Wesley Clover aims to create IP from India

NEW DELHI, INDIA: Canada-based Wesley Clover Corp., a company engaged in investments and technology, is aiming to create intellectual property (IP) from India.

Talking to CyberMedia News here, Sir Terrence H. Mathews, chairman of Wesley Clover also announced the launch of its India operations in Gurgaon, with its wholly-owned subsidiary under the name Wesley Clover Solutions Pvt. India Ltd.

“Wesley Clover is entering India to develop new and existing business opportunities in the Indian high-technology market. Anil Khosla has been appointed as managing director and CEO for the Indian operations,” he said.

Mathews added that the Indian operations will work closely with other business affiliates and partners to introduce state-of-the-art Internet Protocol (IP) technologies, such as advanced-IP communication solutions from Mitel, one of the 20-companies held by Wesley Clover.

He said: "Number of companies under the corporation as well as some of our major partners has been outsourcing software development to Indian companies. We thought it best to have our operations here and will be creating an eco-system of software companies revolving around our core business. We will be investing in outsourcing companies and transform them into product companies, for which the intellectual properties (IP) will be in India. Wesley Clover will take these products to its customers both within and outside the Indian subcontinent."

Wesley Clover will focus on opportunities in specific vertical markets such as hospitality, transportation, healthcare, utilities and retail to emulate the success that other associated companies have established in other parts of the world.

"We will be investing heavily in hiring people for our Indian operations in Gurgaon and in the development center in Pune. We are also scouting for companies in our core business are for acquisitions. Wesley Clover will be investing in start-ups and early stages and also take them into the first, second and third round of funding both as an angel investor and venture capitalist," he said.

Indications are that Wesley Clover will acquire a product development company in Pune, which had been an outsourcing partner, for which the company has already in the final stages of signing an agreement to this effect.

"The time in India is right for us. Engineers who have been working for outsourcing companies now want to develop solutions and applications on their own. We want to take advantage of the engineering talent available here and will help them to do what they want to do. We believe that the future lies in developing and selling products out of India," Mathews added.