Friday, March 8, 2013 Moneycontrol
Zensar Technologies is hoping for a healthy order book this year. Having already bagged Rs 250 crore deal with Assurant Health, which incidentally is one of the first IT contracts from the Obama healthcare plan, the mid cap IT firm is betting big on organic growth in 2013.
However, there could some momentum through inorganic route as well.
Since the announcement of Obama healthcare plan, the Indian IT sector has been waiting for tech opportunities from the plan. Zensar’s deal is one of the first contracts doled out from "Obamacare". Zensar Technologies signed Rs 250 crore contract with Assurant Health last month and is now expecting more such opportunities.
Ganesh Natrajan, Global CEO, Zensar Technologies, says there is a complete commitment in the US that healthcare is an important part of the agenda.
For FY14, the company plans to hire upto 500 employees and is also open to spending upto USD 50 million to grow through acquisitions.
Natrajan said,“We are talking to investment bankers who are showing us SAP opportunities. If the opportunity is right and we feel it is scalable then we will certainly do an acquisition in FY14,” he added.