Mirabel Technologies to invest Rs 40 crore in India business – Feedback

US-based Mirabel Technologies, developers of cloud-based solutions for the marketing and digital publishing industry, on Thursday announced an investment of Rs 40 crore into its India business.

Elton Sayward, chief operating officer (COO), Mirabel Technologies, said, “We will be investing Rs 40 crore in India for scaling up our business including increasing our head count, developing new products and marketing the same. We see a huge potential for our marketing manager product given the rapid strides that Indian companies are making on the digital marketing front.” The Florida headquartered company expects to achieve break-even in one or two years, said Prudhvi Manthena, Director of Technology. The company will expand its team at the existing research and development center in Hyderabad to over 100 by first quarter of 2017.

http://economictimes.indiatimes.com/tech/internet/mirabel-technologies-to-invest-rs-40-crore-in-india-business/articleshow/54199356.cms

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