London-based software products and services
Logica Plc is planning to expand
Indian subsidiary in Bangalore, and make it the center for Logica’s
worldwide banking products development.
“The initial development in India will concentrate on financial
services,” said Hamish Harding, managing director of Logica India.
products from other sectors will be phased in for development based on
market opportunities,” he added.
With regard to banking software development, the retail banking
have already been relocated to Bangalore, with the other segments in
process of being moved to the city.
Work on some of Logica’s products in sectors such as
distribution, transport, and energy will also be gradually moved to
Bangalore in a phased manner.
The company has marketing and client support offices in Mumbai and New
“Logica, which has built a substantial product development center in
recognizes that the availability of highly-educated, professional and
skilled software engineers in India provides a unique, economically
competitive business opportunity,” said Harding.
Logica’s Indian operations got a major boost after it acquired
Bangalore-based company that developed the Quaestor retail banking
in 1996, and won a global contract with a bank in the Middle East.
is now Logica’s flagship brand.
The company, whose payment systems are used by more than 150 banks and
employs over 10,000 people in 24 countries around the world, has
about US$3.5 million in its Indian operations so far.