A Bengaluru-based start-up GyanMatrix (GMX) is tapping universities and colleges particularly in Coimbatore region to set up Centre of Excellence.

The company is negotiating with Sri Ramakrishna Engineering College and Karpagam College here, wherein students will be trained and moulded into “real software engineers” when they come out of the one-year course, being offered, Gyanmatrix Managing Director, Rajan Parasuraman said.

The company is into creating Enterprise mobile Apps, Technological Incubation, Enterprise Web Solutions, Analytical Services and Infra Operations, Rajan said.

“Gyanmatrix, being technology incubators, did not want to be just another servicing company in the crowd, but wanted to take full responsibility of incubating the clients, rather partners .  The company was started with a mission “to serve our partners with a difference”, he said.

“The company which started with five members in 2015, is now 120 plus and aims to touch 200 by the end of 2016,” he said.

Another major milestone for the company is, that News UK, the publisher of some of the most read and most loved news brands, including The Sun and The Times, have partnered with GyanMatrix (GMX), to build a new technology Centre of excellence for its word-class news products.

On the company’s new app ‘Loany,’ Rajan said that about 3,500 people have downloaded the 3-month old app and Rs. 200 crore worth transactions have be done.