OpenText to double workforce in India
Nasdaq-listed Canadian company #OpenText aims to double its workforce in India from the present 2,200, in the next three to four years. A leader in Enterprise Information Management ( #EIM ), the company has a presence in Hyderabad, and it recently expanded to Bengaluru, which houses over 1,100 people. The company has made many acquisitions, including @DellEMC ‘s #EnterpriseContentDivision (ECD). “We want to expand our team in both Hyderabad and Bengaluru. We started off in India with just one employee over 9 years ago, and now we have increased it to 2,200, both through organic and acquisitions,” Mark J Barrenechea, vice-chairman, CEO and CTO of OpenText told DH. The company also has offices in Pune, Delhi and Mumbai, which mostly take care of sales. Barrenechea sees huge potential in Indian workforce. “The country has got enormous talent and more opportunities. We have our IoT development here and it is delivered out of India. Also, engineers work on Security and Artificial Intelligence,” he said. The company has clients from financial services organisations, banking, to telecom, utilities and government and public sector organisations. Its clients include Citi Bank, Dr Reddy’s, Siemens, Bosch and Novartis, among others, and in India, it includes Tata Power, Wockhardt, Glenmark Pharmaceuticals and Cipla. “We are helping our clients by combining enterprise information with the IoT, AI, extreme automation and hyper-connectivity, to drive strategic business transformation by harnessing the power of their information,” he added. APJ (Asia Pacific and Japan) contributes 10% of $3 billion revenues, and its average CAGR revenues in the last 10 years has witnessed 14% growth.