VMware says to invest $100 mln in India by 2010 |
| Reuters - Mar 24, 2008 |
U.S. business software maker VMware Inc aims to invest $100 million in India by 2010 and will double its engineering staff in the Asian country to more than 1,000 in two years, its chief executive said on Monday. Diane Greene said the investment would be to expand its research and development operations, underscoring India's importance as a leading global hub for technology outsourcing services for Western firms looking to cut cost.
"In terms of R&D, India is, of course, key to our strategy. We do all aspects of R&D here in India," she told reporters at the launch of the company's new development facility in Bangalore. "India is also one of our fastest growing markets and where we have increasingly important system integrator partners."
VMware sells software that allows a single server to perform the work of 10 or more machines by creating multiple virtual computers that run simultaneously on the machine. The technology helps cut costs for equipment, electricity and labour.
Read Full Article from Reuters
- Posted: 2008-03-24 08:56:17
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
