Mumbai:
VeriSign, Inc. (Nasdaq: VRSN), a leading provider of intelligent infrastructure
services for the Internet and telecommunications networks, today announced
the launch of a development centre in Bangalore. The VeriSign India Development
Centre (IDC) will undertake end-to-end product engineering, design, development,
testing and software lifecycle management for products and services running
over IP and telecommunications networks. Each
day, VeriSign enables more than 14 billion internet interactions, three billion
telephony signals, $100 million e-commerce transactions and the delivery of
over 10 million wireless text and content messages. The company also provides
services that secure more than 3,000 global enterprises and over 450,000 Web
sites. VeriSign
plans to invest over. $6 million in India over the next year on infrastructure,
human resources and R&D in the wireline and wireless, e-commerce and other
forms of online transaction processing (OLTP), security, and Oracle 11i development
and maintenance areas. Spread
over 20,000 square feet, the IDC will initially house 50 employees. The company
expects to increase the number of employees to 125 by the end of 2005. Outlining
VeriSign's India plans at the launch, Aristotle Balogh, senior vice president,
operations and infrastructure, VeriSign, said " This facility will be
an integral part of the VeriSign global business strategy. Our primary objective
is to develop products and services which are highly reliable, available,
scalable and secure. The IDC will help VeriSign develop products and create
more releases in shorter spans of time." The
centre is headed by Manoj Srivastava, vice president, global product engineering,
VeriSign. In this role, he is leading the corporate-wide initiative to formulate
a comprehensive offshore strategy to support product engineering for VeriSign.
Speaking at the launch, Srivastava said "The India Development Centre
will play a key role in building core mission-critical solutions for telecommunications,
internet and Management Information Systems. We are recruiting highly qualified
engineering and software professionals to work on cutting edge products and
technologies. The IDC aims to significantly increase new product development
capacity of VeriSign." According
to Ramesh Krishnan, director operations, VeriSign India, "The India Development
Centre will help us in addressing the opportunities in digital communications,
commerce and content and further strengthen our position in the intelligent
infrastructure services market." VeriSign
provides intelligent infrastructure services to its key clients in India including
many of the largest banks, international airlines and has partnered with several
network operators in India.
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