Cybage helps companies take more informed decisions based on data and is currently being marketed to the wealth management, sports, hospitality and insurance industries
Technology consulting firm Cybage is betting on its new product, DecisionMines, for its next phase of growth.
“We created DecisionMines 10 years ago for internal use and have invested $20 million in it. Now, we’ve decided to monetise it and it will enable us to move non-linearly and cross-sell, resulting in IP-led growth,” Arun Nathani, CEO, Cybage, said.
The product helps companies take more informed decisions based on data and is currently being marketed to the wealth management, sports, hospitality and insurance industries.
While the company doesn’t disclose financial details, Nathani said that the business had grown at a CAGR of 12% for the last five years.
The firm is privately held but there are changes underway. Last month, Cybage made two new appointments — serial entrepreneur Walter Mastelinck and former Altiris CEO Greg Butterfield - to its board which so far has been controlled by the family.
Earlier this year, it set up a development centre in Toronto to service the North American market which currently contributes 80% to its total revenue.
“The last two years were a slow period, which was a good time for us to consolidate and strengthen our core focus areas which will help in non-linear growth,” Nathani said.