US-based VeriSign Inc, a leading provider of intelligent infrastructure services for Internet and telecommunications networks, on Tuesday opened its India development centre in Bangalore and announced $6 million investment in it for this year.
The centre would initially house 50 employees and the company expects to increase the headcount to 125 by the end of 2005, VeriSign senior executives told reporters in Bangalore.
Manoj Srivastava, vice-president of Global Product Engineering, VeriSign, said the development centre in Bangalore would undertake end-to-end product engineering, design, development, testing and software lifecycle management for products and services running over IP and telecommunication networks.
The $6 million investment would be on infrastructure, human resources, and R&D in the wireline and wireless, e-commerce and other forms of online transaction processing, Srivastava, who heads the centre, said.
VeriSign senior vice-president, (operations and infrastructure), Aristotle Balogh, said the company's R&D workforce in India is expected to be ramped up to 400 in the next four or five years.
Each day, VeriSign enables more than 14 billion Internet interactions, three billion telephony signals, and $100 million e-commerce transactions and delivery of over 100 million wireless text and content messages, the company said.
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