iOrmyx enters India

By : |October 29, 2000 0

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.

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