The Hindu Business Line : Adaptec to invest $25 m more in R&D centres

ADAPTEC Inc, a Nasdaq-listed storage solutions provider, plans to invest about $25 million in Indian R&D operations based out of Hyderabad and Bangalore, double its headcount and establish a test laboratory.

The President and Chief Executive Officer of Adaptec, Mr Robert N. Stephens, said the global storage industry was going through a transition where newer technologies are set to change the way storage applications were handled.

Adaptec, which has strategic arrangements with large corporations such as Dell, H-P, IBM and Intel, will expand its product profile leveraging the Indian R&D centres.

The Vice-President of Adaptec, Mr. Ram Jayam, said: "India has become a R&D centre for Adaptec that enables us to work much more closely with our OEM partners. We are eager to accelerate product development to meet the growing customer demand for our IP storage products. Indian operations will take on increasing importance in driving the expansion of the direct attached and external storage solutions. In the first year, we are set to invest upwards of about $5-$6 million in India."

Adaptec, which currently has two centres, Hyderabad and Bangalore, plans to add another 25,000 sq. ft building that will help in doubling the headcount in India.

The company plans to build an engineering laboratory and test facilities as a part of the company efforts to work 24-hour engineering operations and accelerate time to market, Mr Jayam said.

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