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Synplicity expands its R&D centre in Bangalore
By siliconindia
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Tuesday, 30 October 2007, 19:30 IST
Bangalore: Synplicity,(Nasdaq: SYNP) a supplier of innovative IC design and verification solutions, today inaugurated its new development facility in Bangalore. This facility is a part of the ongoing expansion of Synplicity in India and is located at the International Technology Park, Whitefield. The new office was inaugurated by Gary Meyers, President and Chief Executive Officer, Synplicity Inc.
Synplicity's India team consists of one third of the organization's worldwide R&D team and this will grow up to 50% within the next four-five years. Synplicity India has also announced that it will increase its headcount by 20-30 percent by end of 2008.
Commenting on the inauguration of its new office in Bangalore, Meyers, said, "India's role in Synplicity's global strategy has become crucial. The India center has contributed significantly to all of our products and we plan to continue increasing our presence here." The India centre of Synplicity is the second largest development facility of Synplicity. Meyers pointed out that more than 50 percent of the product development activities are carried out in the India centre. Along with the product development, testing activities and customer support activities are also carried out here. Synplicity is planning to focus on 45 nanometer technology which is emerging in the space to increase the potential of the chip.
Dr. Ananda, Managing Director, Synplicity India said, "Synplicity's growth in India is a reflection of our commitment and the consistently improving capabilities of the India center. With India's strong base in chip designing, the EDA industry has tremendous growth potential in the country. The Indian EDA product market is expected to grow to $1 billion by 2015. We will continue to expand our operations to leverage this market opportunity."