VeriSign opens IDC; plans $6m investment

MUMBAI: VeriSign, Inc. has announced the launch of a development center in Bangalore. The VeriSign India Development Centre (IDC) will undertake end-to-end product engineering, design, development, testing and software lifecycle management for products and services running over IP and telecommunications networks.






VeriSign plans to invest over $ six million in India over the next year on infrastructure, human resources and R&D in the wireline and wireless, e-commerce and other forms of online transaction processing (OLTP), security, and Oracle 11i development and maintenance areas. Spread over 20,000 square feet, the IDC will initially house 50 employees. The company expects to increase the number of employees to 125 by the end of 2005.





Outlining his vision for India at the launch, VeriSign operations and infrastructure senior VP Aristotle Balogh said, "This launch is a reflection of our commitment to provide high-quality services and products to our customers in India and across the globe. This facility will be an integral part of the VeriSign global business strategy. Our primary objective is to develop products and services, which are highly reliable, available, scalable and secure. The IDC will help VeriSign develop products and create more releases in shorter spans of time."





VeriSign global product engineering VP Manoj Srivastava will be heading the center. In this role, he is leading the corporate-wide initiative to formulate a comprehensive offshore strategy to support product engineering for VeriSign.





Speaking at the launch, Srivastava said, "The IDC will play a key role in building core mission-critical solutions for telecommunications, Internet and management information systems. We are recruiting highly qualified engineering and software professionals to work on cutting edge products and technologies. The IDC aims to significantly increase new product development capacity of VeriSign."





VeriSign provides intelligent infrastructure services to its key clients in India including many of the largest banks, international airlines and has partnered with several network operators in India.