05 November 2012

OpenText Expands R&D Center in Hyderabad, India; Opens New Office in Mumbai

- 300 employees are currently based in OpenText's Hyderabad office
- To double size of its workforce in India over the next few years

Waterloo, ON – 05 November 2012 - OpenText, leading provider of Enterprise Information Management (EIM) solutions, today announced the expansion of its Hyderabad research and development center and the opening of its new Mumbai office to address the company's significant market opportunity in the emerging EIM market and to support its rapidly growing customer base in India, which currently exceeds 300. 

More than 300 employees are currently based in OpenText's 67,000 square foot Hyderabad office. The company is adding more space as it prepares to double the size of its workforce in India over the next few years. The expansion, which will see OpenText occupy a total of nearly 100,000 square feet in Hyderabad, will allow the company to accelerate its EIM strategy and leadership. 

"With India being a major research and technology hub, the growth of OpenText Hyderabad and the opening of a new Mumbai sales office represent a natural progression and important investment for us," said Mark J. Barrenechea, President and CEO of OpenText. "As a technology leader and pioneer, we see great opportunity in India and look forward to selecting the talented individuals who will drive OpenText's EIM vision there and around the globe." 

The Hyderabad expansion is supported and aligned with the initiatives of the Indian government as the office is located in a Special Economic Zone (SEZ) that is oriented towards export and foreign direct investment in the country. These regions designated by the government are regulated by unique laws that encourage employment and economic growth through several channels such as regulatory and taxation breaks. 

In conjunction with the Hyderabad expansion, OpenText is opening a commercial hub in Mumbai to address customer demand for OpenText's offerings and to support its technology and reseller partners including Tata Consulting Services, WIPRO and SAP in developing the EIM market in India. The office in Mumbai is scheduled to open this month and will become the home base for a country manager and his team of dedicated account development managers and partner support roles. 

Major areas of concentration at OpenText Hyderabad include research, product development and global services. 

OpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. 

OpenText is headquartered in Waterloo, Ontario, Canada 

Source: OpenText