Tvm: Oracle, the world’s leading business software and hardware systems company, today became the first major US IT company to set shop in Kerala. Oracle is setting up its Kerala operations at the Leela Infopark in the Technopark campus in Trivandrum.
The lease agreement to this effect was signed today between R Jayaraman, VP (Real Estate & Facilities), Oracle India and Venu Krishnan, Deputy MD, Leela Group in the presence of Kerala Chief Minister Shri V S Achuthanandan.
Interacting with the media, Jayaraman said that they found Trivandrum suitable and hoped to start the operations at the earliest. Giving details, Venu said the lease agreement for the 36,000 sq.ft. (one floor) space at the Leela Infopark has been signed for a period of nine years. The agreement also features an option for Oracle to opt for two more additional floors within a year. The facility would be ready in about 3 – 4 months. While Oracle is planning to start with about 100 resources, the said space can seat about 350 – 400 people.
Leela Infopark is the biggest private IT park developer in Kerala with 1.7 million sq.ft built-up space already available within Technopark, Trivandrum and Infopark, Kochi. The construction for another 0.5 million sq.ft is currently underway.
K Suresh Kumar IAS, IT Secretary; Mervin Alexander, CEO, Technopark and V J Jayakumar, CEO, Leela Infopark were among those present on the occasion.
Kerala IT News