Financial Daily from THE HINDU group of publications
Tuesday, Aug 06, 2002
Financial Daily from THE HINDU group of publications Tuesday, Aug 06, 2002 |
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Info-Tech
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Software Corporate - New Projects Fusion to expand India business Our Bureau
HYDERABAD, Aug. 5 FUSION Technologies Inc, the New Jersey-based software solutions provider, has announced its plans to expand India operations through its subsidiary — Fusion-Cybertech. The company, as part of the expansion, has announced investment to the tune of $0.5 million and also plans to ramp up its staff strength. The Founder and Chief Executive Officer of Fusion Technologies, Mr Dennis Lussier, said that the India facility, located at the Cyber Gateway in Hitec City, Hyderabad, will become a centre of strategic importance and complement the US operations. The Hyderabad centre, which was commissioned in September 2001, within days of attack on the WTC centre, has grown to about 45 technologists despite the slowdown in the industry. ``We are now gearing up to increase the number initially to 100 in the next six months and later to about 200 people by the year 2003,'' he said. ``Initially, the Hyderabad centre started operations with one project and a seven-member team. The Indian subsidiary is now working on large Web application projects, content management systems and Linux-based projects. We are set to make inroads into ERP services and CRM practice,'' the Managing Director of Indian operations, Mr P.V. Narasimha Rao, said. The US-based privately held company has a few but large clients, which include Dunn and Bradstreet, Merrill Lynch Mutual of New York and View Point. We have established strong relationships with these firms and have been doing projects for them over the years, Mr Lussier said. Mr Lussier said that the company's shift over to the new facility and expansion will help in faster duplication of successful processes for the new projects and compliment its work of the Pune centre, which had grown to about 40 people facility.
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