2/1/2006 - PortalPlayer, Inc. (Nasdaq: PLAY), a leading supplier of semiconductor, firmware and software solutions for personal media players and secondary display-enabled notebook computers, announced that its Indian operations will soon be housed in a dedicated facility in Hyderabad.
Designed to support up to 300 employees, the new facility will be located on five acres PortalPlayer recently purchased from APIIC (Andhra Pradesh Industrial Infrastructure Corporation) at the IT Park Layout in Nanakramguda Village, Serilingampally Mandal, R.R. Dist and is expected to be ready by October 2006.
"PortalPlayer Hyderabad houses some of the brightest engineers in the world working on Portable multimedia technology," said J.A. Chowdary, president and managing director of the PortalPlayer subsidiary in Hyderabad. "This new facility will enable us to double in size, adding to our talented group of software, firmware, and semiconductor engineers."
To help support overall company growth, PortalPlayer has organized into three product divisions, each focusing on a different market opportunity: personal media players, personal media displays and personal wireless entertainment. Engineers at the PortalPlayer Hyderabad facility will contribute to core technology and product development across all of these divisions.
Currently, the company plans to recruit about 100 employees into the Hyderabad facility in 2006. These new jobs along with the new facility will support the local economy with a total investment by PortalPlayer of approximately US$ 5.2 million (excluding land cost).
PortalPlayer Pvt Ltd, the name of PortalPlayer's Hyderabad operation, has operated from Jubilee Hills since 1999. Headquartered in San Jose, California with major offices in Kirkland, WA, Taipei and Hyderabad, PortalPlayer, Inc. currently has 284 employees worldwide.
"2005 was an outstanding year for PortalPlayer, and the Hyderabad engineers played a great part in that success," said Gary Johnson, president and chief executive officer of PortalPlayer. "We are looking to this site to bring even more exciting innovations that shape the way people view and enjoy their personal digital content."
PortalPlayer develops semiconductor, firmware and software platforms for portable multimedia products such as personal media players and secondary display enabled notebook computers. PortalPlayer products empower consumers to quickly and easily manage, enjoy and have access to multimedia content and other forms of information. PortalPlayer is headquartered in San Jose, Calif., with offices in Kirkland, Wash., Taipei, Taiwan and Hyderabad, India.
PortalPlayer and the PortalPlayer logo are trademarks of PortalPlayer, Inc.
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