Array Networks to invest $50 million by 2020.
IT firm Array Networks plans to invest up to $50 million in India by 2020, with the Silicon Valley-headquartered company readying to cash in on the digital transformation boom in the country.
The company, which has posted double digit growth in India, intends to set up an R&D facility in Bengaluru and increase its total headcount to 100 from the present 30.
The company, which has already recruited seven for R&D in India, will add another 50-60 personnel for R&D, and the remaining would be for marketing. The company will be setting up a lab for hyper-converged infrastructure in Bengaluru, Array Networks Global President and CEO Michael Zhao said.
�We will be looking at a growth rate of 35 per cent year-on-year for the next three-four years. We are betting on hybrid cloud and digital transformation in India,� Zhao added.
At present, India contributes about 15 per cent of the company�s global business, and this is expected to grow to 25 per cent in the next five years. The R&D centre will help in building solutions for the local market and will work on new projects to manage hyper-convergence.
Array Networks offers a product called Hyperconverged Infrastructure that will help in app deployment and cloud service delivery.
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