Business Daily from THE HINDU group of publications
Tuesday, Jul 03, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Jul 03, 2007 ePaper |
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Info-Tech
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Outlook Vensoft plans $10-m investment in India
Our Bureau Hyderabad, July 2 Technology solutions provider Vensoft has announced plans to invest $10 million in expanding their operations in Hyderabad including setting up of a virtualisation lab. The company headquartered in Phoenix, Arizona (US), plans to hike its headcount from 400 to 1,000 within two years and step up the offshore component of the company which their global customers are demanding. Immense Scope
The Chief Executive Officer of Vensoft Inc, Mr Shyam Byra, said that the company was in the process of developing products in the areas of quality assurance services. Answering newspersons after inaugurating their new facility in Hyderabad, Mr Shyam said that the company was in the process of establishing Assured Reliability Services Centre and a Virtualisation Lab. Referring to the need to focus on the domestic market, Mr Shyam said that they plan to develop products that meet the domestic requirements. The local market in the country is poised for growth and offers immense scope to tap into. The company has also developed search technology for radiological services and sees immense scope to offer this in the US market.
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