Xiotech India to double headcount to 80

Xiotech India, a 100 per cent subsidiary of Xiotech Corporation, a storage area networking company, will be doubling its headcount to 80 in a year's time. This would involve an investment of between $1 million and $2 million.

Addressing the media, Casey Powell, president and chief executive officer of Xiotech, said, "Xiotech India was started in 2003 for its product development and testing activities in the field of storage area network solutions. It has 40 product developers and testers at present and will be doubling in a year's time."

Xiotech India is based in Vanenburg IT Park, Hitec City. More than $3 million has been invested by Xiotech Corporation in equipment required for product development and testing activities.

The next engineering release of the company will be led by the Hyderabad team. The $100-million company may go public in the coming year, Powell added.