CA sets up Asia innovation centre in Hyderabad

Hyderabad, April 24 (IANS) US software and solutions company CA Technologies has set up its Asia innovation unit at its development centre here in partnership with the International Institute of Information Technology, Hyderabad (IIIT-H).

The centre is the company's third innovation centre in the world after the US and Israel. It will work in areas like cloud technology, big data technology, mobile security and management.

"This will become Asian innovation centre where we come together with IIIT to create an environment to add to the technologies that support what is happening in the industry today," Chief Executive Officer William McCracken told reporters.

IIIT-H Director Rajeev Sangal said: "We are looking forward to working with CA Technologies to help develop strategic software solutions that can address the most pressing business needs of their customers and the enterprise industry."

Terming India as big business opportunity for the company, McCracken said the CA increased its investment in India by over 25 percent for last several years. "We will continue to do that because it is already starting to show returns. In the past year as a revenue India has grown well beyond what we have known as a corporation."

The CA has already invested $60 million in creating the infrastructure for its operations in India. McCracken also said CA was looking for acquisition of technology companies in India.