Tibco to hire over 100 developers at Pune

Tibco, a US based software integration company which set shop in India two years ago, plans to hire over 125 employees by this November.

The company is ramping up product development work at its Pune centre and is building up a marketing team for the domestic market.

"The Pune development centre would be key to Tibco's expansion plans and the developing of future products," Ram Menon, senior vice president, world wide marketing, Tibco, said.

The company, with 1500 employees worldwide, clocked revenues of $387.2 million with an operating margin of 22 per cent in the financial year ended November 2004.

"We expect to add about 10 Indian clients in 2005 and we will be opening our marketing office in Delhi shortly," Anup Varma, country manager, India, said. The company has HDFC Bank, BSE, Tata Teleservices, Reliance Telecom and UTI Technology Services as some of its Indian clients.

In India the company is targeting the banking and financial services sector, telecom and government organisations and departments.

"Tibco's software helps companies distributing market and trade data through their front, middle and back office. Banks use the software to achieve a better view of their customers and automate activities and insurance companies use the software to accelerate claim processing," Menon said giving examples of applications.

Tibco also gives customers a vision for the future with its 'Predictive Business' solution which is about collecting, aggregating and co-relating data.