Adaptec tranfers India Product Development to HCL

Posted Date: 19 Aug 2008 Resource Type: News & Announcements Category: General

Posted By: Balaji Madhavan Member Level: Silver
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Points: 4

Good News to Indians

Adaptec the pioneer U.S company in softwares(CD burning, Editing)has decided to transfer their product development centre in India to HCL Technologies in order to make the operations more efficient and also have quick access to staff people.
Under the agreement, the HCL will setup offshore development centre for Adaptec and the company will have full ownership of intellectual property developed by HCL.
The arrangement with HCL will enable to pull in staff on demand from HCL.This model will be the one and Adaptec has their own development centers in U.S and Germany.
Moreover about 50 staff from ITC have been transferredto HCL for this operations.These staff will work exclusively for Adaptec Engineering Projects.
According to a research made by Forrester Research," Many Multinational companies having development subsidiaries in India will find it more cost-effective to tranfer these operations to third party contractors.
Microsoft and Cisco uses a hybrid model where critical development work are done at these subsidiaries while other work will contracted Indian Outsourcers.

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