New Delhi: IT services provider and BPO firm Cipher Dynamics on Wednesday launched its operations in the country as it aims to capture business opportunities in media and publishing sector.

Cipher has set up its ITES and BPO facility in Gurgaon, Haryana.

“India has witnessed burgeoning growth in the media and publishing, financial and other sectors and a number of mid-market companies have come up in the recent past. Through our direct office operations here, we intend to leverage on the business opportunity,” said Alan Kahn, CEO, Cipher Dynamics.

The company is eyeing revenue of one million dollar by the end of the second year, said Jack Ades, managing director, Cipher Dynamics.

The company, he said, would ramp up the headcount by the end of this year. However, he declined to comment on the number of employees they were planning to add.

Cipher offers customised solutions for verticals including financial services, retail and hospitality and focuses on mid-market companies. The firm also offers a consolidated business solutions for media companies.