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SAS to invest $20 m, double R&D strength
SAS, global leaders in business intelligence solutions, on Friday announced setting up of its largest research and development centre here, as it expects the Indian market to grow by 27 per cent and generate $87.4 billion business by 2009.
SAS, whose domestic clients include RBI, HSBC, Standard Chartered Bank, ICICI Bank, GE capital, Citibank NA, HDFC Bank, Hindustan Lever Ltd, Pfizer, Novartis and GlaxoSmithKline, is coming up with a 1.75 lakh sq foot R&D centre that would ramp up the operations of its global R&D division - SAS Global Services.
"This investment reinforces our belief in India," SAS CEO, Mr. Jim Goodnight said, while announcing the new initiative. The proposed unit would become the biggest R&D centre of the company outside US.
The company is also looking for partnerships with Indian IT companies in order to deliver the latest business intelligence solutions to the Indian customers, he said. India's business intelligence market is growing at an annual rate of 27 per cent and is expected to surpass $87.4 million by the end of 2009.
SAS Global Services was established in 1999 and presently employs about 175 SAS developers working with other R&D facilities in Denmark, UK, Japan, China and Germany. - PTI
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