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VMware to Invest $100 Million in India |
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By VSM News Staff
published: Monday, March 24 2008
VMware Opens New Bangalore R&D Facility, Plans to Double Its Development
Team in India to More than 1,000 People in the Next Two Years
BANGALORE, India, March 24 /PRNewswire-FirstCall/ -- VMware, Inc. (NYSE:
VMW ), the global leader in
virtualization solutions from the desktop to the datacenter, today
announced a multi-year initiative aimed at expanding its India-based
research and development (R&D) operations. VMware already has a strong
presence across India with offices in Bangalore, Pune, Chennai, Delhi,
and Mumbai. The initiative was announced today by VMware president and
CEO Diane Greene at a news conference in Bangalore.
The initiative includes:
- Investing U.S. $100 million (4 billion Indian Rupees) in India by 2010
- A new, state-of-the-art 82,000 square foot development center in Bangalore
- Doubling the company's India-based engineering organization to more than 1,000 people in the next two years
"Great products are built by great people. India has both an excellent
technical education infrastructure and outstanding people. We highly
value our Indian citizen employees," said Greene. "India is also one of
our fastest growing markets and where we have increasingly important
system integrator partners. For these reasons, we are now substantively
increasing our investment in India."
VMware entered India in 2004. Today the company has more than 300
customers and more than 160 channel partners in the country. With
offices in 5 cities, VMware employs nearly 700 people, including more
than 500 developers, across India. It has established strong ties to
local universities in India including IIT Bombay, IIT Delhi, IIT Madras,
NIT Trichi, NIT Surathkal, Indian Institute of Science (IISc) and the RV
College of Engineering.
The new Bangalore development center expands on existing R&D operations
in Bangalore and Pune. The center supports new and ongoing research and
development across the company's entire portfolio of solutions for
datacenter and desktop virtualization. The new 82,000 square foot
development center is located in South Bangalore and includes a 4,000
square foot computer lab.
About VMware
VMware (NYSE: VMW) is the global leader in
virtualization solutions from the desktop to the datacenter. Customers
of all sizes rely on VMware to reduce capital and operating expenses,
ensure business continuity, strengthen security and go green. With 2007
revenues of $1.3 billion, more than 100,000 customers and more than
10,000 partners, VMware is one of the fastest growing public software
companies. VMware is headquartered in Palo Alto, California and on the
web at www.vmware.com .
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