Progress Software India, a subsidiary of Progress Software Corporation (NASDAQ: PRGS) which is a leading global software provider of infrastructure software products that enables enterprises to be operationally responsive, has inaugurated its new facility in Hyderabad today at iLabs Campus, Madhapur by Mr. Peter Sliwkowski, Member of the Executive Team, Progress software..
Progress Software India plans to grow by about 50% in the next two years with over $10 mn that have been invested in the Hyderabad Facility over the last five years.
Progress Software India is organized around Centres of Expertise (COE) for technology horizontals that specialise in a specific technology working on multiple product lines and leveraging the shared expertise, insights and scale.
Commenting on the occasion, Mr. Ramesh Loganathan, MD & VP – Products, Progress Software India, said, “In the five years since inception, Progress Software India has grown from being an off-shore resource center to now being organized in a Centers of Expertise (COE) model. This model, unique in the offshore product development space, has delivered high levels of efficiency and innovation to the Progress product portfolio.”
Mr. Peter Sliwkowski, Member of the Executive Team, Progress Software Corporation, said, “Our India development centre intends to take the lead in the technology space to increasingly play a strategic and critical role in the overall Progress product engineering. Progress Software India is now driving the new product definition and development towards integrating the tools in the Progress product portfolio”.
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