Adaptec to invest in Indian Operations

Hyderabad: Adaptec India, a Hyderabad-based wholly-owned subsidiary of Adaptec Inc, USA, (www.adaptec.com), a leading provider of high-speed storage networking solutions, has announced its plan to invest over $10 million in the next calendar year. The investment is expected to go into expansion and strengthening of its facility in Hyderabad.

The aggressive expansion plan of the company includes setting up state-of-the-art compatibility testing laboratories and high-end ASIC design facilities. Adaptec had acquired the Hyderabad-based Platys Communications India a couple of months ago and it has a design centre for storage solutions. The expanded facility would develop next-generation SAN (storage access network) solutions and test them across various platforms.

Adaptec (Nasdaq: ADPT), a 20 year old Milpitas-based $704 million technology company, shipped the industry's first silicon and host-bus adapter in the last quarter, says Ram Jayam, vice-president and general manager, storage networking group. "We have been investing over 22 per cent in R&D. The SAN market is evolving and is expected to grow into a $7 billion market by 2005 and we believe our investments will take us to a leading position."

Adaptec India is going to focus on next generation iSCSI (Internet small-computer system interface) technology-based solutions and a compatibility lab across OEM platforms and operating systems. "Adaptec India centre would be the hub for addressing Asia Pacific and Japan markets. The India centre currently employs 30 engineers and we expect to grow to 150 by 2003," says Adaptec India MD Raghu Allamsetty.