PurpleYogi to expand Indian presence

By : |October 31, 2000 0

BANGALORE: PurpleYogi, Inc, an infrastructure software company, has announced
its growth plans for India. The company plans to increase its employee strength
to 200 by next year and expand its India Development Center to cater to its Yogi
Discovery Systems. Located in Bangalore, the 20,000 sq. ft. center  has 23
professionals currently.

The company introduced a downloadable Yogi to illustrate its Yogi Internet
Discovery System in the US last month. The Yogi is a personalized, online
content discovery Web assistant that connects users to the content most relevant
to them. PurpleYogi also received $15.3 million private equity from a group of
investors led by SOFTBANK Venture Capital. This round also included investments
from Intel Capital, Skyblaze Ventures and individual investors.

Speaking about the India center, PurpleYogi founder, chairman and CEO Rakesh
Mathur said, "The India Development Center is a significant investment for
us. It will play a strategic role in helping us meet our ambitious product
roadmap and scale our development processes to deliver robust content management
and active knowledge management solutions for portals, publishers and Fortune
500 enterprises."

"It is satisfying to know that the early members of the India
Development Center played a critical role in developing the world’s first
Internet Discovery System," said PurpleYogi’s India Country Manager D P
Samantarai. "PurpleYogi’s plans are exciting and challenging. The India
center will look at tapping exceptional software skills and talent in India to
develop and create more of the world’s firsts where infrastructure software is
concerned," he added.

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