India and Emerging Markets - next big opportunity for Yahoo
Inaugurates New Facility with 2.2 lakh sq feet area; Appoints Sharad Sharma as Chief Executive Officer
Tweet-- In line with Yahoo!’s continued commitment to its India Development Centre, David Filo, Co-Founder, Yahoo! today shared restructuring plans for the Research & Development Center in Bangalore.
As part of the global reorganization at Yahoo!, the International group has been structured into 3 regions – Asia, Europe & Emerging Markets. Yahoo! sees India and Emerging Markets as the next big opportunity. The India team is well-positioned to leverage this opportunity as they enjoy the advantages of the location in relation to time zones (Bangalore); critical mass of talent accumulated over the years; ability to produce end to end products; and the fact that India is one of Yahoo!’s top priorities.
The Yahoo! India R&D Centre has grown not only in size but also in capabilities over the years. India will now be the Centre of Excellence for Product Engineering for ‘Emerging Markets.’
“The Bangalore Development Center continues to grow rapidly and has crossed the 1000 mark in headcount. I’m confident that the team will provide technology leadership, innovation and proficiency in handling the engineering operations for the Emerging Markets group” said David Filo, co-founder Yahoo!
David Filo also announced the appointment of Sharad Sharma as CEO of Yahoo! India Research & Development. Sharad will be responsible for the Yahoo! India Research & Development centre and will also head the Engineering responsibility for India and Emerging Markets.
“Yahoo! India R&D welcomes the expertise that Sharad brings with him in the field of high-end product development and engineering”, said Venkat Panchapakesan, Head-Audience Group Engineering, Yahoo!.
The new Yahoo! India R&D facility to be inaugurated by David Filo on April 26th at Embassy Golf Links, Bangalore, boasts of 2.2 lakh square feet floor space with a seating capacity of 1600. The office also includes facilities like Day Care, Mother’s Nursing room, Recreation centre, Relaxation room and Breakout areas on all the five floors.
Notes to Editor
About Yahoo! India Research and Development
Yahoo! India R&D (http://bangalore.yahoo.com) was established with a mission to deliver software solutions based on product and technology innovation to create a significant business impact for Yahoo! Inc. globally. The company’s operations are divided into Yahoo! R&D India and Yahoo! Engineering Services India. The R&D group creates technologies and products that cater to our everyday needs on the Internet and help achieve sustained visible impact on a global scale. The Engineering Services group provides quality assurance services, monitors and supports all the Yahoo! applications deployed worldwide.
About Yahoo!
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!'s mission is to connect people to their passions, their communities, and the world's knowledge. Yahoo! is headquartered in Sunnyvale, California.