MetricStream to invest $ 10 million in India Thursday, February 17 2005 18:08 Hrs (IST) - World Time -
Bangalore:
California-based MetricStream, Inc, a leader in enterprise quality and compliance solutions space, today (Feb 17, 2005) said it plans to invest at least $ 10 million over the next three years in India in building infrastructure, manpower and "leadership across all functions".
The company has set up a new facility in Bangalore with a capacity of 150. This facility, which would be the Indian corporate office as well as the development centre, would support MetricStream's rapid growth in India.
"The entire key product and application development for MetricStream's global customers would be housed in this new facility", according to a company statement.
MetricStream India is the base for all other key functions as well, including customer support, professional services, quality assurance and sales support.
Additionally, the company has shifted and now handles its global sales and
marketing operations from its Bangalore office.
MetricStream Inc's CFO, Gaurav Kapoor, said MetricStream India's Bangalore centre commenced operations in 2001 with a headcount of 10, which has now risen to over 60.
