VMware to invest $100-m in India

VMware to invest $100-m in India

Opens a new R&D facility in Bangalore; plans to double its development team

CMN Bureau

Monday, March 24, 2008

BANGALORE, INDIA: VMware, provider of virtualization solutions, today announced the opening of a new R&D facility in Bangalore and an investment of $100 million in India by 2010.

“India is a very significant market and core to our R&D strategy. Virtualization is a biggest growth area in the IT software industry. Emerging markets have huge opportunities. Especially the ‘high growth’ in India is a major accelerator for us to invest more in India,” said Diane Greene, president and CEO of VMware at a press meet here.

The company also announced its plans to double India-based engineering organization to more than 1000 people in the next two years.

The company employs nearly 700 employees, including 500 developers across India.

The new facility, covering an area of 82,000 sq.ft., is the extension of the existing R&D operations in Bangalore and Pune.

It will support new and ongoing research and development across the company’s entire product portfolio for desktop and data center virtualization.

“India has both an excellent technical education infrastructure and outstanding people. India is also one of our fastest growing markets and where we have increasingly important system integrator partners. For these reasons, we are now substantively increasing our investment in India,” she added.

The company has more than 300 customers and more than 160 channel partners in India.

It has offices in Bangalore, Pune, Chennai, Delhi and Mumbai. It has also established strong ties with local universities in the country.

(cmn@cybermedia.co.in)

©CyberMedia News