Constellation Perseus Launches DarkMatter, its GCC in Hyderabad
Constellation Software’s Perseus Group, a global leader in vertical market software, has announced the launch of its Global Capability Centre (GCC) in Hyderabad under the name DarkMatter India Technologies. This expansion aims to strengthen the company’s technology development, research, and customer support while supporting its growing client base worldwide. The Hyderabad GCC will serve as a hub for AI, machine learning, cloud computing, and cybersecurity. Speaking at the launch, Scott Smith, president of Constellation Perseus Group, said, “India is a key market for us, and Hyderabad, with its thriving tech ecosystem and deep talent pool, presents the ideal location for our Global Capability Centre. This expansion reflects our commitment to investing in innovation and building a world-class workforce to drive the future of technology.” Investment and Expansion Plans Constellation Perseus Group has made a significant investment in its Hyderabad office, focusing on infrastructure, research, and talent development. The Hyderabad GCC currently employs 750 people and plans to triple its workforce over the next few years across domains such as software engineering, data science, and cybersecurity. The company also plans to acquire and invest in Indian technology to enhance its innovation capabilities. “By tapping into India’s exceptional growth trajectory and leveraging its dynamic innovation ecosystem, we aim to drive greater value for our customers and enhance our technological capabilities,” Smith added. Telangana’s GCC Growth and Hyderabad’s Strategic Role Hyderabad is fast becoming a global technology hub, particularly in the BFSI (Banking, Financial Services, and Insurance) sector. Duddilla Sridhar Babu, Telangana government’s IT, electronics, communications, industries, and commerce minister, highlighted the state’s progress. “Hyderabad is already home to five of the world’s top BFSI Global Capability Centres, with industry giants like Wells Fargo, Bank of America, and Goldman Sachs driving innovation from here,” he said. With the recent signing of an MoU with UBS and the addition of Constellation’s Perseus Group DarkMatter, Telangana continues to lead as a global hub for BFSI innovation. Telangana now hosts 355 GCCs, which generate $10 billion in revenue and employ 3 lakh skilled professionals. India as a whole has 1,800 GCCs, a number expected to grow to 2,500 within the next three to four years. Yet, 75% of the Fortune 500 market remains untapped. DarkMatter India’s Vision and Leadership Under the leadership of Ravi Varma, president and managing director of DarkMatter India Technologies, the company plans to further strengthen its innovation-driven approach. “We are excited to launch our centre in Hyderabad, a city that has become a hub for top technology talent. The GCC will house a dedicated product engineering team, driving innovation and enhancing the company’s suite of technology solutions,” Varma said. DarkMatter Technologies began its journey in India in 2024 with a strategic acquisition, rapidly expanding its workforce to 750 employees. The company plans to triple its workforce in the coming years to support its operations in the US, Canada, Africa, and Australia. Part of the Constellation Perseus Group’s Global Network DarkMatter Technologies operates under the Constellation Perseus Operating Group, which is part of Constellation Software Inc (CSI) – a global software and services provider. CSI focuses on acquiring, managing, and scaling software businesses. With CSI’s backing, DarkMatter Technologies is rapidly growing in the mortgage banking sector by integrating AI-powered loan origination technology solutions.With its Hyderabad GCC, strong industry partnerships, and expanding workforce, DarkMatter India Technologies is set to become a key player in global technology innovation and business expansion
Constellation Perseus Group has made a significant investment in its Hyderabad office, focusing on infrastructure, research, and talent development.
Constellation Perseus Group has made a significant investment in its Hyderabad office, focusing on infrastructure, research, and talent development.
["AI", "GCC india"]
["data science", "Go", "API", "machine learning", "AI", "cloud computing", "RAG", "Aim", "GCC india", "GAN", "R"]
["AI", "machine learning", "data science", "Aim", "RAG", "cloud computing", "R", "Go", "API", "GAN"]
Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.