Reaching New Heights

Targus Technologies

Targus Technologies is reaching new heights every year which is evident from its last year's growth. Targus has been aggressively courting HP: apart from becoming an HP Datacenter partner in FY10, the company also executed an order worth Rs 3.5 crore from DIAL for HP storage and services and bagged another order of Rs 4 crore for HP Procurve networking. The company has also been entrusted with the entire datacentre setup for MTS for Rs 5 crore and bagged an order from Dish TV worth Rs 2 crore. It has recently started business with Tanburg, Polycom and Extreme Networks. The company has got a shot in its arm by bagging clients like Bharti Airtel, Bajaj Capital and Videocon. In addition, the company has carried out a nationwide expansion of its service delivery capabilities across 40 locations. Moving into datacenter power solutions as well as emerging markets like AV solutions and VAS was identified as a strategy to combat the recessionary slump. Accordingly, Targus invested Rs 25 lakh in a JV with Signity Solutions to foray into the VAS domain. The emerging areas contributed incremental revenues of Rs 10 crore last year.

Targus Technologies has grown into one of the pioneers in network and security solutions, identity management and enterprise continuity resilience services. The company's growth, however can be attributed to its comprehensive solution portfolio around RISC and CISC servers, disaster recovery, facility management and database administration services. Targus is successfully rendering IT services to HDFC Bank, ING Bank, SAP India, Reuters, Cisco India, Persistent Systems, Zensar Technologies, HSBC Development Center, Persistent Systems and Intervet Labs. The company operates nine offices across the country, and expanded its international presence with the new office in Singapore in addition to the existing ones in USA and Canada. The company is aiming at a revenue of Rs 200 crore by 2011.

Highlights

• Opened new office in Singapore
• Inked deal with MTS and Dish TV