Silver Software to expand operations

With the demand for aerospace, railway signalling and space-related software engineering on the rise worldwide, Silver Software, specialising in the three domains, has chalked out an expansion plan, including increasing its headcount.

The privately-held Silver Software has development centres in India, UK and Spain with a combined headcount of 350, of which 235 are based in Bangalore. The company has developed software products for Airbus and Boeing, Alstom and General Electric. For instance, the software for the landing gear of Airbus A380 was developed by Silver Software.

"We foresee a lot of opportunity with the economy growing in developing countries like India and China. The Indian aviation sector is witnessing a boom. Similarly, China is modernising its railway signalling in a big way. We see a greater role for us in developing software products for the aviation and railway signalling segments," Silver Software Managing Director Senthil Kumaran told Business Standard.

By the end of the present fiscal, the company's worldwide headcount will cross 400. Over the next three years, Silver Software expects its headcount to be in the region of 650-800. "A majority of them will be deployed in India. We are also exploring the options of moving into tier-2 cities within India like Mysore, Hosur and Chennai," Kumaran pointed out.

Simultaneously, Silver Software is proposing to open development centres in locations like Hungary, China and Poland. "We have not finalised the location as of now. By moving into these countries, we can extend the cost-benefit to our clients," he added.

Recently, the company entered the telecommunications space. It also undertakes software testing and verification, safety engineering and consulting.

The company, which recorded a turnover of $25 million, is also planning to expand its technology partnership network. "At present, we have two technology partners in Germany and the US respectively. We are scouting for partners with experience in aerospace and railway signalling domains. If we do not find suitable partners, we might look at acquisitions," Kumaran stated.