BANGALORE: Sunnyvale, USA-based Interwoven Inc., a provider of enterprise content management (ECM ) solutions, plans to double its existing headcount of 60 engineers at its Indian Software Services subsidiary in Bangalore.

While the Indian center represents 20 per cent of Interwoven's overall engineering workforce now, the company hopes to increase this to 40 per cent next year.

James Murray, VP, Asia Pacific, Interwoven inaugurated the company's new 30,000 sq ft facility, which would house the company's product development, quality assurance and technical support teams.

The Indian center is the only non-US development facility for the company, which has four other development centers in the US. This center focuses on almost all product development across the company's ECM spectrum.

Murray said that the team's growth in India would not be at the cost of job shedding at the US centers.

Briefing the media, Murray said that besides doing product development in India, the company had also managed to acquire several big-ticket customers in India such as ICICI Bank, HDFC, Bharti, Asian Paints and the National Stock Exchange among others.

“Analysts have predicted a 19 per cent CAGR in the EMC market, but in India it is growing by 26 per cent every year,” he said.

Forrester Research has recently ranked Interwoven as leader in the web content management space.

Murray said that while Interwoven faces competition against the likes of IBM, Microsoft and EMC, its value proposition lay in its solution-centric approach.

“These companies are focused on providing toolsets while we provide business benefits to customers,” he added.

Interwoven, which clocked $171 million in revenues last fiscal, provides business solutions for various divisions of enterprises to tackle unstructured data. These include solutions for accounting, channel management, collaborative portals, legal, deal management and email management.

Besides these solutions, the company has a suite of products for content management, digital asset management, records management, content intelligence, content distribution and provisioning.

Market reports estimate the content management software market in APAC, excluding Japan, at $102 million and a CAGR of 16.6 per cent. This is expected to touch the $200 million mark by 2010.