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| SoftPro Systems opens Global Product Development Centre in India | | Site in Hyderabad to Support Product Development in India |
| Announcement / Corporate Oct 06, 2009, 20:06 IST |
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SoftPro Systems Ltd., a leading player in the IT software and development space, today announced the inauguration of its first global development centre in Hyderabad, India. SoftPro’s Hyderabad development center will initially support the company’s GRC software development activities and ongoing efforts to advance GRC globally.
With an initial contract of $3 million, SoftPro Systems Ltd has built the product centre with a capacity for 300 seats. The first phase of recruitment has resulted in close to 45 new employees who will be trained by Cura. Work at the Hyderabad site will include software development, design, testing and internal support. The centre is part of the company’s efforts to enhance its engineering workforce to help meet the increasing demand for GRC software using cutting edge technologies as well as other product development capabilities for Indian and global companies.
On the occasion, Mr. Bala Reddy, Chairman and MD, Softpro Systems Ltd said, “We will be investing to develop cutting edge technologies and the development center is a step in that direction. The appalling corporate failures and economic recession witnessed over the past year has added to the importance of GRC projects, escalating it up the priority list of corporates in India and globally. The development center at SoftPro Systems marks the beginning of a new era where we will lead the way for GRC to become an integral part of every company in India.”
Mr. Avi Eyal, CEO, Cura Software Solutions said, “I am extremely pleased to be a small part of this GRC growth story in India. The opening of the new development centre will see our integration into the SoftPro Systems family growing stronger. We look forward to the development of the version 4 of the software and this hopefully will positively impact our expanding product roadmap while creating opportunities for growth and innovation in the region.”
Mr. Vijay Rao, Vice Chairman, SoftPro Systems Ltd added, “It is a big landmark for SoftPro Systems and more importantly it is our foray into product development in India. The development center has state of the art facilities with a capacity for over 300 seats which strongly positions us to expand into other IT development in the near future. We are confident of developing the version 4 soon which we believe will further boost the confidence that our customers have in us and help them optimize their performance levels.”
About SoftPro Systems:
Established in the year 1994, SoftPro Systems Limited is a business solutions provider across multiple industries. Mr. Bala Reddy acquired majority stakes in the company in April, 2008 with a desire to turn it around. SoftPro delivers a wide range of leading – edge technology solutions like application software development and technology integration, ERP, Business Intelligence, enterprise portals and e-Learning solutions. It has a development center in Hyderabad, India and is in process of establishing its second development center in Visakhapatnam, India. The company is an ISO 9001:2000 organization, certified by TUV SUD of USA. SoftPro is listed on the Indian Stock Exchanges - Mumbai Stock Exchange (BSE), National Stock Exchange (NSE).
About Cura Software Solutions:
Cura Software Solutions enables businesses around the world to quickly achieve the bottom line benefits of governance, enterprise wide risk management and compliance (GRC), coupled with performance management. Cura does this through fast implementation, easier configurability and true enterprise architecture.
Established in 2001, Cura is used by over 250 customers such as GlaxoSmithKline, Kellogg’s, Westfield, Allianz, Old Mutual plc, Standard Bank, Virgin Blue, Vodacom, AngloGold Ashanti as well as governments and consulting firms world-wide. Cura has offices in New York, Boston, London, Sydney, Melbourne, Singapore, Hyderabad and Johannesburg, and has distributors in 10 countries (South America, Middle East and Asia). Cura is a wholly owned subsidiary of SoftPro Systems traded on the Indian NSE and BSE Stock Exchanges.
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