Wilco to invest Rs 100 crore in Indian Operations 


            WILCO International Systems, a financial software company specializing in systems for the securities industry, plans to invest Rs 100 crore over the next three years in its Indian operations, in addition to foraying into new markets across the globe.
                  The investment will be made in development for software for investment banks, launch of new products designed to web-enabled securities trading and investment banking, and recruitment of professionals.
                                 Wilco International, a wholly owned subsidiary of the US-based Automatic Data Processing (ADP), has a development center in Hyderabad.The company was making inroads into the new economy with customized training software capable of sustaining multi-platform, multi-currency and multi-lingual transactions on a world-wide basics.
                         The expansion plans include moving into new markets into Australia, Canada, Germany and other European markets, scaling its core architecture and providing International solutions in the retail space.

-25 July'00