The Hindu Business Line

Tech co Arce­sium opens 2nd of­fice in Hy­der­abad

- Business · Tech · Hyderabad · India · D. E. Shaw & Co.

Arce­sium, a New York­head­quar­tered tech in­no­va­tor of post-trade solutions, has an­nounced the ex­pan­sion of its of­fices to a sec­ond lo­ca­tion in Hy­der­abad’s IT cor­ri­dor.

With this new ad­di­tion, Arce­sium is look­ing to ex­pand its em­ployee strength from 800 to 1,500 in three years. Gau­rav Suri, CEO, launched the new fa­cil­ity a few weeks af­ter Arce­sium cel­e­brated its fourth an­niver­sary.

Built on a plat­form de­vel­oped by The DE Shaw group for its own post-trade ac­tiv­i­ties, Arce­sium was spunoff in 2015 with more than 300 engi­neers and fi­nance pro­fes­sion­als. The In­dia of­fice to­day has 800 em­ploy­ees.

Re­cruit­ment for the ex­tended teams is on­go­ing from top en­gi­neer­ing and busi­ness schools.

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