Versata transferring lab from Bangalore, India, to Halifax

Brett Adam, Versatas' chief technology officer, said Thursday it is increasingly difficult to retain staff in Bangalore - the nucleus of India's thriving high-tech outsourcing industry. "We're an innovation company, we need sustaining relationships with our technologists," Adam said at a news conference announcing the move.

He said it was challenging to keep Indian workers on staff for more than nine months due to the number of rich job opportunities available to them.

Adam said the "post-bubble" environment of the technology sector in the United States, Australia and Canada is more stable than in some other countries.

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