VMware announced that it plans to invest $100 million in India by 2010. Part of that money is going to be used to expand the company's presence in India with a new, state of the art 82,000 square foot development center in Bangalore. The new Bangalore development center expands on existing R&D operations in Bangalore and Pune. The center supports new and ongoing research and development across the company's enti VMware announced that it plans to invest $100 million in India by 2010. Part of that money is going to be used to expand the company’s presence in India with a new, state of the art 82,000 square foot development center in Bangalore. The new Bangalore development center expands on existing R&D operations in Bangalore and Pune. The center supports new and ongoing research and development across the company’s entire portfolio of solutions for datacenter and desktop virtualization. They also plan to double the company’s India-based engineering organization to more than 1,000 people over the next two years. “Great products are built by great people. India has both an excellent technical education infrastructure and outstanding people. We highly value our Indian citizen employees,” said Greene. “India is also one of our fastest growing markets and where we have increasingly important system integrator partners. For these reasons, we are now substantively increasing our investment in India.” Greene said in a press briefing that VMware is expecting 50% revenue growth this year – even with increased competition. And if companies are pinched by a recession, virtualization becomes even more attractive to those companies who are trying to do more with less.The company’s stock has also been on a rise again, recently closing above the $50 mark. Part of that reason, according to the Associated Press, is the claims from Citi Investment Research analyst Brent Thill who said concerns of competition were overdone and 2008 could be the year that VMware beats expectations. Software Development