Euclid to double manpower

Euclid Inc, which operates in the $1 billion space of business-centric IT management software, announced that it would be doubling its manpower in India. At present, the company has 50 personnel at its development centre in India.

The company which has raised over $38 million in funding, has invested close to $1 million at its new centre in Hyderabad. The company raised close to $4.5 million in January.

"The India centre would become the hub of our product development work," said Patty Azzarello, president and CEO of Euclid Inc.

Euclid is a leading provider of business centric IT management software that enables Global 2000 corporations to rapidly achieve effective IT governance.

The start-up has big ticket clients across verticals like Staples in retail, WellsFargo in the financial sector, EMC in hitech and Honeywell in manufacturing.