Cybernet to expand operations in Chennai

To hire 300 IT professionals over the next two quarters

California (US)-based Cybernet Software Systems (CSS) Inc, a software service provider, plans to expand its offshore operations in Chennai by adding 15,000 sq ft over the next two quarters and hiring 300 more IT professionals.

The expansion, for which the company is expected to invest about Rs 2 crore, comes after three large offshore outsourcing deals that the company had recently signed. Each deal is valued around $1 million, Shiv Kumar, chief executive officer, CSS Inc told the media here.

He said that another 10-12 outsourcing deals, mostly from US, were in the pipeline.

CSS, which has its offshore operations in Chennai, will be increasing the total headcount to 750 by adding 300 more people, predominantly with technology background during this fiscal.

The company has signed IT deals with Business Signatures Corporation, providing end-to-end solutions for online application and infrastructure management, fraud detection and prevention; and Navic Networks, an interactive television technology and service provider to cable industry in the US.

CSS, a business and technology solutions provider specialising in services to enterprises and independent software vendors, has also signed a pact with Operative (Traffimac), a company focusing on delivering products and services that manage online advertising operations, to develop set-top box simulator for interactive television and fully interactive video service.

The company, which has 27 clients, expects to end this fiscal with a revenue of $10-12 million. Product co-development contributes around 70 per cent to the total revenue.

CSS Group, which currently employs around 3000 people, has three more companies under its fold that include SlashSupport, a technical support firm, ReadyTestGo, which is into software testing, and Synaptris, a software products company. The group's revenue is around $40 million USD per year.