Arcesium Expands Operations in Hyderabad: A Boost for Tech Talent

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Posted by pallavi on 2024-10-03 11:21:03 |

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Arcesium, a prominent provider of tech solutions for asset managers, has announced significant expansion plans for its Hyderabad facility after discussions with Telangana Chief Minister A. Revanth Reddy and IT Minister D. Sridhar Babu. The Hyderabad office, which serves as the company’s first overseas location, is pivotal in supporting Arcesium's global operations, particularly in data management and strategy initiatives.

Founded as an independent entity backed by the DE Shaw group and Blackstone Alternative Asset Management (BAAM), Arcesium specializes in advanced data, operations, and analytics platforms utilized by financial institutions, including hedge funds, banks, and private equity firms. The firm’s expansion solidifies Hyderabad’s standing as a premier hub for global tech firms, reinforcing its reputation in the technology and innovation sectors, particularly in the banking, financial services, and insurance (BFSI) space.

As part of its growth strategy, Arcesium plans to hire 500 high-end tech professionals in Hyderabad over the next two years. Gaurav Suri, CEO of Arcesium, expressed excitement about the expansion, attributing the decision to the rich talent pool and robust infrastructure in Hyderabad, which are vital for enhancing their data solutions and services.

Chief Minister Revanth Reddy affirmed the government’s commitment to fostering growth in the IT sector, stating that Arcesium’s expansion will not only strengthen its global capabilities but also bolster Hyderabad’s reputation as a technology leader. IT Minister Sridhar Babu emphasized the importance of collaboration between the government and the private sector, assuring that necessary support and infrastructure will be provided to ensure Arcesium’s success in achieving its strategic objectives.

This expansion is poised to create additional employment opportunities in the region, further enhancing Hyderabad's status as a leading destination for tech companies.

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