FYI. The following was carried on a reuters news feed last week. I didn't see any mention of it in the US press. Thought others here might find of interest. This is where major head count reduction translates into better profitability. According to the article, the divine INDIA already "contributed to roughly 20 per cent of divine Inc's global technology and product development."
18Feb2002 INDIA: divine to invest $4 m more in Hyderabad centre.
HYDERABAD, Feb. 17 THE wholly-owned subsidiary of the US-based Nasdaq-listed $1-billion divine Inc, - divine India Ltd - proposes to ramp up its software development operations in Hyderabad. divine Inc, promoted by global majors such as Microsoft, Dell Corporation, Computer Associates, Hewlett Packard and Compaq, currently operates in 30 countries with a workforce of over 3,500 professionals. Having invested little over $10-million so far in its Indian operations, divine Inc has decided to pump in further funds to the tune of $4-million to set up a state-of-the-art software development centre at Hyderabad, the divine Inc Vice-President, International Operations & Development, Mr Ken Kinsella, said. "The size of India investments may further go up depending on the evolving opportunities in the market space of extended enterprise solutions in the country," he said. The company expects the technology services market in India to expand phenomenally to reach a size of $7-billion by 2007 from the current level of around $100-million. Addressing presspersons here on Saturday on the eve of launching a suite of products and services, Mr Kinsella said the existing software development centre at Hyderabad has contributed to roughly 20 per cent of divine Inc's global technology and product development. According to Mr Kinsella, the company expanded its operations significantly across the globe over the last 12 months and would continue to look to overseas markets for further growth and opportunities. The divine India Managing Director, Mr Rao Tummalapalli, said the company has identified three core areas of activities - professional services, software services and managed services.
Usability, think this guy is full of it? ID started 2-18-02. Nows your chance to prove him wrong about this article. Watch out for the companies Flip bought. I pointed this out 2 months ago. M1 is not all there is. Flip has bought companies all over the globe this time.