Polycom eyes string of acquisitions in India

By SiliconIndia   |   Thursday, 29 November 2007, 11:59 Hrs
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Hyderabad: Polycom, a U.S. based leading unified collaborative communications solutions provider, is looking at acquisitions in India. The company has put aside $300 million to fund its inorganic growth plans and is targeting companies that will help enhance its technology solutions or market access.

"We are yet to finalize our acquisition targets in India as inorganic growth is part of our global business strategies. As India is a growing market for our products and technologies, an acquisition will help us speed up our growth here. We are also looking at other geographies including Europe and the U.S. for acquisitions," said Sunil K Bhalla, Senior VP & General Manager (voice division), Polycom.

The company is also stepping up its investment in India. As part of this strategy, the company has set up a R&D center in Hyderabad at an investment of $5 million.

The Hyderabad R&D centre will focus on developing patentable technologies for the company?s voice communication solutions for mobile, desktop and conferencing applications. The centre will also work with Microsoft for building unified communication devices.

"We are also entering tier II cities and will open offices in Pune, Ahmedabad, Bhopal and Chandigarh next year. This will help us get closer to the growing markets in these places. Besides, our existing customers in India including KPOs and BPOs are also expanding to small cities," said Yugal Sharma, regional director (India & South Asia), Polycom.

The company has marketing and sales offices in Delhi, Mumbai, Bangalore and Hyderabad and has finalized locations in Chennai and Kolkata as well.

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