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Cambridge Tech India to treble staff

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CIOL Bureau
New Update

MUMBAI: Cambridge Technology Partners, India, a fully-owned subsidiary of

US-based software consultancy Cambridge Technology Partners Inc, said on

Thursday it will treble its Indian workforce in two years as part of plans to

expand offshore services.

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Indian arm managing director Dinesh Puri, told a news conference the

technology services firm will increase its employee strength to more than 500 by

2003 from the current 160. "We want to build ourselves as a top-tier

consulting company and use the cost structure of India to build value," he

said.

The Cambridge, Mass.-based firm, which set up shop in India in January 1998,

has offshore development centers in Bangalore and Delhi. Puri said Cambridge was

also keen on extending its client base in India, besides targeting markets in

other parts of Asia, Middle East and Africa.

He said the Indian firm's expansion plans were unlikely to be affected by the

acquisition of its US parent by business software maker Novell Inc. Novell

announced in March it will acquire Cambridge in a stock swap deal worth about

$255 million. Puri said Cambridge Technology Partners India will function as an

independent subsidiary of Novell after the acquisition.

(C) Reuters Limited 2001.

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