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Home -> Finance -> Full Story

LogicaCMG to increase its headcount to 1000
Thursday, February 10 2005 16:47 Hrs (IST) - World Time -

Bangalore: IT services company LogicaCMG, today (Feb 10, 2005) announced that it would recruit over 1,000 staff in India in 2005, to support its growth plans for its offshore and South Asia operations.

It also announced plans to invest in new infrastructure during 2005.

The company marked the first stage of this investment by inaugurating today its campus-style facility in Bangalore, which currently accommodates around 1,200 employees and will have the capability to house around 2,200 employees by the end of 2005, a company statement said.

LogicaCMG's Bangalore operations, which are accredited to SEI-CMMI level 5 and 120 9001-2000 TickIT, are the primary offshore development facility for the group.

The company's outsourcing business represented about a quarter of group revenues in 2004, and it plans to increase this to 30 per cent during 2005, it said.

The company recently won a ten-year strategic outsourcing agreement using its global blended delivery model with a leading provider of insurance and risk management services in the UK, it said.

PTI