CellExchange to expand Hyderabad centre

CIRCUIT EC / Hyderabad

CellExchange India, a wholly-owned subsidiary of the US-based CellExchange Inc, is expanding its Hyderabad offshore development centre. The company is planning to double headcount at the Hyderabad centre to 200 by the end of 2004 and has earmarked about $2 million in investments for the expansion programme. It is targeting revenues of $20 million and 40 percent growth in 2004, with a focus on Real-Time Enterprise (RTE) decision management solutions.

“The Hyderabad operations would be one of the focus areas and CellExchange will invest in best practices (people, products and processes) to reduce development costs, improve quality and reduce uncertainties, thereby enabling product development and product management to come out with a quality product and better solutions integration. So far about $1.5 million has been invested in developing this centre. Currently, about 33 percent of the total work is being done out of the Hyderabad global centre and with the expansion plan, we expect it to increase to 80 percent over two years,” Ramesh Reddy, vice-president of CellExchange India said.

The company has also launched a new product called Correlator.