Array Networks to invest $50 million by 2020.

IT firm Array Networks plans to invest up to $50 million in India by 2020, with the Silicon Valley-headquartered company readying to cash in on the digital transformation boom in the country.

The company, which has posted double digit growth in India, intends to set up an R&D facility in Bengaluru and increase its total headcount to 100 from the present 30.

The company, which has already recruited seven for R&D in India, will add another 50-60 personnel for R&D, and the remaining would be for marketing. The company will be setting up a lab for hyper-converged infrastructure in Bengaluru, Array Networks Global President and CEO Michael Zhao said.

“We will be looking at a growth rate of 35 per cent year-on-year for the next three-four years. We are betting on hybrid cloud and digital transformation in India,” Zhao added.

At present, India contributes about 15 per cent of the company’s global business, and this is expected to grow to 25 per cent in the next five years. The R&D centre will help in building solutions for the local market and will work on new projects to manage hyper-convergence.

Array Networks offers a product called Hyperconverged Infrastructure that will help in app deployment and cloud service delivery.

HBL