Sterling to invest $10 mn in India
The firm opened a new 116,000 sq ft software development and delivery facility in Bangalore on Tuesday.india Updated: Jun 14, 2006 14:05 IST
Global multi-enterprise collaboration software and services leader Sterling Commerce is all set to invest $10 million in India as the company has identified it as a major growth area.
The worldwide leader, which is offering secure file transfer, B2B application integration, opened a new 116,000 sq ft software development and delivery facility in Bangalore on Tuesday.
"With the move into the new facilities in Bangalore, we are about to embark on an exciting new chapter at Sterling Commerce in India," said Sam Starr, president and CEO Sterling Commerce, in a statement onWednesday.
"Our investment in the India operation is a critical part of our long-term global strategy. Sterling Commerce is in the throes of rapid and very profitable growth, both in our mainstream businesses and through well-executed acquisitions."
Sterling Commerce, a subsidiary of the US-based AT&T Inc, projects that its Indian operations will grow from 82 professionals just over a year ago to almost 500 by the end of 2006.
"The Sterling India team is committed to the tenets of excellence, innovation and an emphasis on continuous learning," said Buck Devashish, managing director of Sterling Commerce's India Operations.
"We have been focused on providing our employees a world-class best practices work environment. The new facility is a tangible example of this vision and evidence of Sterling's commitment to its employees."
The statement further said: "Sterling has made a series of acquisitions in recent times including TR2, Yantra Corporation and Nistevo as it develops a comprehensive suite of best-in-class applications".
Sterling Commerce plays a major role in orchestrating processes for customers in the retail, consumer packaged goods, manufacturing, financial services, healthcare and telecommunications industries.
The company provides its customers with an integrated end-to-end solution that improves visibility and control over their entire supply chain. Sterling Commerce's global customer base has today expanded into diverse industry verticals.
Its customers include Citibank, ABM Amro, Wal-Mart, Toyota, Ford, DHL, FedEx, AT&T, Pfizer, Johnson & Johnson, and Boeing, apart from others.