Euclid opens centre in Hyderabad

CIRCUIT EC / Hyderabad

EUCLID, the US-based IT management software solutions provider, has commissioned a new development centre in Hyderabad. The new facility has space of about 14,500 sq ft that accommodates over 125 professionals. The company has plans to build this new centre as the hub of its product development works.

“We focus on the IT-business communication theme, and this new product centre will further develop products that cater to the needs of business service management. We are confident that our new product centre will expand our sales channel and go-to-market initiatives,” said Patty Azzarello, CEO, Euclid. The company has plans to build partnerships with systems integrators here, and double the headcount in its R&D department.

“We have raised about $4.5 million in January this year, and with this the total funding has reached $38 million including investments from Bay Partners, Blue Stream and PaceSetter,” said Azzarello.