 "Synplicity Expands India Operations")
Synplicity has announced the inauguration of 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.
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-five years. Synplicity India has also announced that it will increase its headcount by 20-30% by end of 2008.
Commenting on the inauguration of its new office in Bangalore, Gary Meyers, president and CEO, Synplicity, 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, MD, 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 $1 billion by 2015. We will continue to expand our operations to leverage this market opportunity.”