Latest news with #EvergentTechnologies
The Hindu
04-06-2025
- 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.
New Indian Express
04-06-2025
- Business
- New Indian Express
Telangana Industries Min inaugurates Evergent Tech's GVC
HYDERABAD: IT and Industries Minister Duddilla Sridhar Babu formally inaugurated Global Value Centre (GVC) of California-based Evergent Technologies at Financial District here on Tuesday. The new centre will serve as a strategic hub for product development and innovation for Evergent, a leading provider of AI-powered SaaS solutions for the media, telecommunications and digital consumer industries. With over 600 engineers and AI professionals already on board, the company plans to expand its Hyderabad workforce to more than 1,000 by the end of the year. Speaking on the occasion, Sridhar Babu stated that the primary goal of the government is to attract new industries to Telangana and generate employment for the youth. The minister said that Telangana has successfully attracted investments worth Rs 3 lakh crore over the past 18 months.
