![]() Financial Daily from THE HINDU group of publications Friday, Feb 11, 2005 |
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Info-Tech
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Software Brooks Automation to invest $15 m Our Bureau
Chennai , Feb. 10 BROOKS Automation of the US will invest $15 million in its India operations over the next three years. About $10 million of that will go towards paying salaries, as the company intends to increase the headcount in its software development centre here, the company's Senior Vice-President, Mr Jeff Cassis, said at a press conference here on Thursday. The company now has 62 people on its rolls, which it proposes to raise to 95 in 2005. Brooks Automation's software division develops software that helps improve efficiency of manufacturing processes. For example, it has developed a software product that can be used by companies, which have RFID (radio frequency identification) installations for processing the information thrown up by RFID devices. In 2004, its revenues were about $120 million. Mr Cassis expects this to grow by about 25 per cent each year over the next three years. Revenues from India operations would then be about 10 per cent of the total revenues, he said. Mr Cassis and other senior officials of Brooks Automation were here to occasionalise India operations completing one year of existence.
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