BANGALORE: US-based VeriSign, a provider of intelligent infrastructure services for the internet and telecommunications networks has set up their Indian Development Center (IDC) at Bangalore.
An investment of $350,000 has already been while another US$650,000 is in the pipeline. And the total investments to an order of $6 billion were announced by VeriSign's Aristotle Balogh, Sr. VP, Operations and Infrastructure.
The $6 million investments will be utilized towards infrastructure, human resources and R & D in wireline and wireless, e-commerce and other forms of on-line transaction processing (OLTP), security and Oracle 11i development and maintenance areas.
The IDC will undertake end-to-end product engineering, design, development, testing and software cycle management for products and services running over IP and telecommunications network.
The 20000 square feet utility would initially house 50 employees and this number is expected to go up to 125 by the end of 2005.
VeriSign Global Product Engineering VP Manoj Srivastava, who would be in charge of the Bangalore facility said, "The IDC will play a key role in building core mission critical solutions for telecommunications, Internet and Management Information Systems (MIS). We are recruiting highly qualified engineering and software professionals to work with cutting edge product and technologies and aim to significantly increase new product development capacity of VeriSign at the IDC", while addressing media persons.
Balogh added, "The IDC will help VeriSign develop products and create more releases in shorter spans of time."
Each day VeriSign enables more than 14 billion Internet transactions, 3 billion telephony signals, US$100 million in transactions, and delivery of over 10 million wireless text and content messages. The company also provides services that secure more than 3000 global enterprises and over 450,000 web sites. VeriSign reported revenues of US$1.2billion or 2004, US$400 million for Q1, 2005 and expect to gross US$1.7billion during 2005.
