Corio unveils India subsidiary

By siliconindia   |   Friday, 13 December 2002, 20:30 IST
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SAN CARLOS: Corio, Inc. (NASDAQ: CRIO), an enterprise application service provider, Thursday announced the establishment of its Corio India subsidiary. The new subsidiary will enable Corio to offer the best-cost proposition for enterprise applications management through an integrated offshore model. Corio India will extend research and development and customer support capacity for Corio’s leading enterprise ASP model. While core development and support will remain in US-based facilities, Corio India will provide additional development resources through an offshore team and closely managed alliances with local firms. Corio India will augment overall support capacity, facilitate 24x7 support, and enable “around the sun” support coverage for Corio’s growing base of global customers. “Corio India will offer many benefits to our customers. In addition to extending our US-based team with a pool of talented resources, our new subsidiary enables us to extend our development and support capacity and reduce costs for our customers,” said Parmeet Chaddha, senior vice president, Corio Technologies.