US firm Planful expands footprint in Hyderabad, plans to ramp up hiring
The Hindu
California-based Planful expands R&D hub in Hyderabad.
San Francisco-headquartered financial performance management cloud software provider Planful has opened a new office in Hyderabad as part of expansion of its research and development (R&D) hub and with it announced plans to hire and invest more over the next few years.
“It is an expansion of operations... present in Hyderabad since 2011-12. We have now inaugurated a new, 40,000 sft facility with an investment of $1 million that can be further expanded,” CEO Grant Halloran replied to queries from The Hindu.
Over the years, Planful has invested $50 million in India and plans to invest an additional $120 million over the next five years. Primarily, the investment will be towards further strengthening‘our resources and talent.’
The company will be hiring more for product management, engineering and quality assurance roles. “In addition to that, we have a large network operations centre here for our technical operations. It is an extension to devops. We have people to build the product here and to run it on cloud as well. Security monitoring worldwide is also done from Hyderabad. We also have marketing, finance, HR and sales support roles here as well,” he said.
Headcount to be doubled
On hiring plans, he said “in 2012 when we first started our operations, the team was as small as 20-25 people. Currently we have 200 associates in India. We aim to add another hundred over the next year and a hundred more thereafter.” A market leader in AI-enhanced financial performance management technologies, Planful is backed by global private equity firm Vector Capital.
In addition to R&D operations, the new Hyderabad office will also play a pivotal role in supporting Planful’s global back-office operations, the company said.
Cricket fans in Vizag enjoyed a thrilling ODI as Kohli, Rohit, and Jaiswal delivered memorable performances for Team India.
Congress leaders, including Kharge and Gandhi, meet to address the Karnataka leadership struggle, planning further discussions.
Kerala's local body polls focus on regional issues and candidates, not a referendum on the LDF government, experts say.
A 74-year-old man and his sister lose ₹80.5 lakh in a digital arrest scam by cyber fraudsters posing as police.
Social Justice Minister honors Dr. B.R. Ambedkar on his death anniversary, joined by top officials in floral tributes and reflections.
NPCIL is to blame for storage of radioactive waste on site of Kudankulam nuclear power plant: Appavu
Tamil Nadu Speaker Appavu criticizes NPCIL for unsafe nuclear waste storage at Kudankulam, urging better solutions for public safety.
Raghavasimhan Sankaranarayanan’s AI innovation, Hathaani, blends the soul of Carnatic music with cutting-edge technology.
Banu Mushtaq discusses the power of storytelling in dismantling societal norms at the Bengaluru Literature Festival.
Sunali Khatun returns home to West Bengal after being detained in Bangladesh, highlighting ongoing struggles for repatriation and justice.
German Chancellor Friedrich Merz visits Israel for the first time to strengthen ties amid recent tensions over the Gaza conflict.
A study reveals rising heat amplifies health risks for women in seven Indian states, impacting physical, mental, and economic well-being.
Ghaziabad topped India's pollution list in November, with Delhi ranking fourth, according to a new air quality report.
ED, GST officers conduct check at a cardamom merchant’s godown in Bodi with CISF guards on duty