Financial Daily from THE HINDU group of publications
Monday, Dec 06, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 06, 2004 |
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Info-Tech
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Telecommunications Ind Telesoft scouts for $6 m to fund expansion plans Preeti Pandey
Bangalore , Dec. 5 HAVING successfully developed and commercialised the world's first 3G wireless soft-switch, Ind Telesoft Private Ltd is now scouting for funds to further its product development trajectory. With products like multimedia caller line identification, and push-to-show and push-to-talk applications in the pipeline, the company needs $5-6 million investments to fund its expansion strategy. Even though the Bangalore-based product firm is already working with leading telecom hardware firms, commercialisation of these applications will take a while, according to Mr Vinod Chandran, COO. "We have invested $2 million in our R&D efforts, but to successfully translate these into commercial production, funds are required. We will divest some stake in the company to the (fund) source," he told Business Line. "The funds would help us to set up offices in the US and explore the European and Japanese markets and also launch these products commercially. Currently, the products are on undergoing field trials." The Mobile IMS Client framework based on Session Initiation Protocol (SIP) developed by Ind Telesoft has started to generate licensing revenues for the company. IMS Client is a portable client application compatible with 3G standards supporting applications like gaming, instant messaging, push-to-talk and active phone book. The company expects to garner revenues of $2.5 million this year and post double the revenues in the coming year following the commercial launch of its products. Banking on the exponential growth of the smartphone segment as predicted by industry analysts, Ind Telesoft has some interesting R&D work brewing at its research centre. Applications include a multimedia caller ID that allows a sender's image to be transferred along with the phone number and a push-to-show solution, wherein data, voice and images can be transferred from the sender to receiver and back on real-time basis. The solution would be 3G network-compliant and requires a 3G handset. An IDC study on smartphones reveals that the market has recorded year-on-year growth of 85.8 per cent and sales of 3G mobile phones is expected to surpass 100 million units in 2007.
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