The Hindu Business Line : SSA to invest $13 m in India over next year

SSA Global, a provider of extended enterprise solutions and services, on Monday said it plans to invest about $12-13 million in India for expanding its development and support activities over the next 12 months.

"Last year, we had invested $10 million in India and we plan to invest $12-13 million in the next 12 months. We expect to grow 20 per cent each year for the next couple of years in terms of our headcount, and also double our revenues here," Mr Graeme Cooksley, Executive Vice-President of SSA Global, said here.

SSA's development and support strength in India is currently pegged at 480, he said adding that the company planned to add 120 professionals in the next one year at its existing development location - Hyderabad. SSA's worldwide development strength stands at about 1,400, with India and Holland centres as the largest single sites.

Mr Cooksley further said that the company had acquired seven clients in India in the last quarter and had about 230 customers.

For SSA, the top markets in the Asia-Pacific region included Japan, Australia and New Zealand, China, India, Thailand, and Singapore.

" Since our software is focused on the manufacturing sector, we see India as growth opportunity not only in terms of resources but also as a market," he added. "We have not acquired a company in India till now. But that is not to say that we will not do an acquisition in India in future ," he said