Integreo to up Hyd headcount to 2,000

To invest $10 million in Hyderabad centre in next 12 months

Integreo, a business process outsourcing (BPO) company, is planning to increase the headcount at its centre in Hyderabad to around 2,000 in another 12-18 months.

Of the 1,000 employees that it has worldwide, the company currently has 600 associates working for it in the city. Besides, it will be shifting to a new 60,000-sq ft facility in Kondapur near Hyderabad by January 2006. The company will be investing $10 million in Hyderabad within the next 12 months.

Integreo provides technology-based BPO solutions to healthcare, insurance and state/federal governments. In a month's time, Integreo will also be announcing the acquisition of a company in the area of medical management services.

The company's inorganic growth deals include acquisition of companies like Symphony Data, HPS Paradigm and the revenue cycle managed services (RCMS) line of Siemens Medical Solutions.

Integreo also plans to enter the teleradiology segment within the next six months. Speaking to Business Standard on the sidelines of a press conference organised to announce the company's expansion plans, Satish K Sanan, chairman and chief executive officer of Integreo, said, "We are already in talks with hospitals like Apollo and Max for teleradiology services, and we hope to get into this segment within the next six months."

"We will be soon closing a deal worth $200 million on the payor side of business in healthcare. This will be a 10-year project for us. Besides, we are likely to bag a $130-million deal in the public domain," Sanan said. Integreo, which has a revenue run-rate of $65 million, is looking at crossing the $100-million mark by the end of March 2007.

Integreo has options to add up to 3,00,000 sq ft at its Hyderabad centre. The company may look at setting up a second centre in Hyderabad or Pune at a later stage. The company has invested $8 million in its Indian operations. It plans to go in for an initial public offering in the next 18-24 months.