Symantec upbeat on India, eyes acquisitions

MUMBAI: Buoyed by the encouraging performance in India over the last few years, global security solutions provider, Symantec Corporation, plans to focus on expanding its base through strategic acquisitions, a top company official said.

"India is an important destination for us. We are looking at acquisitions all the time and we will certainly want to acquire as many companies. We will be investing heavily in India to expand our presence in terms of IPs, sales offices, R&D units and increasing our workforce," Symantec's Vice President, Asia South Region, Eric Hoh, said.

Symantec has so far acquired around 160 different companies globally, he said, without, however, divulging any details about investment or acquisitions in India.

To expand its footprint, the company also plans to ramp-up distribution and enter into more partnerships with telecom firms, Hoh said.

Symantec currently has over 2,800 employees in India and three R&D centres--at Pune, Hyderabad and Bangalore. It also has six sales offices in major metros and plans to set up more in Tier II cities.

Hoh, alongwith Symantec's Vice-President, World Wide Sales, Bill Robbins, were in India to present the Symantec Luminary awards to IT leaders, across locations and sectors, for their innovative use of its products and services to deliver business benefits to their organisations.