VSoft Technologies, a global information and technology solutions provider for financial institutions, on Monday conducted the ground-breaking ceremony for its new development centre at Mangalagiri in Andhra Pradesh.
The development centre, spread over 1,886 square metres, is coming up in Amaravati, the new state capital.
The state government has allotted the land for the facility under its industry policy.
The ground-breaking was performed by Murthy Veeraghanta, Chairman and CEO of VSoft Technologies, and the foundation stone was laid by Lakshmi Veeraghanta, Director.
"We are excited to be moving forward rapidly towards creating more than 400 job opportunities in the region. This is in line with commitments made to both the state government and the enormously talented people of Andhra Pradesh," said Murthy.
VSoft, which commenced its operations 20 years ago, has development centres in India and the United States. It provides IT products and services to more than 2,600 financial institutions globally, including major commercial, cooperative and public sector banks.
--IANS
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