US-based communications software firm, Aricent, is planning to invest $500 million in the country. The move is aimed at boosting the company’s product development capacity in the country.

Of the $500 million, the company has already invested $180 million to acquire Indian startup Smartplay, which deals with the development of digital, analog, wireless software and system design. The rest of the amount will be spent on training the workforce and for research and development in the country.

At present, Aricent has 10,200 employees in India which include 1,200 employees from Smartplay. The company has offices in Gurgaon, Chennai, Hyderabad and Bengaluru.