GSS Infotech (formerly "GSS America") was established in 1999, as an

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...

company headquartered in

Hyderabad, India Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the '' de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern In ...

. The company provides services related to

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

, remote infrastructure management,

virtualization In computing, virtualization or virtualisation (sometimes abbreviated v12n, a numeronym) is the act of creating a virtual (rather than actual) version of something at the same abstraction level, including virtual computer hardware platforms, stor ...

, application management, and other services. GSS Infotech has offices in

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ...

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

and

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

History

GSS Infotech was formed in 1999 as "GSS America". On 10 March 2011, the company was renamed "GSS Infotech". GSS Infotech offers services primarily to

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

, banking and financial services,

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

, and

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

organizations. In 2006, the company established a Global Delivery Center in Hyderabad, India and became a CMMI Level 5 company in 2011. In November 2010, GSS America Infotech Ltd. acquired US based companies with revenues of $30 million to increase its portfolio. In GSS Infotech's annual meeting in December 2010, the company passed the resolution to raise around Rs 337.50 crore ($75 million) by means of foreign currency convertible bonds, American Depository Receipts or other instruments.

Revenue

GSS Infotech net profit rose by 0.40% to Rs 2.50 crore in the quarter ended December 2010 as against Rs 2.49 crore during the previous quarter ended December 2009. The sales increased by 71.88% to Rs 17.79 crore in the quarter ended December 2010 in contrast to Rs 10.35 crore during the previous quarter ended December 2009. GSS Infotech net profit rose by 70.73% to Rs 2.80 crore in the quarter that ended March 2011 as against Rs 1.64 crore during the previous quarter.

Acquisitions

* In 2006, GSS Infotech acquired Infospectrum Consulting Inc, a business service management (BSM) solution provider based out of Illinois, USA. * In 2008, GSS Infotech acquired System Dynamix Corporation, an IT consulting and software development company based in Connecticut, USA * In 2009, GSS Infotech acquired ATEC Group, an infrastructure technology solution provider based out of New York, USA. * In 2010, GSS Infotech acquired Veloce * In 2019, GSS Infotech acquired Nexii Labs * In 2021, GSS Infotech acquired Polimerras.

Recognition

* Forbes' list of Asia's 200 Best Under $1 Billion 2008 * Forbes' list of Asia's 200 Best Under $1 Billion 2009 * Forbes' list of Asia's 200 Best Under $1 Billion 2010

References

External links

* {{Official website, http://www.gssinfotech.com Information technology companies of India Companies based in Hyderabad, India Software companies of India Indian companies established in 1999 1999 establishments in Andhra Pradesh Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange