Imaging firm to invest $10 m

EFI, a $500 million US-based company focussed on digital imaging and print management solutions, plans to invest $10 million in India over the next two years, senior company executives said.

The company operates a software development centre here with around 100 professionals.

Over the two years, it will double the number and kick-start a BPO centre in Bangalore to support its Asia-Pacific operations, Joe Cutts, chief operating officer and chief financial officer of EFI, said, "The India centre has matured into a centre of expertise, developing complete product lines crucial for our global business. We will have 275 developers in the next 12-18 months."

"We plan to start a shared services centre in India which will do internal financial management and information support functions," as part of consolidating the firm's BPO activities into three centres, he said.

There are quite a few centres which focus on managing these services for each region in the Asia-Pacific countries. We will consolidate all these operations in India and after this, we will have only three such centres across the globe, one each in the US, Europe and India," he said.

Commenting on the India market for EFI solutions, Atul Saran, country head, EFI India said, "India is still a nascent market for us and there is a huge potential for us to grow. We are constantly building partnerships in India with a whole lot of original equipment makers and the trade here which should provide us a good platform for growth."