Caltiger.com launches Web TV
KOLKATA: Caltiger.com, a private ISP, has introduced Web TV in India. Web TV is
a revolutionary medium for TV channels to target customers on the Internet. Web
TV combines the visual effects of TV with the interactivity of Internet, making
it one of the most interesting and exciting applications on net. The key
features of the Web TV are its screen size, video-audio quality which is of the
highest possible standard and interactivity meaning that surfers would be able
to interact with advertisements and post their views. Windows Media player will
be used to serve the channels to our users. Web TV can be accessed from the
buttons available on the Caltiger adbar that would be hot-linked to a particular
web property of the channel partner The movies would be replicated in all the
servers across the country. The display size for screening of these movies is
240X180 pixels. -CNS
Cognizant to invest Rs 75 cr in Kolkata
KOLKATA: The e-business and applications company Cognizant Technology Solutions
(CTS) will be investing around Rs 75 crore to expand its development center at
Kolkata as one of their major centers in India. "Major portion of the
investment would be in infrastructure creation and building construction.
Considering the positive working environment that the city offers like good
entry-level people, low infrastructure cost and satisfactory power situation we
want to develop the center into one of its prime centers in the country,"
said Cognizant Technologies vice president operations, Siddhartha Mukherjee. CTS
is setting up its own intelligent building in the electronics complex of Kolkata
that would cover an area of 3.5 acres. —CNS
NIIT completes 500th course for NETg
NEW DELHI: NIIT, the $ 270 million IT Solutions and Training company, has
just completed a significant milestone of developing the 500th course for NETg,
a leader in technology based learning programs. NIIT has been creating NETg's
SkillBuilder products for the past 6 years," said senior vice president and
head of NIIT's Knowledge Solutions business, Ashish Basu. "The strength of
this relationship will be leveraged further to provide world class knowledge
products to customers," he added. NIIT, which has been distributing NETg's
technology based training, has as part of portfolio review de-emphasized 'high
revenue-low margin' System Integration & Product Distribution business. —CNS
Adobe ships acrobat software for Palm OS
SAN JOSE: Publishing software maker Adobe Systems Inc. on Tuesday said it had
begun shipping its popular Acrobat Reader document-sharing software for Palm OS
hand-held computers. The release comes as business and leisure users of
so-called personal digital assistants, or PDAs, are demanding content that is
easy to read on the devices' smaller screens. "Corporations are
experiencing rapid growth in the use of PDAs in the enterprise, both for
personal information management and vertical processes, such as sales, service
and marketing," Tim Hickernell, senior program director of the META Group's
Web & Collaboration Strategies Service, said in a statement. San Jose,
California-based Adobe said the software is available free of charge at http://www.adobe.com/products/acrobat/readstep.html.
-Reuters
Islamic firms to set up $50mln tech fund in Bahrain
MANAMA: Two Islamic investment firms said on Tuesday they were setting up a $50
million fund in Bahrain to invest in technology companies. The Islamic
Corporation for the Development of the Private Sector (ICD), a unit of
Jeddah-based Islamic Development Bank, and Bahrain-based Gulf Finance House (GFH)
will each invest $12.5 million in the Injazat Technology Fund, GFH said in a
statement. The remaining $25 million would be offered to investors from Tuesday,
it added. The statement said the fund, which will be set up in Bahrain and
managed from Dubai Internet City in the United Arab Emirates, aims at obtaining
a significant stake in technology firms in the Gulf, Middle East and North
Africa. -Reuters
Compaq funds Surebridge
SAN FRANCISCO: Compaq Computer Corp. joined a $20 million investment in
Surebridge Inc., the application service provider said on Tuesday, adding it now
will use Compaq servers and storage systems for its infrastructure. Lexington,
Massachusetts-based Surebridge, which sells ASP services to mid-market
companies, said Tuesday's funding package included $15 million committed cash
and a $5 million line of credit to expand sales and marketing and to reinforce
operations. Surebridge also said that effectively immediately it would operate
Compaq-brand infrastructure systems for its mid-market customers' enterprise and
hosting services, currently for about 70 clients. Surebridge chief executive
Stephanie Khurana told Reuters that her company's most recent financing, which
brings the total it has raised to $51 million, likely will be its last, and that
the company likely will be profitable within a year. -Reuters