Hyderabad, India, Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that executives from ICE visited Pune this week to launch the expansion of the company’s Software Engineering, Customer Success and Automation Operations in India.
- Addition of ICE Mortgage Technology significantly grows presence in Pune; also strengthening the team in Hyderabad
- ICE to expand India headcount to 2,500 in 2022; a multi-fold increase since its India entry in 2019
Intercontinental Exchange started its operations in Hyderabad, India in November 2019 with approximately 500 employees and has grown over the past several years to a team of more than 900 people – doubling its office space in the RMZ Skyview building to 175,000 square feet. ICE Mortgage Technology’s (previously Ellie Mae) presence in Pune dates to early 2000 and comprises approximately 1,100 employees and recently added two new floors, creating a spacious campus of 98,000 square feet in Pune with state-of-the-art facilities for employees.
“Over the past three years, we have grown tremendously in India” said Sachi Pati, Head of Intercontinental Exchange India. “The integration of our ICE Mortgage Technology colleagues enables us to scale more effectively and focus our growth to support initiatives across ICE’s business segments. Together, ICE’s Global Capability Centers (GCCs) across India now employ more than 2,000 software engineering, technology, business operations, and data professionals, quadrupling the team we started with in the year 2019. This year, we are aiming to add another 500 technology experts to our team as a part of our India growth trajectory.”
For almost two decades, ICE’s office in Pune has catered to providing Intercontinental Exchange Mortgage Technology customers with critical technical and operational infrastructure. The team has grown meaningfully and has become an epicenter for research and development initiatives that have further advanced the technology of ICE Mortgage Technology’s platform and amplified its capabilities in machine learning and artificial intelligence.
“India remains a critical part of ICE’s global growth strategy,” said Mayur Kapani, Chief Technology Officer at Intercontinental Exchange. “Our investment in attracting and developing talent in the region has borne tremendous fruit. We are pleased with how our team continues to expand and provide our customers with comprehensive data and engineering support that helps drive our company forward.”
“Our investment in India has been strategic and key to our growth over the past two decades,” said Joe Tyrrell, President of Intercontinental Exchange Mortgage Technology. “We’re pleased to be making more connections across the subcontinent with our colleagues in Hyderabad and look forward to finding new ways to leverage our relationships across the country to attract top talent.”
Intercontinental Exchange has invested significantly in India through its hiring, infrastructure and facilities and intends to continue expanding in the country with approximately 500 additional advance skilled professionals across software engineering, operations, and data streams in 2022 alone. The company will focus on leveraging the talent pool in the areas of Artificial Intelligence and Machine Learning (AIML) engineers to augment how its customers use ICE’s technology, improve business processes, and reduce transaction times.
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes.
Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
This article was shared with Prittle Prattle News as a Press Release
