Synplicity India Expands R&D Operations in Bangalore
(Business News, 31 Oct 2007 )
Synplicity Inc. recently inaugurated its new development facility in Bangalore. This facility is a part of the ongoing expansion of Synplicity in India and is located at the International Technology Park, Whitefield. The new office was inaugurated by Gary Meyers, President and CEO of the company.
Synplicity’s India team consists of one third of the organization’s worldwide R&D team and this will grow up to 50 percent within the next four-five years. Synplicity India has also announced that it will increase its headcount by 20% to 30% by the end of 2008.
Commenting on the inauguration of its new office in Bangalore, Meyers, said: "India’s role in Synplicity’s global strategy has become crucial. The India center has contributed significantly to all of our products and we plan to continue increasing our presence here.”
Dr. Ananda, Managing Director, Synplicity India, said: "Synplicity’s growth in India is a reflection of our commitment and the consistently improving capabilities of the India center. With India’s strong base in chip designing, the EDA industry has tremendous growth potential in the country. The Indian EDA product market is expected to grow to $1 billion by 2015. We will continue to expand our operations to leverage this market opportunity.”
