Progress Software to expand Hyderabad center

By siliconindia   |   Friday, 16 March 2007, 05:00 Hrs
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Hyderabad: NASDAQ listed Progress Software is expanding its India operations by investing $5 million at its Hyderabad center and also increasing headcount from 90 to 120 by the end of the year. Bill DeLong, Vice President (worldwide customer services and operations), Progress Software said, "We are witnessing a year -on-year growth of about 40 percent in our investment in India. We started India operations in 2005 in Hyderabad at an investment of $2 million and later stepped it up to $3.5 million." A daily newspaper quoted him saying that over the years, Progress Software has shifted almost all product development work to India. Progress Software Corporation provides application infrastructure software for the development, deployment, integration and management of business application. "We focus on supporting service-oriented architecture (SOA) deployments with products that easily create, connect, mediate and control interactions among new business services. We also provide new technologies that provide solutions for real time event processing, SOA governance, and federated data service management," he added. The company is also looking at inorganic growth. "During the last two years, we have made five acquisitions. We are looking at companies, which can bring in synergies to our existing products and services," he added. The company also has a services division, which contributes over$40 million to its entire turnover. "These services are based on our products. With our product division growing considerably, we expect our services division revenues to go up in the future," he said. The company employs 1,600 people globally

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