Seagate Technology is considering setting up a software development centre in India.
A highly placed official at the storage giant told 'Newswire' that "India is an attractive location for software development and we are keen on setting up a base here". He also said the company will be looking out for local acquisition prospects.
He added: "Globally, the focus of our software development activities have been on storage management and if we set up an operation in India, we will retain this focus."
The plans for India are part of Seagate's recent expansion in the Asia-Pacific region. The company has recently set up software sales offices in Malaysia, Hong Kong, Japan and Australia.
Seagate made its entry into the software sector in May 1994 with its takeover of Crystal Computer Services. Since then, it has taken over nine other companies including Palindrome, Network Computing, NetLabs, Fyre Computer Systems and Arcada Software.
These acquisitions have taken the company's software sales to about $250 million, making it one of the top 20 software houses in the world. When asked if Seagate Software had identified any takeover targets in the country, the official said any company operating in the niche area of storage-related software would become an automatic target.
"Internationally, our software operations have grown through acquisitions, I don't see why we can't adopt the same strategy here," he added. Seagate chairman Al Stugart has identified software as one of the Seagate's future growth areas. He has set a sales target of $1 billion by 2002 for the software division.
Seagate Software has over 1,000 channel operators worldwide with about 125 distributors in Europe and 50 in the Asia Pacific region.
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