VMware says to invest $100 mln in India by 2010
BANGALORE, March 24 (Reuters) - U.S. business software maker VMware Inc (VMW.N: Quote, Profile, Research, Stock Buzz) aims to invest $100 million in India by 2010 and will double its staff in the Asian country to more than 1,000 in two years, the company said in a statement on Monday.
The investment will be to expand its research and development operations, it said.
"India is also one of our fastest growing markets and where we have increasing important system integrator partners," Chief Executive Diane Greene said in the statement.
VMware sells software that allows a single server to perform the work of 10 or more machines by creating multiple virtual computers that run simultaneously on the machine. The technology helps cut costs for equipment, electricity and labour. (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)
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