US IT firm opens subsidiary in India

US-based Marlabs Inc. has opened its software subsidiary here to offer cloud, analytics, mobility, infrastructure and cyber security services.

"Our new facility here will help meet growing customer demand from North America for intellectual property (IP) asset creation and provide support services to the rapidly evolving market in the Asia-Pacific region," Marlabs Software Ltd. founder chief executive Siby Vadakekkara said in a statement here Wednesday.

With strong foothold in the North American IT services market, the company has a network of delivery centres spread across Canada, Mexico, Malaysia and in India.

The company's presence in the country includes Bangalore and Mysore in Karnataka, Pune in Maharashtra and Kochi in Kerala with a combined workforce of about 2,000 engineers.

"Our near term goal is to leverage this facility to build IP around mobility and analytics in data rich verticals like insurance and financial services and scale up research and development around machine learning digital payments," Vadakekkara said.

The subsidiary facility has a capacity to employ about 500 people.

The 18-year-old New Jersey headquartered company has been recognised by global professional services firm Deloitte in its Fast 50 and Fast 500 programmes based on percentage revenue growth over five years in North America, Europe and Asia-Pacific regions.

"With a multi-shore model, we utilise our global technology centres of excellence to service about 100 customers across industry verticals," Vadakekkara added.