Bangalore: US-based enterprise Application Service Provider (ASP) firm Corio Inc, which set up its offshore centre in Bangalore in May, plans to ramp up its strength to over 100 by the year end.

The NASDAQ-listed "utility computing" company plans to replicate the work done at its Silicon Valley centre and will also move its tele-marketing outfit to Bangalore, Corio Technologies senior vice president Parmeet S Chaddha told reporters.

He however declined comment on the loss-making, cash-positive firm's investment plans in the country.

Asserting that Corio application on demand is around 30 per cent cheaper than outsourcing from offshore destinations like India, Chaddha said the firm's business model works on knowledge re-use and automation of delivery systems.

Corio delivers enterprise application of ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) software from PeopleSoft, SAP, Oracle, Siebel and Ariba for customers on a transaction basis than on project work.

Chaddha acknowledged that moving to its offshore outfit in India was part of the firm's strategy on leveraging cheap and quality labour.

He said Corio had over 85 customers and had invested over $ 100 million in processes and technology development.

PTI