SunGard Ramps Up Indian R&D Operations
posted in Outsourcing News and Top Outsourcing deals |Source: www.indiaabroad.com
SunGard Offshore Services (SOS), a subsidiary of the $4-billion US-based SunGard Inc., offering software and processing solutions, is ramping up its India operations quite significantly, with the sub -continent emerging as its fastest growing R&D centre.
Operating in India since 1993, SunGard started off with a development centre in Pune, going on to open its second development facility in Bangalore, last year. It was the acquisition of US-based SCT Software Solutions (SOS) worldwide, 13-years ago that allowed it to gain access to India.
With SOS headcount standing at 650 last year, Ron Lang, CEO – SunGard informs: “We are witnessing tremendous activity from our Indian R&D centre. Already, 40% of the software development of the firm is carried out in India. Consequently, we intend to raise the headcount in India to 2,000 from the present 1,300 over the next one year.”
SOS has 50 development centres worldwide that average a headcount of 100 each, as Lang affirms: “India has the single largest concentration of our employees worldwide. Besides, it is the fastest growing centre carrying out all kinds of R&D.”
Explaining why SOS has plans to develop Bangalore as a centre for SOS’s core banking solutions, Lang believes Bangalore has the ideal talent for developing banking solutions software, and the firm hopes to hire 700-techies in the coming months, a significant number of whom will be deployed at the Bangalore office. And quite recently, SunGard also acquired System Access, a company specialising in core banking solutions.
