Innominds Software, a leading provider of Outsourced Software Product Engineering, announced the launch of its second Product Engineering (PE) Innovation Center in Hyderabad that will boost company’s fast track growth strategies in Application and Tools Independent Software Vendors (ISVs), Mobile and Telecom markets globally. The new Software PE Innovation center spread over 20,000 Sq. Ft facility at the Info City will offer extended product engineering know-how and collaborative research support for Innominds’ growing list of customers worldwide.

Under the new expansion initiative, Innominds anticipates an increase in engineering headcount. The company is hiring actively across all levels in its locations in US and India and expects to reach 1000 mark over  the next two years. This will support the outsourcing demands of Innominds customers and will help in expanding the company’s  customer base significantly.  Additionally, the new facility will also enable the company to expand and strengthen sales support plans globally.

“Our key initiatives involve aggressive business models and adding value to our product engineering service offerings. We are confident, our new investments in India will enable Innominds to expand its market share in the outsourced software product engineering sector and fuel our target revenue growth of more than 100% on an year-to-year basis for the next 2 years” Mr. Rao Vemula, Co-Founder and CEO, Innominds Software Inc. Said

Globally, the market for outsourced product engineering is evolving rapidly. Software product companies are maturing and are considering outsourcing as a part of their strategic expansion goals.  According to Mr. Divakar Tantravahi, Co-Founder and Managing Director, Innominds Software, India, “Going beyond cost arbitrage, the market has matured to outsourcing, driven by quality, time-to-market, domain expertise and mitigation of product development risks. Today, the market looks towards innovation as a key outsourcing driver that expands their global markets, provides flexibility in managing global talent and is catalytic to their growth”.

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