Indovance Forecasts Growth for 2016

Indovance, a provider of CAD and drafting outsourcing services, has projected another year of rapid expansion, a press release states. The company provides services for architectural design, mechanical engineering and civil engineering. The growth follows industry trends as companies look to decrease costs and increase efficiencies of their compact design teams, all while maintaining the highest standards of quality for all projects, according to Indovance.

With offices in both North Carolina and Mumbai, the company’s 2015 revenue increased by 50% compared to 2014. Current forecasts project a 50% to 60% growth for the 2016 year. As part of its expansion, the company plans to extend its U.S. sales force to meet the needs of interested companies.

“It’s an incredibly competitive market and companies of all sizes are having to do more work in less time and with fewer people than ever before,” said Sandesh Joshi, Indovance president and co-founder. “In 2008 and 2009, a lot of companies shut down due to the recession. After that, leaders were forced to rethink how they operate in order to increase productivity and reduce costs. That trend has continued, with CAD services now being one of the most outsourced projects today. We believe successful outsourcing depends on the team’s quality, communication and control. Indovance built its workflow process on these critical functions so it can deliver work of the highest caliber on time, every time.”

For more information, visit Indovance.

Sources: Press materials received from the company and additional information gleaned from the company’s website.