Goldstone to expand operations in Europe, Asia

HYDERABAD: With a keen eye on the emerging global markets, Goldstone

Technologies - a Hyderabad-based software development firm - has formed joint

ventures in Europe as well as Tokyo in Asia. "We are looking to expand our

operations to Europe because of its huge market," said Goldstone

Technologies chief executive officer P K Balakrishnan.

While the Tokyo venture is going to focus on three main areas - business

intelligence & data mining, application enterprise development and

developing B2B solutions for e-commerce - the venture in Europe will focus on

developing legacy systems for its global clients.

Both the joint ventures are expected to be in place within six months.

"Korea is a big market and we hope to tie up with a major firm to further

expand our project there," he explained. He, however, declined to name the

firm stating that they were still in the process of negotiations with the firm’s

representatives.

Goldstone has also signed an agreement with the Allahabad Bank for branch

automation using Bankmate, a software developed for the banking sector.

"During the first phase of the operations, we are going to automate 30

branches, the rest will be done in a phased manner," said Balakrishnan.

Goldstone Technologies is a software services and product development firm

that specializes in technologies like distributed computing, enterprise

application integration, business intelligence, e-commerce and Web-based

applications.

The company provides end-to-end solutions and develops custom-specific

solutions at its offsite development centers in the US and at its offshore

development center in India. Goldstone, which is listed on the NSE and the BSE,

provides services in the areas of technology solutions, offshore development and

onsite consulting to its clients.