Symphony Services, the global leader in product engineering outsourcing services, today announced a series of global expansion plans in India and China to support the company's aggressive growth and meet increased customer requirements. The expansion will allow Symphony to expertly and efficiently service its growing roster of global clients who rely on the company to provide strategic and operational support and services for product engineering initiatives.
"Our ability to deliver value to clients has helped us achieve an above industry rate of growth in revenues and profits, and prompted premier organizations worldwide to partner with Symphony for a host of strategic product engineering initiatives," said Gordon Brooks, CEO, Symphony Services. "With 37 new clients so far in 2008 and 41% year over year revenue growth, we are building for our future. To continue this trajectory, expansion of our development facilities has become an integral part of our growth strategy in India and China. Our efforts in this arena are bearing fruit. In the fourth quarter we will bring three new facilities online. All of these developments contribute to excitement for 2009, which we anticipate will be another breakthrough year despite the downturn in the global economy," added Gordon Brooks.
As part of its strategic growth plan, Symphony recently completed building its new Center for Innovation in Product Development in Pune, India. With 175,000 square feet over eight floors and a capacity of 1,300 people, the Center for Innovation in Product Development is equipped with best-in-class product development infrastructure and employee workspace to provide the tools and environment required for efficient, cutting-edge product innovation and R&D. In addition, Symphony occupies 50,000 square feet of workspace in Pune with a capacity of 400 people in an adjacent facility.
Within India, Symphony is also expanding its presence in Bangalore. Symphony is taking advantage of a new Special Economic Zone in the region to build a new facility with about 100,000 square feet, to support expanded operations. The first phase of the Bangalore expansion is scheduled to open at the end of 2008, complete with state-of-the-art development and training infrastructure. In addition, Symphony occupies 330,000 square feet of workspace in their Bangalore Campus on the Outer Ring Road along with the Symphony Tower in downtown Bangalore.
Finally, as part of the company's commitment to providing global support for product engineering and R&D, Symphony has also expanded its footprint in Beijing, China's premier software hub. Since launching its operation in China in mid-2007, Symphony has experienced significant traction among customers in establishing delivery capabilities in China as more organizations look to globalize outsourcing resources and strategies. As a result, Symphony's operations in Beijing have realized exponential growth and the company has moved into a new facility to seamlessly support current and future customer demands. The new facility is located in the Zhongguancun Software Park in the Haidian hi-tech district of Beijing.
About Symphony Services
Symphony Services is a global provider of product engineering outsourcing services dedicated to helping clients compress time to market, achieve higher innovation yields and improve productivity to increase the value from their R&D investments. From strategic and operational consulting guidance to complete product lifecycle capabilities, the company is distinguished by a singular focus on product development and collaborative, end-to-end solutions. Symphony brings domain expertise and deep commercial-grade software and embedded real-time systems capabilities to its partnerships with software vendors, software-enabled businesses and companies whose products contain embedded software. Symphony Services is headquartered in Palo Alto, CA, with offices in North America, India, Europe and China. For more information, please visit www.symphonysv.com, e-mail us at info@symphonysv.com or call Heather Dalloul, Associate Vice President, Marketing at +1.650.935.9534.
