IBS to set up R&D center in India

By SiliconIndia   |   Thursday, 21 September 2006, 07:00 Hrs
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Mumbai: British software solutions provider Intelligent Business Systems (IBS) plans to set up a research and product development center in India. This will primarily focus on leveraging the growth potential in the world's fastest growing technology market.

Kaustubh Chokshi, CEO of IBS, said "We will be setting up a development center in Mumbai, where we will be employing more than 300 people. The center will develop systems and solutions for the global market," company CEO Kaustubh Chokshi told PTI in Mumbai.

The proposed center will be operational in three months. IBS, which implements computational and artificial intelligence solutions for business intelligence, is planning to tap the growth potential in the banking and retail industry in India.

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