Thomson Financial to ramp up headcount

The $1.5 billion Thomson Financial, provider of information and technology solutions to the worldwide financial community, is ramping up its operations in India, which will see the company doubling its professional strength to 1,500 by Mid 2005 from the current 875.

Thomson Corporation, which is the parent of Thomson Financials, is also looking at India to bring in work for its legal and regulatory, learning, scientific and healthcare verticals over 18-24 months.

The Indian operations is engaged in software product development and data analysis and production for Thomson's Financial's proprietary financial databases.

The expansion plan outlined by the company will cater to new content and technology oriented initiatives for the company's global clientele.

David H Shaffer, CEO of Thomson Financial, said: "The expansion which we have envisaged gives us the capacity to grow a range of business functions. Through the widest range of products and services in the industry, we help clients in more than 70 countries to make better decisions, be more productive and achieve better results."

Thomson Financial, is part of the $7.6 billion The Thomson Corporation, provider of value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, higher education, reference information, corporate training and assessment, scientific research and healthcare.