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CDC Software to double headcount in India
By siliconindia
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Tuesday, 21 November 2006, 18:30 IST
Bangalore: In a bid to expand its presence in India, enterprise software company CDC Software, plans to double its R&D strength and increase sales. It is also looking at acquisitions in the country.
"We are close to acquiring companies in India, Europe and North America in the outsourced business services space. The acquisition of the Indian company should happen within next six months," says Eric Musser, President, CDC Software.
CDC plans to double its R&D strength from current 150 people to over 300 in next 12 months. It has moved to a new facility in UB City in Bangalore. Globally, the company has a team of 400 people in its R&D. Currently, the Indian arm of CDC focuses on development and support of the companyââ¬â¢s Pivotal CRM product line.
Two years ago, CDC bought Horizon, another Indian company dealing in outsourced business services. Now it plans to buy product companies in India, especially in the financial services and process manufacturing space.