Software AG, Germany's second largest enterprise software maker, will hire about 120 more people to its 400 employee strong India team in calendar 2012. The hiring would be across function such as research and development, global consulting and sales. The company is on an expansion spree and is targeting to increase new licence revenues in India by 70 per cent by adding up to 10 new ‘logos' or client engagements. In India, it is targeting corporates in sectors such as financial services, infrastructure & supply chain and technology outsourcing for its services.