Financial Daily from THE HINDU group of publications
Tuesday, Jan 22, 2002
AMI opens development centre in Chennai
CHENNAI, Jan. 21
AMERICAN Megatrends India Pvt Ltd, a subsidiary of the $220 million US-based American Megatrends Inc, has inaugurated its development centre in the outskirts of Chennai.
The centre, set up at a cost of Rs 10 crore, would develop products for the parent firm, and also for other clients in areas such as embedded solutions, diagnostic tools for various applications including hardware and software testing tools and storage management software, Mr S. Shankar, President, AMI, told Business Line.
The new centre will start with around 80 employees, and would be scaled up to the full capacity of 200 in a few months, he added.
AMI India, founded in 1994 as an offshore software development wing of AMI, had done projects for the parent firm in areas such as BIOS (basic input/output system), diagnostic software and Internet technologies, he said.
According to Mr Shankar, AMI is an engineering company with emphasis on research and development, and has engineering facilities in the US, Taiwan and China.
The company provides OEMs, resellers and systems integrators with "leading edge computer technologies".
In December, the company closed a deal to sell its RAID (redundant array of independent disks) division to LSI Logic for $240 million.
As a result of this transaction, LSI Logic would gain the expertise of AMI's more than 200 RAID employees, including 120 hardware and software engineers based in the US, and other sales service locations, he said.
Mr Shankar said that other than the Chennai development centre, the US firm has development centres at Norcross and Fremont, both in the US, and Taipei (Taiwan).
The company recently inaugurated its Chinese facility in Shanghai, he said.
According to Mr Shankar, post-September 11, in US there was an increased demand from clients for storage network and solutions; the company would increase its focus on these.
The company expected revenues of around Rs 10 crore from India in 2002, up from around Rs 7.6 crore last year, Mr Shankar added.
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