R K Swamy Hansa invests in i-Vista

i-Vista Digital Solutions, a provider of interactive marketing and intranet development solutions, has announced that marketing services group R K Swamy Hansa has made a strategic investment in the company which will help the company expand in India and the US.

The proposed investment by R K Swamy, which both firms declined to disclose, will be made in a phased manner over three years, leading to a holding of 40 per cent in i-Vista.

Speaking to reporters, here today, Srinivasan Swamy, chairman of R K Swamy Hansa Group, said: “We bring four distinct capabilities to this partnership – depth of management resources, over 200 client relationships, a pan-India and US marketing presence, and financial resources to facilitate scaling up.

Our clients in India are seeking the services of i-Vista, and our Hansa Marketing Services, US has commenced offering i-Vista’s services to US clients. We are bullish about this partnership.”

Founded in 1996, i-Vista employs 60 people with a turnover of Rs 5 crore.

With the strategic partnership in place, the company is targeting a revenue of Rs 20 crore with an employee base of 150 in the next three years, said Narayan Rajan, founder-CEO, i-Vista.

i-Vista offers an intranet solution called iMorfus which helps the users automate the employee-facing transactions.