Waterloo’s Open Text (TSX:OTC) is expanding its operations in India.
The company announced it will bulk up its 67,000 square foot Hyderabad office to nearly 100,000 square feet. Management says its customer base is growing rapidly in the world’s second most populated country and the company will need to double its capacity to meet demand from a customer base that now tops three hundred.
“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 CEO Mark Barrenechea, adding: “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.”
Open Text, which last year joined Tech Triangle peer Research in Motion in surpassing a billion dollars in revenue, sells software that enables companies to manage their content. The company’s various product offerings exist under a parade of acronyms that relate to the way companies use their content to collaborate and engage clients and meet regulatory requirements. These include Enterprise Content Management (ECM), Enterprise Information Management (EIM), Customer Experience Management (CEM) and Business Process Management (BPM). The company now has more than 5000 employees in 31 countries.
Also on Sunday, Open Text says it will, later this month, open an office in Mumbai to support its technology and reseller partners which include Tata Consulting Services, WIPRO and SAP.