Business Daily from THE HINDU group of publications
Friday, Oct 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Oct 19, 2007 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Info-Tech
-
Research & Development Quantum to invest $10 m in R&D centre Our Bureau Hyderabad, Oct. 18 Back-up and recovery technology company Quantum Corp today commissioned Quantum India Development Centre to handle R&D work and expanded its sales arm to tap the domestic market. The $1-billion storage company after the merger with ADIC, now plans to invest about $10 million (about Rs 40 crore) in the centre located near the Hitec city here over the next two years. The company plans to take up research related to tape storage market. The Chairman and Chief Executive Officer of Quantum, Mr Rick Belluzzo, said: “the new R&D team here will play critical role in the company’s back-up, recovery and archive strategy. The market for back-up and recovery has grown significantly over the years with regulatory mandates on compliance.” Addressing a press conference at the new facility, Mr Belluzzo said customers in India have demonstrated that data requirements continue to grow at more than 50 per cent per year across areas such as Government, financial services and rich media applications. The new R&D centre headed by Mr Ravi Kollipara, has the mandate to work on the entire product development lifecycle, including design, development, maintenance and support for disk, software and tape products. More Stories on : Research & Development | Storage
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|