Dutch firm Flytxt, which specialises in Artificial Intelligence (AI), data analytics and marketing automation, has announced expanding its R&D facility at the Technopark campus here by further investing Rs 250 crore.

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Thiruvananthapuram:

Flytxt Group CEO Vinod Vasudevan said even though they are headquartered in Amsterdam, the nerve centre of the company is its Technopark campus.

“The entire R&D (Research and Development) activity takes place here... We are going to increase our staff strength from 300 to 500 shortly and it will touch 1,000 in the next five years,” said Vasudevan, a PhD from IIT.

Flytxt was formed in 2008 after a group of European investors wanted to invest their money in some business and Vasudevan was roped in from Mumbai.

Their client list of Flytxt includes telecom operators such as Vodafone, Airtel, MTN Group, Viettel, Zain.

“Today our software solutions are mostly from the telecom sector as 70 firms globally use our products. The fresh investments is being done to enter retail banking,airlines, hospitality industry and digital wallet segments,” said Vasudevan.