Teranet signs agreement to open Centre of Development in

: Teranet, a leading provider of registry and workflow solutions for the Canadian Financial Services and Real Estate markets, has signed a Memorandum of Understanding (MoU) with Kerala IT, to set up a Centre of Development at Technopark here.

The 10,000-square-foot, 100-person capacity Centre of Development is expected to be operational in April this year, a press release said.

The MoU was signed between Deepak Gupta, Senior Director, Teranet and Hrishikesh Nair, CEO Technopark, in presence of M Sivasankar IAS, IT Secretary.

"We are extremely impressed by the highly qualified talent pool and the employee work-life balance that Kerala provides.

These were key factors in our decision to set up our development center in Technopark," said Senior Director, Deepak Gupta.

"At Teranet, we believe that this agreement is the start of a long-term relationship with Kerala that will grow over time and further strengthen ties between Canada and Kerala."