Jopasana seeks funds for US expansion

PUNE: Jopasana Software & Systems Pvt Ltd is seeking funds to increase its market presence in the US.

Jopasana helps organizations with embedded systems, real-time communication and control systems and specialty engineering and business applications in the areas of automotive, semiconductor, telecom, manufacturing automation, energy & environment, life sciences & chemical analysis and healthcare.

Founded in 1990, Jopasana has its development center in Pune. It also has local presence in the US and UK markets through its subsidiaries.

Ajay Phatak, CEO and managing director, Jopasana, said that the company is seeking funds to the tune of $2- 3 million either through loan or private placement. "We are yet to finalize on this issue. We are also in discussion with certain parties in the US. Also, we are in the process of signing up a distributor in the US to tap the life sciences instrumentation market," he said.

According to Phatak, while life sciences instrumentation market is a niche segment, the possibilities were endless since the company could target large pharmaceutical customers. There are plans to offer specialty services around the embedded systems and communication and control market.

These services could apply to the automotive segment or even the semi-conductor market, he explained. Phatak said Jopasana would soon finalize further strategy with the US distributor. He said the company was also considering the possibility of adopting a dual strategy whereby the besides the distributor, they could also reach the end customer directly.

The company recently launched its performance management framework, OutPerform, which enables manufacturers, operators, and users to improve uptime and asset life and provide quicker return on investment. Phatak said the company is targeting the UK offshore wind companies for this product.

“There are a couple of exhibitions lined up in Europe in October and we plan to showcase our products there,” he said. The Indian customers for OutPerform include Thermax and a compressor company. The company has already run a pilot project.

Jopasana also has plans to increase its count to 500 from the current 110 employees, in a couple of years.