SoftPro Systems Ltd announced the inauguration of its first global development centre in Hyderabad, India. SoftPros Hyderabad development center will initially support the companys GRC software development activities and ongoing efforts to advance GRC globally.

With an initial contract of $3 million, SoftPro Systems Ltd has built the product centre with a capacity for 300 seats. The first phase of recruitment has resulted in close to 45 new employees who will be trained by Cura.  Work at the Hyderabad site will include software development, design, testing and internal support. The centre is part of the companys efforts to enhance its engineering workforce to help meet the increasing demand for GRC software using cutting edge technologies as well as other product development capabilities for Indian and global companies.

On the occasion, Bala Reddy, Chairman and MD, Softpro Systems Ltd said, We will be investing to develop cutting edge technologies and the development center is a step in that direction. The appalling corporate failures and economic recession witnessed over the past year has added to the importance of GRC projects, escalating it up the priority list of corporates in India and globally. The development center at SoftPro Systems marks the beginning of a new era where we will lead the way for GRC to become an integral part of every company in India.

Avi Eyal, CEO, Cura Software Solutions said, I am extremely pleased to be a small part of this GRC growth story in India. The opening of the new development centre will see our integration into the SoftPro Systems family growing stronger. We look forward to the development of the version 4 of the software and this hopefully will positively impact our expanding product roadmap while creating opportunities for growth and innovation in the region.

Vijay Rao, Vice Chairman, SoftPro Systems Ltd added, It is a big landmark for SoftPro Systems and more importantly it is our foray into product development in India. The development center has state of the art facilities with a capacity for over 300 seats which strongly positions us to expand into other IT development in the near future. We are confident of developing the version 4 soon which we believe will further boost the confidence that our customers have in us and help them optimize their performance levels.