Saama Technologies to ramp up India operations

Last month Carrick Capital invested $ 35 million in the company

Saama Technologies, the Silicon Valley-based data science solutions and services company is planning to set up its largest data science and analytics hub in India. The company will invest $ 2 million for this in the next one year. Saama will hire over 200 data science professionals to create pure play data science and analytics hub at its new development facility in Pune. Also, It is targeting to be a $1 billion company in the next three years.

"Saama is creating the largest presence of pure play big data and analytics experts in India. This team will support our existing global 2,000 clients with big data solutions. With 200 new data science professionals, the headcount tally in India will stand at 600, the largest in the company to support our growing business in the US market. said Ken Coleman, chairman Saama Technologies.

Currently, Saama has a team of 300 employees at its development centre in US. It would also be ramped up with an additional 100 new recruits to take the tally to over 1,000 employees in India and the US.

Coleman added, "Our growing footprint in India is going to have a direct impact on our global growth. We are targeting to be a $1 billion company in market valuation over the next three years. Our growth was being fuelled after satisfying market demand from Fortune 2000 companies for rapidly deploying industry specific analytic solutions that deliver material business outcomes.

Last month, Saama has announced that the investment firm Carrick Capital is investing $35 million in the company in series 'A' funding. With this capital intake, Saama plans to increase its market share in the healthcare data solutions and insurance data solutions and take on industry leaders like Cognizant and ZS Associates. Part of these funds will also be spent on new office space in Pune to help bring operations under one roof.

Its clients include Cisco, IBM, PayPal, Unilever, Delta Dental, CSAA, Insurance, Dignity Health, GoPro Actelion, Brocade, Broadcomand among others.

According to Vasant Shetty, VP, India Operations, Saama the recent funding allows the company to significantly accelerate hiring and professional development from the best talent pool Pune has to offer.