Cycloides Inc., Canada to commence operations from Technopark, Trivandrum
Trivandrum, May 30, 2017 – Cycloides Technologies, a subsidiary of Cycloides Inc., Canada, an enterprise and high-end total solutions provider, will commence operations from Yamuna building at Technopark campus. The company has already signed up with Technopark for 4,500 sq. ft. of warm shell and has created a state-of-the-art office space in the Technopark Phase III SEZ Campus in Trivandrum and obtained approval from the Development Commissioner, Special Economic Zone, for commencing operations. The facility will be formally inaugurated on June 01, 2017.
Cycloides Inc is a product and consulting services company that has developed successful products and offering premium technology consultancy services across diverse industry verticals like gaming, industrial automation, IOT, ERP and embedded systems. The Technopark office is the company’s first Global delivery centre functional outside Canada. The company plans to employ around 100 IT professionals in its state-of-the-art facility at Yamuna. The company also has plans to set up multiple centres across the globe.
“We are targeting a revenue of 100 million US dollars by 2020 and aiming to generate 100,000 US dollars per resource per year. The parent company has some major development plans chalked out for the India Delivery centre at Technopark and we shall see a lot of expansion and growth in the coming years here.”, said Mr A R Anil, Founder and CEO of Cycloides. The company has plans to invest US $ 3 million in infrastructure and to grow as a 1000 employee company by 2020.
“Cycloides is the 48th company to be operational in Technopark Phase 3. We are sure with high value companies like Cycloides moving into Technopark and making this as their delivery hub, Technopark and Trivandrum will move into the big league of top global IT destinations”, said Mr Hrishikesh Nair, CEO of Kerala IT Parks.
Ms Jayne Winnick, Founder CEO, Tabcon, Toronto, Canada and Mr Marcelo, Director of Technology, Pebblekick, California, also shared their experience with Cycloides. Cycloides Vice President Ms Sreetha Anil and Chief Operating Officer Mr. Naushad Abdul Khader also participated in the Press conference .