Nous Infosystems, Bangalore-based IT services company has embarked on an acquisition spree.

The company plans to buyout five small-sized firms, three based in the US and two in India, the deals for which are nearing conclusion.

Talking to Deccan Herald, Nous Infosystems President Ajith J Pillai, said, “we are looking at a spend of about $ 5-10 million over the next two years to fund our inorganic growth plans”.

The company plans to double headcount, from the current 700, by the end of the year. IT services and testing and validation divisions would be our the growth drivers.

Nous has 100 clients mostly in the US. Its turnover in previous year stood at $13 million, with a year-on-year growth of about 80 per cent. Established in 1996, Nous’ earliest product was Nous Electronic Stock Trading (NEST), designed for NSE brokers. The company went on to develop its flagship product ‘Medinous’, fully integrated hospital management software.