VSoft to set up development centre.

VSoft Technologies, a technology firm which develops solutions for banking sector, will set up a software development centre in Mangalagiri near Amaravati, the capital of Andhra Pradesh.

'We will create more than 400 jobs at the centre. It will become a backbone of our growth plans. The new centre would help us scale company operations by providing technology solutions and services to our financial institutions in India and abroad,' Murthy Veeraghanta, Chairman and Chief Executive Officer (CEO) of VSoft Technologies, has said.

The 1880-sq ft development centre would tap the talent in the State, he said in a statement.

HBL