New Horizons to offshore global content development to Indian arm
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