Silverline to expand in Europe

MUMBAI: Indian software services firm Silverline Technologies Ltd. will add

about 200 to 300 people in its new development centers in Europe in the next 18

months as part of its expansion plans, a company official said on Wednesday.

The New York Stock Exchange-listed firm launched a software development

center in London and an office in Stuttgart, Germany, on Wednesday.

The firm’s vice chairman Kumar Subramanian told Reuters that JP Morgan was

among its clients in Europe and it had signed an agreement with consultancy firm

KPMG.

"We are having three major contracts on eCommerce and eBusiness

fronts," he said but declined to elaborate.

Silverline's local shares ended Wednesday up Rs 8.60 at Rs 325.80 on the

Bombay Stock Exchange while the main Bombay index closed flat at 4,317.04

points.

Its American Depositary Shares ended at $15/14 on the NYSE on Tuesday.

(C) Reuters Limited 2000.