GlobalLogic to hire more in India
GlobalLogic plans to invest $ 25 mn to set up new centres in India & increase headcount.
By PTI |
NEW DELHI: US-based software product development company GlobalLogic plans to invest about $ 25 million to set up new centres in India and will also raise its headcount as part of its expansion.
"We are focusing on India at present. We want to build more centres of Excellence here and have decided to open one in South India," said, Rohit Sharma, GlobalLogic Director (Marketing).
Sharma said the company will also ramp up headcount at its development centres in Noida, Nagpur and Pune to 3,000 from the current 1,600 in this fiscal.
“For GlobalLogic, India is the most important product development destination as the country houses 1,600 of the total 1,800 people it employs worldwide. Having a cost advantage of 60 per cent over other destinations like the US, the company's expansion on product delivery is going to take place mostly from India,” he said.
“The outsourced product development firm is on a lookout for acquisitions in embedded software space in India and China. It is likely to announce an acquisition in China shortly,” Sharma said.
GlobalLogic provides product development services, including product conceptualisation, product realisation, testing and maintenance to companies in telecom, finance, hi-tech and enterprise sectors.
Sequoia Capital, New Enterprise Associates and Draper Fisher Jurvetson are the main investors in the company. Some of the clients of GlobalLogic are Polycom, Telcordia, Mantas and America Online.
"We are focusing on India at present. We want to build more centres of Excellence here and have decided to open one in South India," said, Rohit Sharma, GlobalLogic Director (Marketing).
Sharma said the company will also ramp up headcount at its development centres in Noida, Nagpur and Pune to 3,000 from the current 1,600 in this fiscal.
“For GlobalLogic, India is the most important product development destination as the country houses 1,600 of the total 1,800 people it employs worldwide. Having a cost advantage of 60 per cent over other destinations like the US, the company's expansion on product delivery is going to take place mostly from India,” he said.
“The outsourced product development firm is on a lookout for acquisitions in embedded software space in India and China. It is likely to announce an acquisition in China shortly,” Sharma said.
GlobalLogic provides product development services, including product conceptualisation, product realisation, testing and maintenance to companies in telecom, finance, hi-tech and enterprise sectors.
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Sequoia Capital, New Enterprise Associates and Draper Fisher Jurvetson are the main investors in the company. Some of the clients of GlobalLogic are Polycom, Telcordia, Mantas and America Online.
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