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Bangalore Labs centers in Singapore, Australia

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CIOL Bureau
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BANGALORE: Bangalore Labs plans to set up offices in Singapore and Australia

as part of its ongoing effort to address the Asia Pacific market. Chennai office

was set up recently to its existing Indian offices at Mumbai and New Delhi. The

company currently employs 75 people and plans to increase its strength by 20

more, most of whom will be deployed in marketing exercises for the Asia-Pacific

market.

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Following the withdrawal of ICICI Ventures from India's only managed

services, Bangalore Labs, has found a new investor, Planet One Pte of Singapore.

The latter has invested close to $10 million in Bangalore Labs, buying away

ICICI Venture stake and also investing in formation of its Asian subsidiary,

Bangalore Labs Asia Pte Ltd. in Singapore.

The CEO of the company, T G Ramesh said, "Before the global recession,

our company focussed on the North American market." Once the market was

hit, the tables turned and the Asia Pacific market was discovered to be

potential market for the company he said. "To enter the market, we needed a

partner with a wide reach in the market and Planet One was looking for a partner

in managed services and offering security solutions. The partnership was

perfect," he added

While Bangalore Labs Asia will give access to the to the existing 2,000 odd

clients of Planet One across 10 countries in the APAC region, it will also

continue its marketing efforts to pitch for new clients as well.

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Speaking on the growth of the company, Umesh Malhotra, CEO, Bangalore Labs

Pvt. Ltd. said, "We have grown substantially over the past two quarters and

have added close to 30 new customers and hope to close this fiscal with a

turnover of around $ 3 million from Indian operations." However the company

failed to give out revenues expected from the Asia Pacific market, where it made

an entry recently, in association with Planet One. 20 per cent of the company's

revenue came from managed services and they plan to focus on increasing this

number significantly.

Apart from the managed services and security solutions, Bangalore Labs Asia,

plans to offers managed desktop services, managed voice services, disaster

recovery solutions and contact center solutions.

Planet One, the technology holding company, also owns 3D Networks, FCS

Computers Systems, CRM software and Planet PSG. Thus the company claims to give

a complete gamut of solutions for the Asia-Pacific market. The total group

strength is about 800 employees.

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