Hyderabad: San Francisco-based financial performance management software firm Planful has expanded its presence in India with the opening of a new Research and Development (R&D) hub in Hyderabad. The company plans to double its headcount in the region as part of its ongoing growth strategy.
Planful has already invested USD 50 million in India and aims to add USD 120 million over the next five years. The new Hyderabad office will not only focus on R&D but will also support global back-office operations. Grant Halloran, CEO of Planful, highlighted the company’s long-standing ties to Hyderabad and its commitment to leveraging the city’s IT talent.
Planful’s Hyderabad office is expected to play a central role in driving innovation for the company’s AI-driven financial performance management solutions. Executives from the company, including the CEO and other senior leaders, were present for the inauguration of the new office.
