Model N is expected to invest 80 to 100 crores in its Indian operations over the next three years by recruiting in the areas of product development, professional services, and customer support services.
Srikanth Gadamsetty, general manager of Model N, India, said: “The new facility in Hyderabad is in a prime location to serve the domestic Life Science industry and the Asia-Pacific High Tech industry.
“In addition, India workforce will help expand our product management and development capabilities, deliver services and enable us to more easily scale to meet the needs of the increasing Life Science and High Tech industries.”
Zack Rinat, founder and CEO of Model N, said: “I am excited about the role our India operations will play in bringing the quality products and services to the Asia-Pacific market and our customers.”
Konijeti Rosaiah, chief minister of Andhra Pradesh, said: “The growing presence of niche software companies like Model N has helped Andhra Pradesh to develop in the information technology industry.
“Our industry-friendly measures and policies are helping companies like Model N to make long-term investments in the Hyderabad region. Model N’s investment in Andhra Pradesh will not only benefit the region’s pharmaceutical and high tech industries but will also create good jobs.”
Mr Rinat said: “Our decision to establish our Asia headquarters in Andhra Pradesh was largely driven by Dr Rosaiah’s vision for the region to become a hub for the pharmaceutical and high tech industries.”