Broadridge Financial Solutions Inc, a provider of technology-based outsourcing solutions to the financial services industry, will invest $6 million (approximately Rs 24 crore) in setting up its facility in Hyderabad. | |
| The company also plans to ramp up its headcount in Hyderabad from the present 500 to 750 by the end of March 2008. |
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| Broadridge, a recent spin-off of US-based ADP Brokerage Services Group, is currently housed at the ADP centre in Hyderabad. The company plans to shift to its new facility by September-October this year. |
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| "With the setting up of our new facility here, we are looking at continuing to leverage India's R&D, finance and BPO professionals," Richard Berke, corporate vice-president and chief human resource officer of Broadridge Financial Services Inc, told mediapersons here on Wednesday. |
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| Broadbridge's professionals in Hyderabad would be engaged in technology development and software re-engineering among others, in the areas of investor communications, securities processing, and clearing and outsourcing solutions. |
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