Published on: Mar 4, 2016
Transcripts - Pressrealese
Contus Measures its 5-Year Growth with US $10 Million in ValuationHurdles and failures are never a constraint to discoverexcellence, and Contus with its 5 years of consecrated workmanship has proved it with anannouncement note on their accomplishment of $10 million valuation by a top investment bankingfirm. The emerging mobility and web development company aspires to a valuation of $150 million inthe next 3-4 years and with its present thought-invoking process, it wont be a distant dream!Contus, is one of theleading web products & mobile application development companies in Indiarecently announced a note on their accomplishment of $0–10 million valuation in the past five years bya top investment banking firm.“Our five year’s efforts to achieve a decent turnover have paid off fine with this number and I speciallycongratulate our employees who played their roles to the fullest and best,” said Mr. Sriram Manoharan,the Managing Director of Contus, at the gratitude meeting held recently. “The results are particularlyencouraging as we are aware that the competition in this mobile-driven market seems to be very highand companies like us have to look at novel ways to drive business growth and investment. We are alsokeen about driving in more and more exemplary solutions for mobility-based obligations,” he added.Sriram also promised that, Contus’ turn over to will be above $20 million, with $150 million valuationin the next 3–4 years.Contus was initially started in 2008 with just two people on board. The founders say that their growthrate turned explosive with the launch of certain capable products in 2009. “Post-sale support andaffordable pricing are our two big traits which are liked by most of our clients and we believe in’support is sales’ motto,” said the company’s CEO, Mr. Balasubramaniyam. 2010 was again a hugesuccess for Contus, with the launch of their Group Buying Software for websites and mobiles whichfalls to be the major contributor of the company’s overall sales.Contus gave birth to a very distinctive web and mobile apps platform in the year 2011 and named it‘Apptha’. Apptha.com, the leading provider of the world’s best extensions for the most famous opensource systems was originally launched with 10 products (which is now 100+). “In these five years,we’ve worked with different types of businesses and clients who belong to more than 40 countries,”said the CEO. He continues, “The companies we work with more commonly are those with theambition and capacity to grow, and have a wider focus toward quality outputs—and to us it seemedquite easy to accomplish.”2011 was also the year for Mob eCommerce. The time this product was launched, it also won an awardfrom ESparks to be listed as one among the ‘Top 10 eCommerce Startups for the year 2011’. “Therising demand for mobile ecommerce in today’s time happens to be a major reason for the success ofour MobeCommerce product, which has contributed vast on our company’s overall proceeds,” said theCreative Head & COO, Mr. Bala Murugan. Contus drives in a maximum number of clients through itsmobility-based products.This $0–10 million transformation is indeed a noteworthy achievement—that too within a period of 5years. Mr. Sriram also spoke about the endeavors and goals the company would encompass in thefuture. “To be frank, this sum of revenue was not our actual objective at the time we initiated ourbusiness—but it actually seems to be convincing when looking back at the hurdles we had comethrough. We now employ 140+ staff and farm out our services in 40+ countries. This growth obviouslyis a testament to our efforts, but anyway we are not going to wrap up with this. We are into the processof turning this $10 million into $150 million in the next five years,” said Mr. Sriram hopefully.
About ContusContus is a leading mobile application development company in India. The company also owns aventure at San Francisco for Mobile Application Development. To know more about the company andits products, contact: Phone: +1 718 487 9948, Web: http://www.contus.com or through Email:info(at)contus(dot)in.Company Name: Contus.comContact Person: PrakashEmail:Send EmailPhone: +91 98407 05435Country: United StatesWebsite: http://www.contus.com/Source: www.abnewswire.com