Progress Software to focus on Telecom, Airports

Chennai/Hyderabad
Business Standard Financial Chronicle
Progress Software India, the India arm of US-based Progress Software Corporation, is looking to tap data integration markets in India, particularly in aviation and telecom sectors. To this effect, the company is already in talks with at least two major telecom players apart from some airports that have announced to upgrade their information technology infrastructure, according to its vice-president (products) and centre head Ramesh Loganathan.

Speaking to the media here, he said the company had set up a sales team to find new clients. The company, which specialises in development of service and data integration solutions, has not fixed any sales target for the current year.

Progress has invested $5 million (about Rs 24 crore) in its Hyderabad development centre under Phase I. It is in the process of increasing its workforce and operations by 50 percent in two years. The company employs 145 people at its Hyderabad centre.