Silver Software in Expansion Mode
Source: www.business-standard.com
As demand for aerospace, railway signalling and space-related software engineering is on the rise, worldwide, Silver Software, a British firm specialising in all three domains, has chalked out an expansion plan that includes increasing its global headcount.
A privately held firm, Silver Software has development centres in India, UK and Spain, employing 350-people, of which 235 are based in Bangalore. Identified as one of Britain’s fastest growing technology firms by Sunday Times Tech Track 100 in 2002, 03 and 04 and 05, it has developed software products for Airbus and Boeing, Alstom and General Electric. For instance, it was Silver Software that that was responsible for developing landing gear software for Airbus A380.
In total agreement, Senthil Kumaran, Managing Director for Silver Software confirms India has great potential and confirms his firm’s expansion plans, saying: “We foresee a lot of opportunity with the economy growing in developing countries like India and China. The Indian aviation sector is witnessing a boom. Similarly, China is modernising its railway signalling in a big way. We see a greater role for us in developing software products for the aviation and railway signalling segments.”
So much so, by the end of the current fiscal, Silver Software’s worldwide headcount is slated to cross 400, while over the next three years, there are company expectations that its headcount will be in the region of 650-800. “A majority of them will be deployed in India. We are also exploring the options of moving into Tier-2 cities within India, like Mysore, Hosur and Chennai,” Kumaran points out.
Simultaneously, Silver Software proposes to open development centres in locations like Hungary, China and Poland. “We have not finalised the location as of now. By moving into these countries, we can extend the cost-benefit to our clients,” he adds.
Recently, the company has also entered the telecommunications space, undertaking software testing and verification, safety engineering and consulting in the communication sector.
Recording a turnover of $25-million, as well, it plans to expand its technology partnership network. At present, with two technology partners in Germany and the US, respectively, Silver Software is scouting for partners with experience in aerospace and railway signalling domains. And, if no suitable partners are to be found, Kumaran confirms his firm may go the acquisition route.
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