Synplicity India expands its R&D operations 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 Chief Executive Officer, Synplicity Inc. Synplicity's India team consists of one third of the organisation's worldwide R&D team and this will grow up to 50% within the next four to five years. Synplicity India has also announced that it will increase its headcount by 20-30% by the end of 2008.
Commenting on the inauguration of its new office in Bangalore, Gary Meyers, President and Chief Executive Officer, Director, Synplicity Inc. said, "India's role in Synplicity's global strategy has become crucial. The India centre 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 centre. 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 US$1 billion by 2015. We will continue to expand our operations to leverage this market opportunity."
