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FireEye Inaugurates R&D center in Bangalore

In an important announcement today, FireEye, the California-based firm and a pioneer in Cyber security announced that it will invest up to $ 50 million (about Rs 272 crore) in research and development (R&D) on Internet security products in the next 4-5 years.
Not only this, the company has named Sridhar Jayanthi as the Vice President (R&D) and Managing Director, India operations. Ramsunder Papineni has been roped in as the Regional Sales Director for India and the nations participating in the South Asian Association for Regional Cooperation (SAARC).
Stating about the expansion plans and strategy, Jayanthi stated, “We plan to expand our operations here in India and expect to hire 250 people in the next 5 years”.
The Company today also launched its R&D centre in Bangalore which will develop and test new products. The Bangalore facility will serve as a hub for the development and testing of new FireEye products. During its initial phase, the Bangalore based R&D center will employ approximately 50 research and development specialists by the end of the year. Sridhar will contribute to the FireEye product direction and will build the company’s Indian operations.
Informing the media about this development, FireEye Founder and Chief Technological Officer (CTO) Ashar Aziz, said, "We will invest $ 50 million in our R&D activities in India in the next 4-5 years to develop cutting-edge cyber security solutions".
Emphasizing on the imperativeness of research on Internet security, Aziz informed that cyber attacks have become more sophisticated and are now easily bypassing traditional signature-based defences like next-generation firewalls, IPS, anti-virus and gateways compromising the majority of enterprise networks.
As a matter of fact, the FireEye platform is deployed in over 40 countries and more than 1,000 customers and partners including over 25 per cent of the Fortune 100 companies have deployed it.

14-Mar-2013 15:43:59
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