US-based IT management software company, CA, will invest $30 million (approximately Rs 144 crore) in its India technology centre (ITC) at Hyderabad.
This will be the company’s second tranche investment in its India operations, with the first being an identical amount in its 30-acre campus last year.
The expansion will see a new 180,000-sft research and development (R&D) building coming up on the Hyderabad campus.
When completed by the end of 2010, it will accommodate an additional 1,000 engineers, taking the total headcount at the ITC to 2,600.
The over $4-billion company currently employs 14,000 professional globally.
“The ITC is a vibrant part of CA’s entire R&D community, with the centre contributing to the development of all major CA products in the areas of IT management, governance and security. The professional at the ITC will work in tandem with CA's 15-odd large R&D sites based out of the US, Europe and China in developing innovative solutions to govern, manage and secure IT environments,” Ajei Gopal, executive vice-president (enterprise IT management group), CA, told mediapersons here on Tuesday.
Stating that India was a key part of CA’s strategy to sell its new technologies and software, Gopal said the India centre today contributed 25 per cent to the company’s overall R&D footprint.
CA’s addressable market in India is $100 million, while it is in excess of $50 billion globally.
