Bangalore Labs centers in Singapore, Australia

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.

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.

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.