The US$20 million will be spent to set up a new center in Hyderabad and expand the existing Pune and Noida development centers of Rapidigm.Post acquisition, Fujitsu Consulting's global employee strength will go up to 8,500. Fujitsu Consulting bought Rapidigm (India), an information technology and consulting firm, for an undisclosed amount during March.
Prior to the acquisition, Rapidigm's 2005 revenue was US$260 million.Rapidigm already employs 1,000 consultants in its three development centers in India and has invested US$10 million so far.India's burgeoning information technology and business process outsourcing industry is estimated at US$22 billion and is growing at a CAGR 32%.
