- International operations to contribute over 60% of Zvolv’s customer growth by FY24
Zvolv, one of the leading Hyper Automation platforms, is scaling up its operations in Global markets. It set-up its first international operation in Australia earlier this year and is now setting up operations in Middle East & Africa (MEA). Zvolv’s effort to strengthen its international operations comes at a time when digital investments in Middle East and Africa are expected to double by 2025. According to International Data Corporation (IDC) forecast, digital transformation spending in these regions are expected to accelerate at a CAGR of 16.6% to cross US$ 58 billion by 2025. Zvolv is expecting to target a critical share of this spending pie.
As part of the ramp-up of its global operations, Zvolv has appointed Mr Vaidy Panchabikesan as Vice President to lead its MEA business and join the senior leadership team at Zvolv, Vaidy brings more than 15 years of sales and leadership experience and a proven track record in international market expansion. He will help scale-up Zvolv’s business in these global markets by strengthening its business development teams and building strategic collaborations within the channel-partner ecosystem. His expertise in solution development, strategic partnerships and P&L delivery is expected to help boost Zvolv’s business growth. Vaidy has previously held leadership roles at Outsystems and Kissflow. His passion for Low-code and No-Code platforms continues to keep him at the forefront of the industry.
Commenting on the ramp-up of its global operations and Vaidy’s appointment, Mr Srivatsan Srinivasan, Chief Revenue Officer and Board Member at Zvolv said, “As all businesses become Digital-Businesses, and digital transformations shift from being Cloud-enabled to Low-Code/No-code enabled, hyper automation platforms like Zvolv are seeing incredible growth. We are privileged to work with over 50 large-scale customers, with several Fortune 500 companies in India by delivering significant business benefits. Digital transformation investments in the Middle East and Africa are set to double by 2025. Zvolv is increasing its presence and operations across its focused geographies of India, APAC, and now Middle East and Africa to be closer to our customers and continue to deliver value as we target 300 global enterprise clients by 2024”.
Sri further noted, “Vaidy has been instrumental in shaping the low-code/no-code platform market in MEA, and brings immense experience in sales and channel leadership. He has a proven pedigree in scaling go-to market functions and will certainly help fast-track our growth ambitions outside our home market in India. We are delighted to have him join our leadership team at Zvolv.”
Zvolv’s international business expansion critically hinges on building strategic alliances and partnerships to succeed in these markets. Commenting on his appointment at Zvolv, Vaidy Panchabikesan said, “I am inspired by the value Zvolv delivers to its large enterprise clientele. We realize the potential of a hyper-automation platform in a fast-evolving customer landscape. Intelligent automation delivered through the Low Code-No Code application development would be the key differentiator for Zvolv. I am looking forward to setting a great momentum of growth as we target over 60% of our customer growth from these new markets by FY24.”
The acceleration of digital transformation across businesses is putting pressure on business leaders to dramatically increase application delivery speed and time to value. The increased demand for custom software solutions in support of digital transformation has sparked the growth of low-code applications. Hyper automation takes the concept an extra mile by bringing intelligence into this application development approach.