iOrmyx enters India

BANGALORE: iOrmyx, Inc. of the US, an e-business solutions company, has

launched its India operations with a design and development center in Bangalore

to outsource products and devices for wireless enterprise networks worldwide.

The company is investing around $3 million to set up its wholly-owned Indian

subsidiary, which will include an R&D facility for its future technology

projects. According to the company, the Bangalore center would leverage the

parent company’s expertise in m-commerce and integration technologies for

providing Web-based business solutions and e-front office/e-back office

services.

Speaking about the company, president and CEO of India operations, Girish

Babu, said that the company has already developed a framework to support

complete wireless enabling of Web sites. The product, which is undergoing beta

testing now, will be launched in early 2001. "iOrmyx’s XML framework will

be targeted at the B2B and B2C clientele with the ability to communicate cross

platform. In the field of e-business services, the company will have the

advantage of providing multiple products from its major alliance partners,"

said Babu.

The venture capital funded company, with four offices in the US, and one each

in the UK, Germany, Japan, and the UAE, is also planning to raise funds through

an initial public offer (IPO) next year, for turning into a global e-business

solution company. iOrmyx is projecting a turnover of $30 million by the end of

this year

Some of its alliance partners are Art Technology Group, BEA Systems, HP,

Viador, MicroMuse, Great Plains, Active Software, Vantive and Siebel.