Kannan Ramaswamy, former MD, South Asia, LogicaCMG has launched his own company called Ambletek Solutions.

Ambletek Solutions will focus on IT services and Consulting in the Financial Services sector. Headquartered at Bangalore, Ambletek Solutions has expanded its operations, with a facility in Chennai and will be opening another facility in Mumbai shortly.

"Ambletek Solutions is an IT Consulting and Services company undertaking high end projects in the areas of risk and compliance and payments in the Financial Services sector which includes Banks, Insurance and Securities market" said Kannan Ramaswamy, founder and CEO of Ambletek Solutions.

The company will shortly announce the acquisition of a Banglaore-based IT company. Ambletek is also considering investing on an off shore development facility and Testing centre for Financial services products.