Financial Daily
from THE HINDU group of publications

Tuesday, May 08, 2001





Information Technology
Red Hat launches Linux 7.1 version
RED Hat India Pvt Ltd, an open source company, today announced the availability of Red Hat Linux 7.1.

`Software firms must focus on brand building'
DESPITE there being over 1,000 software products in India, the majority of them in the financial sector, there is no major brand visible in the international market.

Infotech bags Rs 35-cr deal
INFOTECH Enterprises Ltd (IEL), the city-based software and services export company that offers end-to-end solutions in the areas of GIS, CAD and e-business, has announced that it has signed a contract worth Rs 35 crore to provide photogrammetry services to the Canada-based Triathlon Ltd.

I2DC Ventures draws up plans for a $15-m fund
IN spite of the general slowdown, last year has been eventful for the Hyderabad-based I2DC Ventures Ltd, which has funded about eight start-ups. It is now looking at raising $15 million towards yet another services-specific fund.

Alopa ties up with RiverDelta Networks
ALOPA Networks, the broadband subscriber service solutions start-up, has entered into a strategic tie-up with RiverDelta Networks.

Bharti mops up $460 m from partners -- Plans IPO at appropriate time to raise $200 m
BHARTI Enterprises has mopped up additional equity investment of $460 million from its global partners including Singapore Telecommunications Ltd. (SingTel) and E M Warburg Pincus & Co, to fund its mega expansion plan in basic, cellular and long-distance telephony.

Polaris offices soon in HK, Japan
POLARIS Software Labs is opening its offices in Hong Kong and Japan soon. Speaking to Business Line, Mr Arun Jain, Chairman and Managing Director, Polaris Software Labs, said:``The process is on in Hong Kong. We should have a presence there in another tw o months. Japan should logically follow next.''

Trivium joins Intel programme
BANGALORE: TriVium India, an eCRM cmpany, has joined Intel's e-Business Solutions Provider Programme. The eBSP programme outlines marketing and technical programme commitments and an overall agreement to work together to deploy end-to-end e-business appl ications and solutions based on Intel architecture and TriVium's eCRM product, Simple RM.

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