The company would invest in development and support centers as well as
marketing activities for engineers
StorageTek, which until recently had a liaison office in India, has
established its fully owned subsidiary in India. Announ-cing this, Andy
Srinivasan the company's regional Director for APAC said that the com-pany
would set up two soft-ware development centers in Pune and Bangalore and invest
$10 million in the next two-three years. The company would also invest in a
mainte-nance and support center to provide second and third level support for
StorageTek's current emp-loyee strength stands at 25 and would be hiked to
80 by the year-end. "The develop-ment team will not work on application
software but on product development around firmware," said Srinivasan.
Besides expanding its team in India, the company also plans to extend its
footprint in the country. "We would like to increase our engagements with
customers and our partn-ers," said Vijay Pradhan, Coun-try Manager,
To this end, he said that the company would focus on major growth sectors
inclu-ding telecom, banking, finan-cial and technology verticals. Pradhan also
informed that StorageTek hopes to improve its current market share of 35 percent
in the automated tape library space to a market lead-ing position this year.
Besides, the company also expects to increase its revenues in the disc and
networking product range. Sales and support offices would be opened in Bangalore,
Mumbai, Delhi, Chennai and Hyderabad. To support its distributors better, the
company will open depots offering spares support in Bangalore to start with and
in other cities subsequently.
The $2.2 billion company currently leads the enterprise tape library market
with 62 percent share.