Business Daily from THE HINDU group of publications
Tuesday, Jun 16, 2009
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Business Daily from THE HINDU group of publications Tuesday, Jun 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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Software Ceredox's new facility in Hyderabad Hyderabad, June 15 Social networking and e-media/broadcasting solutions provider, Ceredox Technologies, has set up its 120- seat facility in Madhapur here. As part of its expansion, the company, which is a wholly-owned subsidiary of Virginia-based Loginsoft Consulting LLC, will be hiring over 35 people in the next six months, Mr Sumanth Reddy, Director of Ceredox, told Business Line after the inauguration of the facility here. "We are already present in Hyderabad since 2007 and clocked a turnover of Rs 50 crore last year. The new facility will now help us to expand our operations," Mr Reddy said. The facility would function as an offshore development facility for the US clients, Mr Reddy said adding: "We have key clients such as Verizon Communications, Time-Warner, Hanleywood LLC and Scripps Networks." The company's is expecting strong growth this year to take its turnover to over Rs 80 crore, he added. - Our Bureau More Stories on : Software
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