Wilco reveals huge Indian investment

The company plans to invest ú30 million over next three years.

Elton Cane

November 16, 2000

Wilco International, a software and services provider specialising in outsourcing, e-brokerage and straight-through processing (STP), has announced big expansion plans for its operations in Hyderabad, India. This investment will see an increase in the amount of development there as well as expansion of the company’s Securities Data Management service, which is based there.

Wilco acquired its Hyderabad operations, with about 100 technical and managerial staff, from US investment bank DE Shaw in June 1999. Since then it has raised the headcount to 260, but now says it expects that figure to hit 1,000 within three years as it invests ú30 million ($42.83 million) in the centre.

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