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InsideView to invest $20 mn in India operations

Source : BUSINESS_STANDARD
Last Updated: Tue, Oct 29, 2013 22:01 hrs

US-based enterprise software-as-a-service (SaaS) company, InsideView Inc, plans to invest $15-20 million (around Rs 120 crore) in its fully-owned Indian subsidiary in three years.

According to company's chief financial officer Jim Lightsey, “The investment would predominantly be towards product development for its global clients, augmenting infrastructure and for doubling the headcount here to 160 in the next three years.”

Having started operations in India six years ago, it has invested $50 million here. The company has its sole product development centre in Hyderabad. It recently moved to a 17,000-sft new facility at Madhapur in the city.



Speaking to the media here, Lightsey said: “By early 2015, we plan to start selling our B2B customer relationship management (CRM) Intelligence product in the Indian market," and added,” the global CRM, data analytics and associated software services market stood at $ 50 billion.”

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  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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