Pune based boutique software consulting firm Alphalogic Techsys announced that it has achieved 120 percent growth in revenue in the FY 2018-19. The company also announced its expansion to the Western Europe market tapping into multi-fold growth and plans to triple up the employee strength by 2020.
The company that has been growing at an incredible pace at the CAGR of 40 percent in the last 4 years is among the first startups from its generation to have grown into becoming a limited company and set to raise capital from the Capital markets through an IPO this month.
Driven by factors like a balanced portfolio, geographic footprint, consistent innovation and relentless focus on agility, Alphalogic provides software solutions to clients ranging from early stage start-ups to established SMB’s and Fortune 500 companies from over 12 countries. With its development center in Pune, Alphalogic serves a widest range of global clientele, and has delivered over a 100 different products. Alphalogic has built products for the US Government, Merck India, Payback Card, and multiple companies based in India, Australia, USA, and UK.
Commenting on the development, Anshu Goel, Managing Director, Alphalogic Techsys says, “Our company has witnessed a rapid acceleration of growth over the recent years, and we are committed to moving forward with the same vigour. We see Western Europe as one of the most proliferating markets for us to capitalize on this year. Our focus on the fastest propelling technologies like Artificial Intelligence, Cloud etc. to drive digital transformation for best of bottom-line results is our strength. The next financial year promises to bring even bigger opportunities for Alphalogic, and we are geared up for the same with substantial team expansion too.”
Backed by a team of passionate technologists, and world-class professionals the company has carved a niche for itself in the competitive digital sector by delivering high-quality solutions on Web & Mobile Application Development, Data Analytics & Business Intelligence, UI/UX Consulting etc.