The $1,065-million turnover company, with headquarters in Scottsdale, entered the Indian market with the acquisition of Manugistics Group, which has a product development centre in Hyderabad, for $210 million in 2006. It consolidated its India presence with the acquisition of i2 Technologies for about $600 million in 2010.
“Our aim is to mature from a software company to a solutions company in India, with products to suit different segments such as automotive and pharmaceutical. Currently, we have solutions that cover the entire supply chain structure from production level to warehousing, inventory management, distribution, transport management and networking development,” Abel A Correa, Vice-President (Product Development), told Business Line.
Part of the investment will go towards scaling up its existing R&D facility in India, which at present handles about 50-60 per cent of its global product research and development. “We are aiming to increase this share to 70 per cent by 2015,” he said.
To hire more
As it expands its product portfolio, the firm intends to expand its workforce from the current 1800 to 2,500 in the next two years. It is focussing on cloud-related products for the retail sector, as Indian retailers are beginning to seek third-party cloud services.
“Our focus in the next six months will be on cloud offerings, which would go beyond just offering to bank their (retailers’) software on our services. Our cloud services will seek to guide them on operating their software for optimising revenues,” Correa added.
It offers its products both as a package and individual services. “For example, we have a product just for shelf planning in retail stores. Our product will provide a 3-D walk through a proposed store and give out placement of products on a shelf, depending on its depth and width,” he pointed out
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