Interwoven to double staff

Interwoven, the US-based $120 million enterprise content management firm, will double its development team in India to 150 by next year. The Indian unit will also be a centre of excellence for the global operations and will account for 20 per cent of the firm's global development team.

Interwoven, through its solutions, enables businesses to unify people, content and processes in an attempt to minimise risk, accelerate time-to-value and sustain lower total cost of ownership.

Rolling out India expansion plans in Bangalore on Tuesday, James Murray, VP, APAC, Interwoven said: "Analysts are forecasting a 15-20 per cent CAGR in the global ECM market. This growth is fuelled by the market's growing acceptance that managing unstructured content effectively is a must-have in the race to achieve operational productivity and compliance. India represents a vast market to capitalise on this growth and we are delighted to be deepening our existing commitment to the India market through the expansion of our Indian unit."

The Indian centre will serve as a hub for product development, enhancement, quality assurance and technical support.