Alexandria, USA, September 17, 2007: Avineon, Inc., provider of IT, engineering, geospatial and program management services, today announced the company has reached an important milestone, marking more than 15 years of delivering IT services and solutions to government and commercial clients.
Since its inception in 1992, Avineon has built a customer base of more than 250 clients across federal, state and local government agencies and commercial clients including large utilities and process, power and offshore companies. The company has grown at a rate of more than 30 percent over the past five years and is on track to exceed that rate in 2007.
Avineon plans to invest significantly in its existing India-based subsidiary located in Hyderabad, Avineon India Private Ltd. (AIPL), to construct new offices. AIPL is expected to grow by 60 percent over the next year and the company will increase its employee base by 800 to accommodate growth. Avineon is also looking at opening additional India facilities in Visakhapatnam and Kakinada as well as expanding its overseas centers to include Dubai, Australia and New Zealand. This growth is driven by recent large new client wins, including a multi-million dollar deal with a U.S.-based oil and gas utility, among other new and repeat U.S. and European clients.
“Avineon has grown rapidly over the past 15 years due in large part to our commitment to understanding customer needs and providing innovative services,” stated Karlu Rambhala, president and CEO of Avineon. “Our expansion into the Middle East and Asia Pacific markets will make significant contributions toward Avineon’s continued growth.”