Mcafee to expand operations in India, to invest USD 80 million

Mumbai, Mar 29 (UNI) California-based security management solutions major, Mcafee Inc, will be expanding its operations in India and has earmarked an outlay of USD 80 million for the purpose.

A release issued here today stated that Mcafee will be expanding its centre over the next four-year period. The company will also beef up its workforce by adding another 400 employees on its rolls.

The company's India branch has contributed immensely towards increasing Mcafee's profitability margin to 25 per cent in 2005 as against 13 per cent in the previous year, besides earning USD 1.15 billion dollars during the same period, said Mcafee Chairman and CEO George Samenuk.

''One of the key drivers that helped Mcafee transform into a leading global security provider and achieve best-in-class profitability since 2002 is our R and D centre in India,'' Samenuk said, referring to the Bangalore engineering group that constitutes 30 per cent of the company's global R and D team.

Company executives said the stress would be on engineering ownership of many products in India. ''The centre will focus on research and development of security solutions and product innovations, and will take ownership of some of the key security products it creates from requirements to customer release,'' they added.

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