Solix to expand its R&D team

By agencies   |   Thursday, 06 October 2005, 19:30 IST
Printer Print Email Email
BANGALORE: Solix Technologies has decided to expand its research and development (R&D) team at its India center in Hyderabad. In order to strengthen its presence in the market Solix Tech is looking towards strategic partnership in various regions. Besides, in the next one year the company is also planning to add 250 people to increase the headcount. “We have decided to invest about $3 million in physical infrastructure and human resource to strengthen our R&D team here,” said Sai Gandavelli, President and Chief Executive Officer of Solix Technology. Moving into the lines of Google, which provides search information on web to an individual, Solix Tech enables companies to extract information from their enterprise database on various databases, such as Oracle, IBM or Microsoft. Gandavelli said: “Solix helps to extract, segregate and make large database more accessible. The large size e-mail and document would be hard-pressed to managed its large size.” Recently the company formed a tie-up with IBM, which shows its market potential, he said adding: “By 2007, the estimated market size of the segment would be about $4 billion.”