• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , May 12

VIRTUSA Inc, a US-based software firm, will invest $10 million to $12 million (Rs 45 crore to Rs 60 crore) in the next 12 months in Chennai.

A major portion of the investment that started in April 2004 is in the new development centre in the city. Inaugurated in February, the centre can accommodate about 1,500 software development professionals. The company currently has about 100 employees in Chennai and plans to increase it to 500 in a year, said a company official.

The company's Chairman and CEO, Mr Kris Canekeratne, told newspersons here today that globally the company planned to increase the number of its employees to about 2,800 by the year-end. Virtusa now has about 1,900 employees working in technology centres in the US, Sri Lanka and in India (Chennai and Hyderabad). Of the 1,900 employees, 1,200 are in India.

The company focuses on advanced information technology services by working with independent software vendors and global firms from financial services, telecommunications, retail and manufacturing, he said.

.

More Stories on : Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Adaptec wins award

Copyright © 2004, 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