VSoft Technologies, a global provider of information and technology solutions for financial institutions, has today announced its plans of setting-up a Software Development Centre in Mangalagiri, Andhra Pradesh.

Incorporated in 2004 as the Indian arm of the Atlanta based VSoft Corporation, VSoft Technologies Pvt. Ltd. caters IT Solutions to the Indian Banking and Financial Institutions Sector with technology products and platform based BPO services in the core banking and payments domain.

This Software Development Centre at Mangalagiri would help to scale company’s operations by providing innovative technology solutions and services to its Financial Institution clients that are based in India and Abroad. This center would also be used for Banking Software Development and Support Activities. The proposed development center will be set up in 1882 sq. feet area that has been allocated as per the industry policies framed by the Government of Andhra Pradesh.

VSoft Technologies has a Development Center in United States and provides services to more than 2600 customers globally. In India, the company has head office & development centre in Hyderabad and Rajahmundry respectively and serves over 300 customers. VSoft’s next-generation, platform-based BFSI business services help banking, financial and insurance service providers to adapt, innovate and compete with greater speed and rigor. The company has built a comprehensive platform BPO infrastructure where people, process and technology work in unison to drive, support and accelerate business transformation. Banks with the IT staff to support an installed solution leverage vsoft products to meet their needs.

Speaking at the occasion, Mr. Murthy Veeraghanta, Chairman and CEO, VSoft Technologies, said “We are delighted to set-up this World Class Centre and within a year the tremendous talent in Mangalgiri and across the state of Andhra Pradesh will help us to achieve our goals not only in India but also across Asia,vAfrica and the Americas. We are also committed to create more than 400 jobs at the center that are going to be the backbone to our growth strategy”.

Earlier in June 2016, the company has launched flagship product “Jeb application”, thar lets the users receive and pay money instantly using their mobile phones using Unified Payments Interface (UPI) based transactions.

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