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ValueLab to set up new facility

HYDERABAD: ValueLabs, a software services company with an offshore development centre in Hyderabad, is all set to take off on a high growth trajectory, from 300 engineers now to 600 by 2004 end. Besides, it is setting up a new facility over 1.50 sq ft area near HITEC City phase II, with an investment of $7 million. It will be ready in 12 months, and the company's headcount will also grow to 1,000 people by 2005 end, said Arjun Rao, Founder and Chief Executive Officer, addressing a press conference here on Tuesday.

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