BearingPoint, a US-headquartered IT services provider, has established its Global Development Center (GDC) in the South Indian city of Bangalore. The investment for the new center was not disclosed. The center is expected to be transformed into the global development hub for BearingPoint in the future

In addition to Bangalore, BearingPoint also has a facility in Chennai, which it operates in conjunction with one of its partners. The new center will provide services in industry segments such as, banking, insurance, telecom, retail, oil, manufacturing, hi-tech, life sciences, and software product development. The center will also support software development, ERP implementation, application integration and management, and BPO services.

The center will initially employ 100 professionals and is expected to reach 1,000 over the next couple of years.