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Manugistics opens GDC

The $243 million Nasdaq-listed Manugistics Group, Inc, a global provider of synchronised supply chain and revenue management solutions, has opened its product development centre in Hyderabad, which will focus on end-to-end product development for the world market.

Addressing a press conference here on Monday to announce the product development centre, Jeffrey L Kissling, chief technology officer and senior vice-president, Manugistics Group, said that unlike other companies, the US parent will transfer ownership of all the products to the Indian product development centre (DC) to enable it to have its own intellectual property and help produce new products for the global markets.