Novac Technology Solutions, a Chennai-based digital transformation and cloud solutions company, is set to expand its global footprint into South Africa this year. This move comes just three months after the firm made its entry into Dubai, marking its second international expansion.
Promoted by the Shriram Group, Novac Technology Solutions aims to tap into the potential technology market in about 10 African countries, focusing on sectors such as finance, insurance, retail, and digital learning. Nanda Kishore N S, CEO of Novac Technology Solutions, expressed excitement about the company’s entry into the African market, highlighting the immense potential for digital transformation and cloud solutions in the region.
The company’s first client in South Africa will be in the insurance sector, with plans to collaborate with local partners and clients to deliver tailored solutions that address unique challenges and drive sustainable growth. With Africa’s rapidly evolving business landscape and burgeoning tech scene, Novac Technology Solutions sees this expansion as an opportunity to unlock new opportunities and make a lasting impact.
In addition to its international expansion, Novac Technology Solutions has been focusing on enhancing its AI features and plans to increase its turnover by 10-12% in the next fiscal year. With a strong client base in India and expertise in sectors such as fintech, insurtech, retailtech, and digital learning, the company is poised for further growth and success in the global market.