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i-labs siblings bearing fruit

V. Rishi Kumar

HYDERABAD, Jan. 20

ABOUT half a dozen siblings of i-labs Ltd, a software products and technology incubator addressing niche e-business, telecommunications and life sciences space, have begun to blossom and bear fruit.

i-labs Ltd, promoted and founded by Mr C.Srinivas Raju, Director on board Satyam Computer Services Ltd, told Business Line "we have successfully incubated a few companies which have carved out a niche in certain specialised emerging business opportunities. We are now ready to showcase them.''

Xius India Ltd, based out of Hyderabad and incubated by Mr Raju, has carved out a niche in convergent billing and payment processing solutions.

It is focussed on providing pre-paid payment applications and solutions to mobile and fixed telephony, banking, M-commerce and Internet applications market.

Xius has also acquired a digital, convergent payment processing system, Upaid, from U-Paid Systems of France.

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