In six months, UST Global has made four strategic acquisitions, investment in innovative technology and executive level hires
ALISO VIEJO, Calif. & THIRUVANANTHAPURAM, India--(BUSINESS WIRE)-- UST Global, a leading provider of IT services and solutions for Global 1000 companies, has strengthened and deepened its talent workforce in US, Asia, India, Europe and Latin America by making four key acquisitions such as this year and investing aggressively in strategic partnerships and disruptive technologies.
"2014 has been a marquee year for us thus far and we have focused our evolution and growth around three key factors: disruptive technologies, strategic expansion and the talent to support these initiatives," said Saurabh Ranjan, Managing Director for global operations, UST Global.
To this end, UST Global has acquired four new companies in the past six months. Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies. Together these acquisitions help UST create and innovate strategic services and solutions for current and future clients.
In addition to those acquisitions, UST Global has made 6 investments in technology companies such as Moonraft, a design firm that seeks to differentiate the customer experience by blending design, art and technology; Kuboo, a child-friendly social network and gaming platform and 1-Page, a solution changing the way companies hire and filter resumes. Along with these, UST Global entered a strategic partnership with early-stage venture capital firm, Blumberg Capital. With this investment, UST Global will provide tech expertise and investments to Blumberg Capital portfolio companies. With these investments, UST Global strives to widen their global footprint, and broaden their range of services for clients.
In services, UST Global has made significant investments in digital, big data and advanced analytics technologies. Its investment in California-based data analytics firm Abzooba provides access to top talent in the analytics world. Along these lines, UST Global invested in Third Eye Systems, a big data company that provides actionable insights to companies through 'Expert Systems' and solutions tailored towards specific organizational problems.
In addition to these investments and acquisitions, UST Global opened its first delivery center in Shanghai, China and plans to rapidly house over 1,000 employees.
“The Shanghai center is a strategic investment in providing client-centric focus to our customers based in China. It will also help us expand our reach into other local market opportunities as demand for information technology services heighten. We are working with a number of customers having presence in the region, and particularly see upsurge in industries such as retail, high-tech and manufacturing,” said Sajan Pillai, Chief Executive Officer, UST Global.
Nikki Arora, Corporate Marketing Officer and Director Global Talent Acquisition, UST Global, said that clients relied on the firm having the “right people with the right skills, the right knowledge and the right experience” across key geographies. “Our talent strategy directly contributes to creating value as we focus on growth around disruptive technologies, new acquisitions and strategic expansion.”
Together these acquisitions and investments brought UST Global over 25 new clients and 600+ employees across 7 global locations. To sustain its rapid growth, UST Global has added an impressive roster of 200+ new individuals both in management and technology leadership.
About UST Global
UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. Headquartered in Aliso Viejo, California, UST Global has operations in USA, India, Mexico, Spain, UK, Malaysia, Philippines, and Singapore. UST Global is a technology leader with profound domain expertise across the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment. By focusing on the business model of ‘fewer CLIENTS, more ATTENTION’, UST Global strives for excellence in providing their clients with the best service and commitment to long-term client success. With 14,000 employees, UST Global's growth and clientele have been impressive. Please visit www.ust-global.com for more information.
Source: UST Global