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VeriSign opens IDC in Bangalore
By siliconindia staff writer
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Tuesday, 03 May 2005, 19:30 IST
BANGALORE: U.S.based VeriSign Inc., a provider of intelligent infrastructure services for the Internet and telecommunications networks, today opened its India Development Center here and announced $6 million investment in it for this year.
The center would initially house 50 employees and the company expects to increase the headcount to 125 by the end of 2005, VeriSign senior executives said.
Manoj Srivastava, Vice President of Global Product Engineering, VeriSign, said the development center here would undertake end-to-end product engineering, design, development, testing and software lifecycle management for products and services running over IP and telecommunication networks.
The $6 million investment would be on infrastructure, human resources, and R & D in the wireline and wireless, e-commerce and other forms of online transaction processing (OLTP), Srivastava, who heads the center, said.
VeriSign Senior Vice-President, Operations and Infrastructure, Aristotle Balogh, said the companys R & D workforce in India is expected to be ramped up to 400 in the next four or five years.