Nasdaq-listed Pegasystems has set up a 55,000 sqft facility in Bangalore that will deliver R&D,engineering services,industry solutions and customer support.The company,which specializes in business process management and customer relationship management,has so far hired 120 people for the Bangalore facility.
This is the second facility in the country.It opened a 1-lakh sqft R&D centre in Hyderabad in 2008 that currently employs 400 people.The level of engineering talent in India is hard to find in the US.We dont see a cost reduction play here,but top-tier skills to support strategic functions, said Alan Trefler,founder and CEO of Pegasystems.Both the centres put together can accommodate 1,000 people.The company currently has 25% of its global workforce in India.
Pegasystems had $416 million in revenue in 2011."We spend 18-20 % of our revenues on R&D.That is why margin pressure becomes an issue,"Trefler said.The firm has guided for $500 million in revenue in the current year.
Founded in 1983,the company has presence across North America,Europe and Asia with 26-branch offices in 17 countries.
No comments:
Post a Comment