QUANTM acquires TEQBAY, strengthens operation in US

With an aim to expand its business in the United States, Gurgaon- based solution provider QUANTM has outlined its aggressive growth plan for its US business, being run as QUANTM Technologies.

Earlier this month QUANTM Technologies acquired TEQBAY in the US. Now the company has launched a new vertical 'TEQBAY' for providing IT services to SMB and SOHO segment across US.

The new acquisition not only strengthens QUANTM operations in the US, but also offers a large business vertical from a niche market player, bringing on board, not only the existing customer base, also the sales, delivery and marketing team of 40+ professionals based at the India offshore office.

"We also plan to add another 150+ team in the offshore delivery center to ramp up our delivery to support aggressive business development that we would be undertaking in US. Our differentiators clearly would be our innovative business model which is to be launched soon, supported by a strong delivery capability which effectively would become our selling strength eventually" said Manoj Sharma, COO, TEQBAY offshore operations.

Over the last few years QUANTM has been making various strategic investments with a vision to become a formidable IT player across services, cloud, applications and infrastructure outsourcing, starting with acquisition of TEAMWORQ in applications space in 2011 and investing in building its cloud portfolio RAINQLOUD.

"With this acquisition, TEQBAY is now geared for growth. We would be setting up our US sales offices, with focus on building the corporate sales, alliances, marketing and high end technology teams based at local offices in US with an investment in upwards of half a million $ in this year." said Sanjay Bakshi, CEO, QUAMTM Technologies.

"It is all tying up together beautifully to fit into our plan that we envisioned for QUANTM 3 years back. With RAINQLOUD, TEAMWORQ and TEQBAY, we now are clearly setting ourselves for hyper growth across US and India market. All along the 22 years of journey of QUANTM, we have built/acquired markets, verticals and human capital, especially during the difficult times, when others have switched survival mode. The plan has always paid up. Stay tuned for the next big news on RAINQLOUD now in a couple of months." concluded Pawan Khurana, group CEO, QUANTM.