TPG-backed Planview opens capability centre in Bengaluru, to invest $125 million

economictimes.indiatimes.com:

Planview opened a global capability and innovation centre in Bengaluru and earmarked $125 million in investments for expansion in the region over the next four years. The Texas, US-headquartered company Thursday said the investment will go into hiring and centre operating expenses over the next four years to drive a strong growth trajectory in the country. It also said it had hired around 400 people in the last 12 months.

These were in the functions of data science, research and development, business applications and cybersecurity. “Planview is very bullish about its India operations. Our expanded footprint allows us to support global clients at a time of increasing digital transformation and business activity in the world’s fastest-growing economic region.

Our centre will help customers fast-track their digital transformation while supporting the economic growth of the region,” said Razat Gaurav, Global CEO, Planview.Also read | Indian Global Capability Centers to create 3.64 lakh jobs in 2023: report Shalini Sankarshana, country manager and MD at Planview said expansion of the centre is integral to progressing the innovation roadmap and supporting the business needs of clients as they continue to accelerate their business transformation journey. The company said it serves over 4,500 customers and 2.6 million users across financial services, healthcare, insurance, automotive and technology. In December 2020, Planview was acquired for $1.6 billion by TPG Capital.