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Our Bureau

Banglaore , April 14

Technology and management consulting firm BearingPoint, previously known as KPMG, set up a global development centre in Bangalore on Friday.

The new facility covers an area of 55,000 sq ft and can seat 600. A team of 100 have already begun operations, said Ms Joni Kahn, Head, Technology Solutions, BearingPoint, USA. The company's "aggressive and strategic growth" plans include hiring 1,000 in the next two years, she said.

In reply to a query on the choice of the city, in view of recent events, Mr Kahn said that Bangalore was still the talent hub. "Moreover, global clients are more familiar with Bangalore," she added. Majority of the company's workforce are senior consultants, with an average experience of 5.3 years vis-à-vis the industry average of 4.8 years. This kind of talent can be found only in this city, she said.

The company is "looking to invest significantly in the Bangalore centre," said Ms Kahn, without revealing actual investment figures. She also said she was optimistic about the centre's growth in short term. The centre would offer full service abilities in sectors such as banking, insurance, telecom, retail, oil, manufacturing, hi-tech, life sciences and software product development. Capabilities include software development, ERP implementation, Application Integration and Management and Business Process Outsourcing.

BearingPoint already has a 300 odd team in Chennai, in partnership with Covansys. The team is currently executing 35 projects. Ms Kahn said that the company expected more "organic growth in Bangalore."

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