has already created a global sales and marketing channel for its
future component based solutions through existing strategic customers.
In addition to the sales and marketing offices in US
and Europe, the company has also made some strategic tie-ups and
ventures into product development
Nucleus Software offshore India (http://www.nucsoft.com/),
a company operating on projects in the banking and financial software
solutions and services space, has embarked on product development
space to ride the global IT slowdown. According to V S Girish, director-marketing,
Nucsoft, "There are three categories of software activities services,
projects, and products. We believe that products are the highest
value added function that you can offer the market."
part of this product initiative, the company has developed a product
christened Traece, which claims to cut down the number of network
violations in large corporates. Accoding to Arun Shekhar Aran, director,
Nucsoft, "System administrators have the privilege of monitoring
the entire network, but there is no system to monitor their activities.
Our solution provides for a maker-checker action. Traece allows
a centralised administration to monitor activities on the network
throughout the country. This will be handy product for companies
who have headquarters in one city where the main server is located
and offices throughout the country."
Another product from the Nucsoft stable, called 'Web Management
Tool', helps control standards set in an organisations guidelines
for setting up a Web page. It provides a structured way to load
plans software testing, validation services
a Bangalore-based software services firm, plans to offer software
testing and validation services as part of its diversification.
According to Anant Koppar, CEO, Kshema Technologies, it has recently
set up a team of five engineers, which would be expanded later.
The testing team would be part of the company's engineering services
division, set up recently as part of the organizational restructuring.
company would also offer third party software testing services and
certification division later. Through the division, the company
not only plans to provide end-to-end solutions in engineering design
services, but also intends to offer quality consultancy, said Koppar.
million investment commitment for Brigade Corp
Brigade Corporation (http://www.brigadesolutions.com/),
a global provider of business process outsourcing and customer relationship
management, with delivery facilities in Chennai and Hyderabad, India,
has received a commitment of $50 million investment from General
Atlantic Partners LLC, a US-based private equity firm with exclusive
focus on investing in information technology and communications
offer is the largest ever for an IT-enabled services company operating
in India, claims Anurag Jain, founder and senior vice-president,
global operations of Brigade.
to bet $4 mm on acquisitions
Lifetree Convergence Ltd (http://www.lifetreeindia.com/),
a software solutions provider is in the process of buying out two
Bangalore-based companies in the area of wireless and telecom.
has earmarked about $4 million for these acquisitions, which are
likely to be all cash deals. Following these acquisitions, Lifetree
will add 50 software professionals to its existing team of about
are taking the acquisition route which is more efficient to grow
our expertise in the telecom and wireless space as compared to simple
organic growth," said Atul Chopra, CEO Lifetree Covergence Pvt Ltd,
declining to identify the acquisition targets.
specializes in three domains namely insurance, billing and telecom.
It has two development centers, employing about 45 software engineers
each in Delhi and Bangalore. "Once we are through with our acquisitions,
we will set up a third development center in Bangaloref," Chopra
Mindtree Tech develops Bluetooth-enabled LAN access point
Mindtree Technologies (http://www.mindtree.com/)
has developed a Bluetooth-enabled LAN access point (LAP), as part
of its thrust on demonstrating the company's product realisation
capabilities. Going forward Mindtree is looking at developing solutions
for mobility management as well.
Mindtree has two key areas under IT-e-services and engineering (technology)
services (under which the regular and services around IP function),
with engineering services accounting for one-third of total Mindtree
MphasiS on cross-biz operational synergies
India-based, IT solutions and services player MphasiS Ltd (http://www.mphasis.com/)
is an example of a relatively smaller Indian IT services company
betting heavily on its BPO and IT-enabled services arm MphasiS BPO.
Not only has it recruited 120 people between January 1 and January
24, 2002, with an aim to notch up 200 per cent topline growth next
fiscal, but has also unexpectedly opened up cross-sell and up-sell
opportunities between the two businesses the company operates in.
US-based MphasiS BPO customer has committed to
an IT solutions project with MphasiS, while another MphasiS banking
services customer has appointed MphasiS BPO as the BPO arm for servicing
all its e-mail communication.