Press Release
ValueLabs has continued its strong growth through the year 2009 despite a difficult market. Growing well above industry average, the geographically diversified group of companies under the ValueLabs umbrella, ended the year with a clutch of high profile client acquisitions. Earlier in the year, the company was placed in the “50 best places to work for in India” in a study conducted by the Great Places to Work Institute (GPWI) and was placed among the “500 fastest growing companies in APAC” by Deloitte.
ValueLabs CEO, Arjun Rao, expressed satisfaction over the company’s performance and said, “We have crossed the tipping point and have become truly a global company, both in terms of our sales presence in different geographies and our delivery centers. In addition, given our strong track record in the area of offshore delivery over the past 12 years, we are confident that we will continue to grow at an aggressive pace in 2010. We currently serve clients in 12 countries from eight Sales offices (across North America, Europe, West Asia and APAC) and five Delivery centers, with one more in the pipeline this year.”
Despite a slow start through the first half of 2009, the company saw a lot of traction in the second half of the year with the acquisition of several marquee clients against stiff competition. Overall, the company acquired over 50 clients in 2009. Some of the prominent client wins include:
A DRS location in Visakhapatnam (300 miles East of Hyderabad), started in 2008
Expansion of the Kuala Lumpur center in 2009, to carry out deliveries for clients outside Malaysia, and to act as another DRS site
An SEZ (Special Economic Zone) facility in Hyderabad, started in November 2009
A delivery center in Chennai (350 miles South of Hyderabad) that should come online later this month
A delivery center out of Eastern Europe that is in the works for later this year
ValueLabs expects to grow at 35% in 2010, given the healthy sales pipeline. This is despite their view that the global economic outlook is likely to be challenging for the next 2 – 3 years.
About ValueLabs
ValueLabs (www.valuelabs.com) is in the area of global delivery of IT services and offers technology consulting, software product development, testing and knowledge process outsourcing services. The group was setup in 1997 with a vision to deliver value to clients worldwide using an effective Global Delivery Model. ValueLabs’ core competency is in building “Extended Teams” that are dedicated to the client, based on their specific requirements, that in due course become a seamless extension of the client.