kings Commit Harakiri

Kartik Tyagi Snatches Thrilling IPL Win For Rajasthan Royals As Punjab Kings Commit Harakiri

With three needed off four balls in the final over, Kartik Tyagi took two wickets to help RR edge out PBKS by 2 runs.

Pankaj Advani Beats Babar Masih Of Pakistan To Win 24th World Title

Pankaj Advani Beats Babar Masih Of Pakistan To Win 24th World Title

Pankaj ensured a clean slate of wins over the last fortnight in Qatar across two international championships - Asian Snooker and 6-red Snooker World Cup.

More from Outlook Magazine

Crouching Tigers

Crouching Tigers

Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook's annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook's annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.

Advertisement

Outlook Newsletters

Advertisement