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MindTree to set its footprint in Mexico too
By siliconindia
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Friday, 11 July 2008, 18:07 IST
Bangaore: MindTree, an IT and R&D services company, will open a new development center in Monterrey, Mexico later this year. The new development center will help the company strengthen its near shore operations in the United States and Latin America. The leading designer and manufacturer of analog and digital technologies have signed on to be the first client serviced from the new location.
"MindTree is growing at a rapid pace both organically and inorganically as reflected by our recent Aztecsoft acquisition. To help support this growth, we are expanding our services and development center locations," said Scott Staples, president and co-CEO of MindTree IT Services. "As part of this initiative, we feel that Mexico is a strategic nearshore location that provides more options to our many North American customers to serve their unique sourcing requirements."
As interest in near shoring grows in North America, MindTree's Mexico facility will offer customers the benefits of proximity, cultural similarities, low attrition rates, and a strong physical infrastructure and government support. The Monterrey development center will employ approximately 250 people with room for further expansion as client needs demand. Scheduled to open on November 1, 2008, the development center will provide services, including Application Development and Support; Product Development and Support; and Testing.
In addition to the new Monterrey facility, MindTree has recently opened a new development center in Chennai, India, joining MindTree's three development centers in Bangalore. The company has also acquired land in Bhubaneswar to set up a development center
