37% Y/Y Revenue Growth for MSys Technologies in 2021

MSys Technologies LLC recorded a business performance for the year ending 2021.

It continued its growth trajectory from 2020 and finished 2021 with its best-ever financial quarter (4Q21). Its growth is attributed to pandemic-induced adoption of digital transformation technologies and an uptick in transition to the cloud.

MSys’ Growth Trajectory in 2021
The company stated that the ISVs and enterprises across the globe echoed a need to be battle-ready for countering the post-pandemic shift in the technology consumption pattern. It became essential to facilitate software core modernization, leveraging the as-a-services model, particularly via SaaSification.

Moreover, sustainable software product development also meant:

• Ensuring long term remote plan, tech skills strategy, team productivity
• Hiring the talent for maintaining BC
• Building newer revenue streams by leveraging new opportunities

The company remained at the helm of the needs of ISVs and enterprises and helped them sail through a wave of digitalization anchored on emergent technologies.

Its product engineering services for its clients was driven by building capabilities around AI/ML, cloud modernization, security, Blockchain, DevOps/SRE, Microservices, QA, K8s, automation, and UI/UX.
 
Sanjay Sehgal, CEO reflects: “The challenging permutations presented by 2021 also tested our commitment to churn state-of-the-art technology innovations continuously. To our customers’ great satisfaction, we met the challenges head-on and helped enhance business value across the global market. This also underpins the prowess of MSys’ engineering teams and innovation culture, which remains second to none.”

MSys’ Culture of Care
The firm worked towards strengthening the talent programs in order to increase productivity and to improve their work-life balance in this remote working environment 

The company executed a number of initiatives like virtual connect sessions, town hall meetings, focus group discussions, skip-level meetings, and one-on-one sessions.

It also introduced leadership development programs to aid in the development of leadership quality, skill sets, and career routes.
 
MSys’ Business Roundup
Sunny Raskar, VP and global head, sales and marketing, said: “I am pleased to state that we ended 2021 on a high note in continuation to our performance in 2020. We remained hawkish on our 2 key principles of Technical Ingenuity and Customer-Intimacy value model. This brought innovation to the table and took customer satisfaction to the next level. Most of our customer wins were organic in nature, reinforcing the trust of clients in MSys. We would heartily invite the ambitious business leaders to join us and get an unfair advantage for creating software products.”

Sehgal added: “MSys is in a high-growth mode and is ready to deliver a strong digital ecosystem with multi-cloud implementation and allied services, to the ISVs and enterprises.”

The firm recorded a double-digit revenue growth and likewise added multiple new logos in 2021. It forged multi-year, multi-million partnerships driven by digital needs – and created a lucrative pipeline for 2022. It increased the headcount by over 40% in 2021. The company also stated that it increased its tally of unicorn clients to 7 in 2021.

Awards

• IAOP – IAOP Global Outsourcing 100
• Stevie Awards – The 2021 American Business Awards – Bronze Winner
• Stevie Awards – Winners Announced in 2021 People’s Choice Stevie Awards for Favorite New Products
• DevOps India Award – DevOps India Summit Awards 2021 – Winner System Integrator category for Best SRE Project of the year

Recognitions

• Cigniti – 100 Software Testing Tools
• Top Mobile App Development Companies – World’s Top 2000+ Mobile App Development Companies
• Vendorland – Top DevOps Companies
• Vendorland – Top AI Companies

Announcements

• Plans to double its revenue by the year ending 2022
• Plans to launch SaaS-based project management tool for ISVs and enterprises in 2022
• Plans to open up offices in California and Australia
• Plans to expand India office – eyes Hyderabad as next location
• Plans to resume its acquisition spree to extend its capabilities in technologies, will acquire one or two companies by the end of 2022
• Plans 5x growth by 2026. Plans to increase employee count over 6,000