Mannara Tech sets up new facility in Pune.

Mannara Technologies, a Mumbai-based software company specialising in data management and business intelligence solutions and services, has set up a new facility at Hinjewadi in Pune.

Sanjay Kucheria, Director, Mannara, said: 'The market for data management & business intelligence services globally is predicted to grow from $2.3 billion currently to $2.8 billion by 2015. The new office space will allow us to increase our capabilities in key areas.'

The company has invested Rs. 30 crore for the first phase at Hinjewadi, and will invest an additional Rs. 30 crore for the next phase due to begin in 2016, he said.

With a staff strength of 100 engineers at present, Mannara expects to double this number in a year time and grow to around 1,000 employees by 2018.

Mannara Technologies Pvt Ltd. has been operational in India for the past 10 years with a small offshore development office in Navi Mumbai.

HBL