The Hindu Business Line : Seec to invest $2 m in India expansion

SEEC Inc, a technology products and services provider, has announced plans to significantly ramp up Indian operations that would see the company establishing its own development centre, increase its headcount by investing about $2 million by this year end and expand its services division.

Speaking to a select group, the Vice-President of Seec Technologies Asia, Mr B. Srihari Rao, said Seec would invest significantly in both infrastructure as also manpower.

Mr Srihari Rao said the company was in the process of finalising plans to develop its own campus in the L&T Infocity here which would have the capacity to host about 400 people and see investment of $1 million.

The company will also be investing about $ 1million in human resources and marketing initiatives over the next year or so.

" The expansion project would be part funded through internal resources and by debt. We are a debt-free company, and have logged revenues of about $4 million in 2003-04 and expect to achieve revenues of $7 million this year through increased focus on legacy modernisation services," Dr Kishore Buddhiraju, Vice-President, Seec, said. "Seec has partnered with some of the largest global software services providers and system integrators in their processes to support their clients.."

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