The international defence and civil security electronics technology supplier Thales group has opened a $1.3 million software centre in Chennai, choosing the city for its global system development and export hub.
“Thales Software India has invested 1 million euros in developing the Chennai facility and hopes to triple this investment in the coming years and employ a thousand software engineers here by 2010,” said Jean Paul Lepeytre, senior vice president, Thales security services and services divisions.
TSI earns revenue of over $400 million through its India operations and hopes to increase this in the coming years with export of software systems for all its ongoing and future operations in 50 and more countries.
“Our Chennai centre will provide the domain specific expertise for all our world operations and anything TSI does here will be exported and available in our products elsewhere,” mentioned Francois Dupont, country director, Thales.
To begin with, the Chennai centre will develop software for ATMs and IFSs.
Thales (formerly Thomson Components and Thomson CSF) has been a provider of electronics and systems group for 37 years catering to defence, aerospace and security markets worldwide, supported by a services offering.
IANS