Financial Daily from THE HINDU group of publications
Thursday, Dec 01, 2005
Financial Daily from THE HINDU group of publications Thursday, Dec 01, 2005 |
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Software Info-Tech - Announcements SAS to invest $20 m, double R&D strength Our Bureau
Mr Jim Goodnight
New Delhi , Nov. 30 BUSINESS intelligence software and services company, SAS, on Tuesday said it plans to invest close to $20 million in its research and development (R&D) operations in Pune over the next 2-3 years and double the R&D headcount. "In the next 2-3 years, we are looking at an additional investment of $20 million in R&D. We run about $5-6 million in investment per year, at present. We will be doubling our R&D staff here in India in the next two years," SAS CEO, Mr Jim Goodnight, said on the sidelines of India Economic Summit 2005 here. SAS currently has 150 employees in the Pune R&D centre and expects to grow the number to at least 300 people within two years. "We also have sales and services offices in Delhi, Mumbai, Pune and Bangalore. That operation, where we are providing software to Indian customers and multinational companies located here, is growing at 75 per cent a year. So we are seeing a tremendous growth in software revenues right here in India," Dr Goodnight said. He said the company believed that the best way to run remote R&D is to assign specific new products and projects in their entirety to different R&D locations. He, however, brushed aside the recent debate in the sector over the creation of unions in IT and BPOs. "The scope of unions only comes where there is stagnation of job opportunities," he said.
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