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Hyderabad , Feb.1

SEEC Inc, a technology provider for the insurance and financial services industry, announced a move to develop a new engineering and product development centre in Hyderabad, which would be ready by March 2007.

The five-floor, 50,000 sq ft facility will have capability to host up to 250 employees from SEEC's engineering and development team.

According to a company statement quoting Mr Shane Tulloch, CEO of SEEC, "This facility will serve as the SEEC `IP factory' for developing our business component software to match specific industry processes for insurance, financial services, healthcare, telecommunications and a range of other service-driven industries."

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