Mumbai, Dec 12 (UNI) Leading IT training company, New Horizons today said it will offshore the global content development to the Indian arm, New Horizons India (NH India), at an initial investment of 10 million dollars over the next three years.
New Horizons India (NH India) will create content for internal training material that will be used in 60 countries across the globe, and also offer the same services to both Indian and global customers who require customised content.
This also marks New Horizons' foray into the content development space which until now it had outsourced to vendors in the US.
To execute this business, New Horizons India is likely to invest an initial 10 million dollars over the next three years. A 13,000 sq ft state of the art development centre has been set up in Noida.
The headcount in the first phase will be 200 people.
By the end of 2009, New Horizons India will increase this headcount to 1,000, taking its overall staff strength to over 3,000 in India.
Speaking on the announcement, New Horizons Worldwide Inc President and CEO Mark Miller said, ''We believe that the market for content outsourcing is a one billion dollars worldwide, and we are confident that New Horizons India will be able to leverage their expertise in technical training as well as the strong Indian intellectual resource pool to capture a significant share of this market.'' UNI