Latest news with #GVC
The Hindu
3 days ago
- Business
- The Hindu
U.S. firm Evergent Tech's innovation hub opened in Hyderabad, to employ 1,000 people by 2025
California-headquartered AI-powered SaaS solutions provider for media and entertainment, telco and digital consumer businesses Evergent Technologies formally opened its global value centre (GVC) in Hyderabad and with it announced plans to hire at least 400 additional employees for the GVC by this year. Established as a strategic product and innovation hub, the centre has onboarded more than 600 engineering and AI professionals thus far. The company aims to scale this to more than 1,000 employees by 2025, Evergent said after Industries and IT Minister D. Sridhar Babu inaugurated the GVC on Tuesday (June 4, 2025). The launch of the GVC syncs well with Telangana's vision to contribute $1 trillion to India's economy over next decade. Facilitating a shift from volume-led to value-led growth in tech industry will be one of the growth drivers, something that could be achieved by building capacity in high-impact areas like AI, semiconductors, defence, and deep-tech, the Minister said. Setting up of such facilities marks a shift to building high-value IP and global products from Telangana, leveraging Hyderabad's deep tech talent and driving innovation at scale, a press release from the Minister's office on his speech said. Under Chief Minister A. Revanth Reddy's leadership, Telangana has attracted investments worth ₹3 lakh crore over the past 18 months, he said. The focus is on making Telangana a hub for emerging technologies such as AI, ML and Quantum Computing. Evergent CEO and founder Vijay Sajja said 'we have combined the best of Silicon Valley and India to build mission-critical, AI-driven SaaS solutions that power monetisation for global media giants. Hyderabad's exceptional engineering talent is at the core of our innovation...' he said. The firm is developing proprietary intellectual property in Hyderabad that enables monetisation for global media giants such as the NBA, Sky, DirecTV, and SonyLIV across more than 180 countries. Its platform, entirely built in India, has helped onboard over 920 million subscribers worldwide on behalf of its clients, creating one of the largest datasets for AI-driven business intelligence.
United News of India
3 days ago
- Business
- United News of India
California-based Evergent opens Global Value Centre in Hyderabad
Hyderabad, June 3 (UNI) Telangana IT Minister D. Sridhar Babu inaugurated the Global Value Centre (GVC) of Evergent Technologies, a California-based AI-powered SaaS leader in media, entertainment, and telecom, here on Tuesday. The company has established this centre as its strategic product and innovation hub. Evergent has already onboarded over 600 engineering and AI professionals in Hyderabad and plans to grow to over 1,000 employees by the end of 2025, strengthening its commitment to the region as a strategic innovation hub. The IT Minister, who met Evergent's senior leadership team, including CEO Vijay Sajja, discussed the company's growth plans and explored opportunities for deeper collaboration in innovation and talent development in Hyderabad. Speaking on the occasion, Sridhar Babu said 'Telangana is ready to contribute $1 trillion to India's economy over the next decade. The launch of Evergent's GVC is a reflection of this vision. This marks a shift towards building high-value IP and global products from Telangana, leveraging Hyderabad's deep tech talent and driving innovation at scale'. Vijay said 'Hyderabad's exceptional engineering talent is at the core of our innovation, developing world-class IP and managing over 920 million subscribers. This is driving our AI capabilities to deliver predictive, personalised solutions that help media and telco business grow and retain subscribers.' UNI KNR RN
Time of India
4 days ago
- Business
- Time of India
Evergent of US opens global value centre in Hyderabad with plans to hire 1,000 techies by 2025 end
HYDERABAD: California-based AI-powered SaaS solutions provider Evergent has opened its global value centre in Hyderabad. The company, which has already onboarded over 600 engineering and AI professionals in Hyderabad, plans to scale this up to over 1,000 employees by 2025 end. Inaugurating the new GVC, IT & industries minister Duddilla Sridhar Babu said Telangana is ready to contribute $1 trillion to India's economy over the next decade. 'To achieve this, we must shift from volume-led to value-led growth, by building strengths in high-impact areas like AI, semiconductors, defence, and deep-tech. The launch of Evergent's GVC is a reflection of this vision and marks a shift towards building high-value IP and global products from Telangana by leveraging Hyderabad's deep tech talent and driving innovation at scale,' the minister said. Evergent founder & CEO Vijay Sajja said though the company's global headquarters are in Sunnyvale, California, Hyderabad has been key to its success. 'We've combined the best of Silicon Valley and India to build mission-critical, AI-driven SaaS solutions that power monetisation for global media giants. Hyderabad's exceptional engineering talent is at the core of our innovation, developing world-class IP and managing over 920 million subscribers. This is driving our AI capabilities to deliver predictive, personalized solutions that help media and telco businesses grow and retain subscribers,' he said. Its platform, entirely built in India, has already helped onboard over 920 million subscribers worldwide on behalf of its clients, creating one of the industry's largest datasets for AI-driven business intelligence, it said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
