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Vishwanath Kulkarni

The company is also planning to pick up stakes in about three to four start-ups in the US by the year-end, he said. By picking up a small equity position in our clients, Lisle Tech ensures a mutually vested interest.

BANGALORE, April 28

THE US-based Lisle Technology Partners is planning to pick up a small stake in two small Indian software companies under its affiliates programme.

``We are in advanced talks with two Indian companies which are in the size of 100-300 people,'' said Mr David Jackopac, Vice-President, Lisle Tech. The acquisition of small stakes, up to five per cent, is mainly from the technology point of view and not from the investor point of view, he said.

The company was also planning to pick up stakes in about three to four start-ups in the US by the year-end, he said.

By picking up a small equity position in its clients, LisleTech ensures a mutually vested interest. With strong connections with US-based VCs, LisleTech has its hand on the pulse of the American tech scene.

"This allows us to tap into high-end product development work from the US and channel that work back to our Indian partners," he said. LisleTech's partnership model benefits all sides of the equation. For LisleTech, a pool of highly specialised partners allows it to extend and strengthen its capabilities while for Indian partners, the company acts as a representative that increases exposure to leading technologies and credibility in the US market, he added.

``Being a small company with a focus on product development and IPs, Lisle is planning to pick up stakes in Indian companies so that it can match up the required skillsets,'' said Mr Raghuram, Director, Finance, Lisle Tech Partners, India.

The company is already having a partner network consisting of some six companies in India. The acquisition of small stakes would further strengthen the company's partner network in India which comprises Compudyne Winfosystems, NetKraft, Majoris and Synergie Infotech, said Mr Raghuram.

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