CG Vak Software to specialize in e-commerce area

BANGALORE: Coimbatore-based CG Vak Software Ltd. plans to tap the e-commerce

business by emerging as a specialist in the area. It has formed a 50-member

cyber team working on Sun Java and Microsoft platforms for developing

applications on the Internet.

CG Vak managing director G. Suresh and director K. Manickam said that the

company had already developed a web-based supply chain management solution that

could be integrated to the existing back-office applications. To grab its share

on the web they are hosting multiple web sites to effectively address

commercials and sales on the Internet. The first such portal is a food and

beverage one targeted at Indians living abroad. The next one to be released is

on tourism and travel and two more are expected to be out before March next

year.

The company has evolved a multi-tier security system for establishing secured

commercial transaction over the Web. They said that the fully owned overseas

subsidiary, CG Vak USA, had forged strategic alliances with American firms

Starcom and TIS International for marketing its e-commerce services. They are

opening a new office in California next month to focus exclusively on e-commerce

applications. This business is expected to account for 50 per cent of US

revenues next year and 75 per cent in the next two years. While the US

operations are expected to fetch Rs 12 crore revenue by 2001, the Indian firm is

expecting to post a turnover of Rs 6 crore this year from Rs 4.09 crore last

year.