SINGAPORE, 21 NOVEMBER 2008 - The transaction lifecycle management specialist SmartStream Technologies is opening its new Development Centre in Mumbai, India.
The aim is to further expand the company’s offshore software development operations.
According to SmartStream, the relocation is being made to a larger premises at the heart of an area renowned for IT and technology development. The move was necessitated to sustain growth as a greater proportion of new solution development work is being run out of India, a company official told MIS Asia.
As a result of the expansion, the technology firm is also looking to hire experienced software developers, particularly those with knowledge of middle and back office banking operations, the company said.
Accelerate operations
The Mumbai Development Centre is tasked with accelerating the time to market for new TLM solutions enabling SmartStream to rapidly respond to customers’ evolving operational requirements, said a company representative.
The expanded centre will develop new common services for the firm’s TLM enterprise control architecture as well as deliver packaged TLM solutions for trade process management and cash and liquidity management, the company said.
The technology company said that its Indian operation forms a critical part of the company’s established development facilities located in the UK and Austria.
