Mar 8, 2006

Adobe to invest USD 200m in India over 5 yrs

Source: The Economic Time, India
Written by Amanpreet Singh

NEW DELHI: The $ 2bn Adobe Systems is bullish on India. In his first visit to India after the global takeover of $3.4bn Macromedia in December ‘05, Bruce Chizen, CEO of Adobe Systems announced a slew of new initiatives for India.

The company would be investing over $ 200m in the country over the next five years and will ramp up its India headcount to 900, up from the current 650, by the end of the year. India already accounts for 12% of Adobe’s total global employee strength, and almost a fourth of its global engineering strength.

Adobe Systems was one of the first global software majors to realise India’s R&D potential when it set shop here in 1998 under Naresh Gupta. India is the second largest R&D centre after the US for Adobe Systems. “We figured out the higher level of engineering skill sets in India,” says Mr Chizen.

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