Bangalore: Mid-sized IT services firm vMoksha Technologies today (Nov 4, 2004) said it plans to hire nearly 500 software professionals at its development centre in Bangalore by May 2005.

The Bangalore-based vMoksha Chairman and CEO Pawan Kumar told reporters in Bangalore that the firm presently has about 510 employees and would rapidly reach to over 1,000 in the next six months.

He said the IT business environment was encouraging for expanding its operations in the country.

The five-year-old vMoksha reported revenues of $ 14.7 million last fiscal and aims to achieve revenue of $ 100 million in the next three years, Kumar said.