World's largest professional network, LinkedIn has set up a new technology centre in southern Indian city of Bangalore.
The new centre will be the first outside its headquarters in Mountain View, California in the United States. LinkedIn has 135 million members from across the world and more than 12 million in India, making it the second biggest user base for the company.
LinkedIn entered the country in 2009. It now has about 100 employees in three Indian cities - Mumbai, New Delhi and Bangalore and got a very positive response to its public listing in India. The new Bangalore R&D centre will employ about 35 engineers by the end of this year. The centre will build and operate the core products and applications of the company.
LinkedIn was started by ex-PayPal executive Reid Hoffman in 2002. The company employs about 1,797 people across the world and generates revenues by selling premium membership and providing assistance to companies for hiring and marketing.
Several firms including, HCL Technologies Ltd and ING Vysya Bank use LinkedIn to hire employees in the country. Firms like Jet Airways Ltd and Volkswagen AG rely on its services for marketing in India.
- Reportedly Pfizer and Allergan Considering a Combination
- Ted Cruz Unveils Flat Tax Plan, Says it will Spur Economic Growth
- Samsung’s Business Moving in the Right Direction; Quarterly Profits Surpass Estimates
- Feds December Rate Hike Agenda Pushes Dollar to 2-1/2-months High
- Comcast Corp Reports Gain in Q3 Revenue