Financial Daily from THE HINDU group of publications
Tuesday, Feb 03, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Info-Tech - Software


SoftPro arm to focus on Linux

Our Bureau

Hyderabad , Feb. 2

SOFTPRO Systems Ltd, a Hyderabad-based software company, has announced the creation of a wholly owned subsidiary called Softpro Technologies that will focus on open source technologies and Linux.

The company also plans to raise funds to part finance its expansion plans, with the first round in the next three months.

The Managing Director of Softpro Systems, Mr Chand Akkineni, and the Chief Executive Officer, Mr Venkat Rao, said that the Linux subsidiary will position itself as an open source technology integrator.

It will seek to bridge the gap between open-source platform vendors and enterprise customers.

The subsidiary started with about 25 people recently and expects to grow to about 100 by the end of this year.

Speaking to newspersons, the company management said that they were looking at raising up to $2 million in phases over the next 2-3 years.

The first phase of funds will be completed in the next three months.

During the last year, the company invested about Rs 1 crore towards research initiatives including funds to create the Linux subsidiary.

The company facility located near the Hitec City is now working on two projects, including developing an integrated network security platform for a European customer.

More Stories on : Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
TRAI says no case for tariff hike


Kale Consultants Q3 net profit up at Rs 1.74 cr
Northgate Q3 net surges
Amkette bullish on computer essentials; sees 40 pc growth
SoftPro arm to focus on Linux
Gartner rates Cognizant high in CRM services
Goldstone Q3 net at Rs 1.2 cr
Digite plans Asian entry
Coca-Cola launching India-specific Web site
SlashSupport to hire more
Nasscom 04 to focus on security concerns
Looking Back
New Microsoft India Chairman



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line