BANGALORE: Bangalore-based Aztec Software, which is into Application Service
Provider (ASP) enablement, is planning to float an Initial Public Offer (IPO)
this year. The company is yet to decide on the capital structure. Newly
appointed Aztec President and CEO, B G Balakrishna said, "We intend to go
public this year, according to the expansion plans of the company. We are in the
process of finalizing the equity structure. We plan to set up another office in
India as well as offices in other countries."
Focusing on hardcore technology, Aztec provides the necessary Net
infrastructure to companies that plan to become ASPs. Balakrishna said, "We
are one of the few companies addressing the ASP market. According to research
agencies, the ASP market is set to grow to a level of around $30 billion by
2003. We want to address this market globally. In India, B2B e-commerce is in a
very early stage. Aztec has already gained expertise in dealing with companies
who work in the B2B space. Aztec has the ‘first mover advantage’ by
embracing technologies like XML and Database Internals. Aztec provides solutions
to early-stage Internet companies and we also work with software product
companies. We provide our software components and IP and also co-develop their
products. As their e-engineering partner, we bring our software component
library and our expertise in XML, Net infrastructure and databases to shorten
the time to market cycles for our customers."
Apart from this, Aztec is opening a Rs 1 crore training center in Bangalore
for its employees. "It is very hard to get skilled employees in our kind of
business. The training center would provide training to our employees on an
ongoing basis. Apart from this, Aztec Software has point to point 2 Mbps link
between its Bangalore office and its Santa Clara office in the US. We are
spending $10,000 every month on this," said Balakrishna.