LogicaCMG to hire over 1000 staff in B'lore

BANGALORE: LogicaCMG, the global IT services company, said it would recruit over 1000 staff in India in 2005, to support its growth plans for it's offshore and South Asia operations. It also announced plans to invest in new infrastructure during 2005.

The company marked the first stage of this investment by inaugurating today its state-of-the-art campus-style facility located at the Technopolis close to Bangalore International Airport. This currently accommodates around 1200 LogicaCMG employees and will have the capability to house around 2200 employees by the end of 2005.

The company's outsourcing business represented about a quarter of group revenues in 2004, and it plans to increase this to 30% during 2005. The company recently won a ten-year strategic outsourcing agreement using its global blended delivery model with a leading provider of insurance and risk management services in the UK.

LogicaCMG's domestic operation in India concentrates on the financial services and telecoms sectors. It is now focused on implementing its RTGS-readiness and anti-money laundering solutions across all the major private and public sector banks in India. In the telecoms sector, it is developing next-generation messaging solutions.

In the South Asia market, the company has extended its footprint into new territories like Sri Lanka, Bhutan, Bangladesh and Pakistan, with several new mobile telecoms and financial services customers.

In a press conference, Dr. Martin Read, Group Chief Executive, LogicaCMG plc, said, "India is the fastest-growing operation of LogicaCMG worldwide and will be the third largest operation by headcount after the UK and the Netherlands by the end of 2005. It forms a critical component of our global blended delivery model that we use to provide outsourcing solutions to our clients. Our new facility is further proof of our commitment to India."