IT Park/IT SEZ Project Hyderabad - Page 4

Prodigist · July 21st, 2010, 09:48 PM

Quote:

Four information technology (IT) companies have been accorded permission to set up offices in different IT special economic zones (SEZ) in the state. The permission was given at the Unit Approval Committee meeting of the AP IT SEZs development commissioner held on Monday.

According to Information Technology and Communications Department secretary K Ratna Prabha, Object Technology Solutions, NHR Sourcing and SMOP Infotech Private Limited have been accorded permission to open their offices at Phoenix Infocity, DLF Assets and Indu Technology SEZs in Hyderabad respectively. The three companies together sought 40,000 sft of office space and proposed to provide employment to 1,798 persons.

Guess Phoenix Infocity is L&T's Hitec City-II
Indu's SEZ is in Shamshabad,right?

rizwan3 · July 25th, 2010, 09:48 AM

http://www.berggruenholdings.com/por...p?subPageId=61
Commercial Development near Hitech City, Hyderabad

Berggruen Holdings is developing a high-end commercial office complex approximately 3.5 km from Hitech City, Hyderabad, Andhra Pradesh. The land size is approximately 2.6 acres and has an approved sellable area of 611,582 sq ft.

rizwan3 · July 30th, 2010, 12:45 PM

HCL Tech to transform BPO segment

The company is looking at end-to-end projects in the power and insurance sectors

CHENNAI: With business process outsourcing (BPO) segment witnessing de-growth for the past two years, HCL Technologies has decided to transform it into business plus service platform and call it Business Services.

Under this, the company would offer integrated platform along with people as a business package and charge the clients on a per transaction basis. As a step towards this, HCL Technologies, had acquired a leading U.K.-based BPO provider Liberata Financial Services (LFS) to provide comprehensive end-to-end administration and customer services for the life insurance and pension industry. The company's insurance practice would be strengthened by LFS' core capability to manage complex transactions. It had decided to invest $30 million in eight quarters in transforming the BPO business.

Mr. Nayar said the company was also planning to set up capability centres in Chennai, Bangalore, Noida and Hyderabad. These centres would act as a special force to create a global capability to compete with the skill sets in the U.S. and the U.K in the SAP and Oracle platforms. It proposed to recruit 1,000 engineering graduates with skill sets in SAP and Oracle platforms. They would be trained by capabilities consultants of HCL, Axon of the U.K.

The company had net headcount additions of 10,341 and the total stood at 64,557.

rockystone · August 2nd, 2010, 11:05 AM

Avantel bags Rs 112 mn order

Hyderabad-based Avantel announced that it has received an order worth Rs 111.6 million from Antrix Corporation, department of space, Government of India (GoI) for supply, commissioning and installation of satellite communication terminals.

Avantel is engaged in manufacturing of telecom products and providing software development servicesThe company has market capitalization of Rs 350.87 million as on Jul. 30, 2010.

Shares of the company gained Rs 0.45, or 0.6%, to trade at Rs 75. The total volume of shares traded was 1,500 at the BSE (11.11 a.m., Monday).

rockystone · August 2nd, 2010, 11:06 AM

Tanla Solutions To Deploy Video Mail Service In 3G Spectrum With MTNL

(RTTNews) - Telecommunications software and services provider Tanla Solutions Ltd. announced the deployment of video mail service in the 3G spectrum with the state-owned Mahanagar Telephone Nigam Ltd., or MTNL.

MTNL is the first Indian mobile operator to launch 3G services in India.

Video mail service ensures that the users do not miss any calls even when they are unavailabe. Using Video Mail, the user can leave a message through videos, which is an enhancement to the existing Voice mail services where the users leaves only a voice message.

The Hyderabad-based company looks forward to add new services in the 3G value added services space that would provide Tanla traction in this segment, likely to expand very soon in India. It already successfully deployed and is providing 3G services on networks outside India, such as in the United Kingdom and Sri Lanka.

ygvjs2000 · August 5th, 2010, 01:27 AM

Source: http://economictimes.indiatimes.com/...ow/6258416.cms

Roadmap for IT investment regions in three states soon.

HYDERABAD: The Ministry of Communication and Information Technology will soon come out with the final modalities for IT Investment Regions (ITIR) proposed to be set up in Andhra Pradesh, Orissa and Karnataka, a top official said on Wednesday.

"The Planning Commission has in principle agreed for setting up projects in three states. As per the process we are in consultations with various departments. We are working out modalities. We will be able to come out with the finality in 3-4 months," IT Secretary R Chandrasekhar told reporters on the sidelines of eIndia-2010, a three day conclave of IT and IT related activities.

ITIRs are larger than IT SEZs and are specifically notified investment region with minimum area of 40 sq km planned for IT and ITeS and EHM units. The minimum processing area would be 40 per cent of the total area of the ITIR and the remaining will be for other infrastructure like roads, buildings and other utilities.

The Andhra Pradesh government has identified three locations, including one at the international airport covering about 150 sq kilometers in Hyderabad for the ITIR.

"A special purpose vehicle will be floated to execute the ITIR project," a senior state IT department official said.

Speaking on the National e-Governance Program, Chandrasekhar said the government is going to spend Rs 40,000 crore in three to four years on different projects of the NeGP.

This includes initial two to three years of the operational phase. The implementation of the project and the process of making services available is expected to complete by 2014," he said.

ranga · August 5th, 2010, 07:55 AM

Quote:

Originally Posted by ygvjs2000

Source: http://economictimes.indiatimes.com/...ow/6258416.cms

Roadmap for IT investment regions in three states soon.

HYDERABAD: The Ministry of Communication and Information Technology will soon come out with the final modalities for IT Investment Regions (ITIR) proposed to be set up in Andhra Pradesh, Orissa and Karnataka, a top official said on Wednesday.

"The Planning Commission has in principle agreed for setting up projects in three states. As per the process we are in consultations with various departments. We are working out modalities. We will be able to come out with the finality in 3-4 months," IT Secretary R Chandrasekhar told reporters on the sidelines of eIndia-2010, a three day conclave of IT and IT related activities.

ITIRs are larger than IT SEZs and are specifically notified investment region with minimum area of 40 sq km planned for IT and ITeS and EHM units. The minimum processing area would be 40 per cent of the total area of the ITIR and the remaining will be for other infrastructure like roads, buildings and other utilities.

The Andhra Pradesh government has identified three locations, including one at the international airport covering about 150 sq kilometers in Hyderabad for the ITIR.

"A special purpose vehicle will be floated to execute the ITIR project," a senior state IT department official said.

Speaking on the National e-Governance Program, Chandrasekhar said the government is going to spend Rs 40,000 crore in three to four years on different projects of the NeGP.

This includes initial two to three years of the operational phase. The implementation of the project and the process of making services available is expected to complete by 2014," he said.

In Hyderabad many IT parks constructed are still empty. Under these circumstances how will larger space of ITIR will be able to be a viable proposition.

hyd · August 5th, 2010, 08:03 AM

150 sq kilometers
WoW! Looks like congressman still has lots of land left to sell

Imagine complete ORR with one KM depth filled with IT companies hmmmm
Let them fill up HITEC city first before making grandiose plans.
These politicians lack innovation even in stealing. A street thug shows more novelty trying to mug you

Quote:

Originally Posted by ranga

In Hyderabad many IT parks constructed are still empty. Under these circumstances how will larger space of ITIR will be able to be a viable proposition.

sairamprasad999 · August 7th, 2010, 09:39 AM

The following are details of expansion plans of few IT/ITES companies in Hyderabad:
1) CA Inc., has recently completed construction of a new Software Development Block(SDB) of about 2 lakh square feet and a multi level car park in it’s existing India R&D center in Gachibowli to accommodate about 1500-2000 engineers.Aparna Infra has completed the construction of the project.
2) Capgemini has a new 2 lakh square feet SDB nearing completion in it’s IT Park in Nanakramguda suitable to accommodate about 2000 employees.
3) Infotech Enterprises has completed super structure work for a new SDB in its existing IT Park in Nanakramguda.
4) Virtusa has completed constructing a new building in APIIC Nanakramguda SEZ for itself whose size is 6 lakh ,as stated by EDIFICE Consultants, the architect of the project.
5) Honeywell recently added two floors to its partially constructed building to complete the building, whose size is 1.25 lakh square feet and also started second phase of development in it’s IT Park in Nanakramguda.Cushman & Wakefeild,DSP Design,M+W Zander are respectively Project manager, Architect and Contractor.
6) Wipro has recently completed a 12 storey tower-Tower 18 in Wipro Manikonda SEZ whose size is 6 lakh square feet. It also completed a 7 storey multi level car park in the same campus.JMC Projects recently completed finishing works to these buildings designed by Mindspace Architects.
7) TCS has recently commenced construction of two new SDBs of 7 lakh square feet area in TCS-CMC Synergy Park SEZ in Gachibowli.Project construction is active with Shopoorji Pallonji as contractor.
8) Infosys has recently completed super structure work for a 3 lakh square feet SDB and 3 lakh square feet service block in Pocharam SEZ.Contractor for this project is Shobha Developers.

The following are some details of various office space leasing transactions as reported by real estate service providers like CBRE India, Cushman & Wakefield, DTZ in their quarterly India office market reports for the past four quarters.

1) Transactions reported in Q3 2009:
A) Amazon leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
B) Verizon leased 2,00,000 square feet in Mindspace,HITEC CITY.
C) Broadcomm leased 60,000 square feet in Mindspace,HITEC CITY.
D) CGI leased 60,000 square feet in RMZ Futzura,HITEC CITY.
E) Perot Systems leased 55,000 square feet in Jayabheri Silicon Towers,Kondapur.
F) Bayer leased 36,000 square feet in Ohri’s Atom, HITEC CITY.
G) Cubic Transportation Systems leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
H) MAQ Software leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
I) Tanla mobile leased 25,000 square feet in DLF Cybercity SEZ,Gachibowli.
J) Verity leased 25,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.
K) Sristek leased 20,000 square feet in DLF Cybercity SEZ,Gachibowli.

2) Transactions reported in Q4 2009:
A) CapitalIQ leased 2,65,000 square feet in SDE Prameela,Kondapur.
B) Cognizant leased 1,11,000 square feet with 2,22,000 expansion option in DLF Cybercity SEZ,Gachibowli.
C) Qualcomm leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
D) Wells Fargo had pre-commitment of 1,30,000 square feet in Divyasree Orion SEZ,Raidurga.
E) First Indian Corporation leased 1,00,000 square feet in The V,HITEC CITY.
F) AT&T leased 60,000 square feet in Building 9,Mindspace,HITEC CITY.
G) Factset leased 50,000 square feet in DLF Cybercity SEZ,Gachibowli.
H) Vignette leased 40,000 square feet in Building 14,Minspace SEZ,HITEC CITY.
I) ICT leased 20,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.

3) Transactions reported in Q1 2010:
A) TCS leased 2,50,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
B) HSBC leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
C) Accenture leased 2,00,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
D) Synopsis leased 1,20,000 square feet in Block B,Divyasree Omega,Kondapur.
E) ADP leased 1,10,000 square feet in Block C,Laxmi Cyber City,Kondapur.
F) Inventurus leased 52,000 square feet in Building 8,Mindspace SEZ,Pocharam.
G) Infor leased 73,320 square feet in Q-City,Nanakramguda.
H) Global Data leased 21,000 square feet in NSL Serene Estate,Kukatpally.
I) Innominds leased 20,000 square feet in Q-city,Nanakramguda.
K) Model N leased 30,000 square feet in DLF Cybercity SEZ,Gachibowli.
L) PAREXEL leased 60,000 square feet in DLF Cybercity SEZ,Gachibowli.

4)Transactions reported in Q2 2010:
A)JP Morgan leased 3,50,000 square feet with additional 2,00,000 square feet expansion option in Building 11,Mindspace,HITEC CITY.
B)Oracle leased 1,80,000 square feet in Block C,Ananth Infopark,HITEC CITY.
C)TCS leased 70,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
D)Persistent Systems leased 45,000 square feet in Mindspace,HITEC CITY.
E)Tata Nova leased 40,000 square feet in Building 9,Mindspace,HITEC CITY.
F)Cisco leased 33,000 square feet in The V,HITEC CITY.
G)Teradata leased 33,000 square feet in The V,HITEC CITY.
H)Facebook leased 20,000 square feet with option of 30,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.
I)Valuemomentum Services leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
J)CGI leased 90,000 square feet in DLF Cybercity SEZ,Gachibowli.
K)Dupont leased 70,000 square feet in DLF Cybercity SEZ,Gachibowli.

ygvjs2000 · August 7th, 2010, 08:23 PM

Wow.. Amazing happening in Hyderabad.

Quote:

Originally Posted by sairamprasad999

The following are details of expansion plans of few IT/ITES companies in Hyderabad:
1) CA Inc., has recently completed construction of a new Software Development Block(SDB) of about 2 lakh square feet and a multi level car park in it’s existing India R&D center in Gachibowli to accommodate about 1500-2000 engineers.Aparna Infra has completed the construction of the project.
2) Capgemini has a new 2 lakh square feet SDB nearing completion in it’s IT Park in Nanakramguda suitable to accommodate about 2000 employees.
3) Infotech Enterprises has completed super structure work for a new SDB in its existing IT Park in Nanakramguda.
4) Virtusa has completed constructing a new building in APIIC Nanakramguda SEZ for itself whose size is 6 lakh ,as stated by EDIFICE Consultants, the architect of the project.
5) Honeywell recently added two floors to its partially constructed building to complete the building, whose size is 1.25 lakh square feet and also started second phase of development in it’s IT Park in Nanakramguda.Cushman & Wakefeild,DSP Design,M+W Zander are respectively Project manager, Architect and Contractor.
6) Wipro has recently completed a 12 storey tower-Tower 18 in Wipro Manikonda SEZ whose size is 6 lakh square feet. It also completed a 7 storey multi level car park in the same campus.JMC Projects recently completed finishing works to these buildings designed by Mindspace Architects.
7) TCS has recently commenced construction of two new SDBs of 7 lakh square feet area in TCS-CMC Synergy Park SEZ in Gachibowli.Project construction is active with Shopoorji Pallonji as contractor.
8) Infosys has recently completed super structure work for a 3 lakh square feet SDB and 3 lakh square feet service block in Pocharam SEZ.Contractor for this project is Shobha Developers.

The following are some details of various office space leasing transactions as reported by real estate service providers like CBRE India, Cushman & Wakefield, DTZ in their quarterly India office market reports for the past four quarters.

1) Transactions reported in Q3 2009:
A) Amazon leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
B) Verizon leased 2,00,000 square feet in Mindspace,HITEC CITY.
C) Broadcomm leased 60,000 square feet in Mindspace,HITEC CITY.
D) CGI leased 60,000 square feet in RMZ Futzura,HITEC CITY.
E) Perot Systems leased 55,000 square feet in Jayabheri Silicon Towers,Kondapur.
F) Bayer leased 36,000 square feet in Ohri’s Atom, HITEC CITY.
G) Cubic Transportation Systems leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
H) MAQ Software leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
I) Tanla mobile leased 25,000 square feet in DLF Cybercity SEZ,Gachibowli.
J) Verity leased 25,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.
K) Sristek leased 20,000 square feet in DLF Cybercity SEZ,Gachibowli.

2) Transactions reported in Q4 2009:
A) CapitalIQ leased 2,65,000 square feet in SDE Prameela,Kondapur.
B) Cognizant leased 1,11,000 square feet with 2,22,000 expansion option in DLF Cybercity SEZ,Gachibowli.
C) Qualcomm leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
D) Wells Fargo had pre-commitment of 1,30,000 square feet in Divyasree Orion SEZ,Raidurga.
E) First Indian Corporation leased 1,00,000 square feet in The V,HITEC CITY.
F) AT&T leased 60,000 square feet in Building 9,Mindspace,HITEC CITY.
G) Factset leased 50,000 square feet in DLF Cybercity SEZ,Gachibowli.
H) Vignette leased 40,000 square feet in Building 14,Minspace SEZ,HITEC CITY.
I) ICT leased 20,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.

3) Transactions reported in Q1 2010:
A) TCS leased 2,50,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
B) HSBC leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY.
C) Accenture leased 2,00,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
D) Synopsis leased 1,20,000 square feet in Block B,Divyasree Omega,Kondapur.
E) ADP leased 1,10,000 square feet in Block C,Laxmi Cyber City,Kondapur.
F) Inventurus leased 52,000 square feet in Building 8,Mindspace SEZ,Pocharam.
G) Infor leased 73,320 square feet in Q-City,Nanakramguda.
H) Global Data leased 21,000 square feet in NSL Serene Estate,Kukatpally.
I) Innominds leased 20,000 square feet in Q-city,Nanakramguda.
K) Model N leased 30,000 square feet in DLF Cybercity SEZ,Gachibowli.
L) PAREXEL leased 60,000 square feet in DLF Cybercity SEZ,Gachibowli.

4)Transactions reported in Q2 2010:
A)JP Morgan leased 3,50,000 square feet with additional 2,00,000 square feet expansion option in Building 11,Mindspace,HITEC CITY.
B)Oracle leased 1,80,000 square feet in Block C,Ananth Infopark,HITEC CITY.
C)TCS leased 70,000 square feet in Bar building,Waverock SEZ,Nanakramguda.
D)Persistent Systems leased 45,000 square feet in Mindspace,HITEC CITY.
E)Tata Nova leased 40,000 square feet in Building 9,Mindspace,HITEC CITY.
F)Cisco leased 33,000 square feet in The V,HITEC CITY.
G)Teradata leased 33,000 square feet in The V,HITEC CITY.
H)Facebook leased 20,000 square feet with option of 30,000 square feet in Building 14,Mindspace SEZ,HITEC CITY.
I)Valuemomentum Services leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY.
J)CGI leased 90,000 square feet in DLF Cybercity SEZ,Gachibowli.
K)Dupont leased 70,000 square feet in DLF Cybercity SEZ,Gachibowli.

rizwan3 · August 8th, 2010, 04:55 PM

DQE aims at Rs 24 crore from Keymon Ache

DQ Entertainment (International) Limited, a Hyderabad-based animation, game art and entertainment company, is targeting to garner $5 million (approximately Rs 23.5 crore) revenues from ‘Keymon Ache’, its first local animation production for kids channel Nickelodeon (Nick), a part of Viacom 18 Media.

The company on Thursday signed a co-finance and production agreement with Nick India to produce the series comprising 26 high-definition half-hour episodes, to start with. Under the deal, Nick India will have the rights to the property in the south Asian region, including India, while DQE will hold exclusive rights for the rest of the world.

"Nick India has provided the content for the series and DQE will be executing the project, including English voice and music composition in Europe, to address the global audience. The series will go beyond television to new streams like home video, part-licensing, merchandising and onto mobile and Internet platforms for further monetisation once the series is televised, which is expected from the middle of 2011," Tapaas Chakravarti, chairman and chief executive of DQE, told Business Standard.

‘Keymon Ache’ is based on the everyday life of an ordinary nine-year-old boy and his set of magical toy friends.

rizwan3 · August 8th, 2010, 05:00 PM

ICSA eyes Rs 1000-cr Scada orders
K Rajani Kanth / Chennai/ Hyderabad August 7, 2010, 0:03 IST

ICSA (India) Limited, a Hyderabad-based provider of embedded software solutions and infrastructure deployment services for the power sector, is expecting to have an orderbook of Rs 1,000 crore from the supervisory control and data acquisition (Scada) bids in the next financial year.

ICSA, along with its Chinese partner Dongfang, has been empanelled as one of the 14 Scada implementation agencies by the Power Finance Corporation (PFC), which has earmarked approximately Rs 2,500 crore for the purpose, to be exhausted before 2012. Depending on the size of the state, PFC allocates anywhere between Rs 200 crore and Rs 350 crore per state.

“Bids from Gujarat and Rajasthan governments are expected to be floated in a month's time, while 10 more states will call for tenders in the second half of the current fiscal. We are targeting about 10 states and are hopeful to get six states. Besides, there are standalone Scada orders available by state electricity boards and private companies, which we will bid for,” G Bala Reddy, chairman and managing director of ICSA, told Business Standard.

The company recently commissioned its smart energy meter (SEM) manufacturing plant on the outskirts of Hyderabad with a capacity of 1.8 million units per year.

Reddy said the installed base of meters in India was currently pegged at 142 million and the industry expected an addition of 100 million, both replacement of existing meters and new ones, in the next five years. “This (SEM) is the new area which will add up to out technology business,” he said.

The company was below the distribution value-chain till last year. From this year, it would focus on above 132kv units.

rizwan3 · August 8th, 2010, 06:13 PM

Kaspersky Lab launches ‘Anti-Virus 2011’

MUMBAI: Kaspersky Lab, a leading developer of secure content management solutions, today announced the launch of the latest versions of its flagship consumer products Kaspersky internet security 2011 and Kaspersky Anti-Virus 2011.

“The new products take full advantage of the most innovative cutting edge technologies to provide more accurate detection and an even faster response to any IT threats,” Kaspersky Lab’s South Asia Managing Director Mr Suk Ling Gun said here.

Kaspersky Lab India (KLI) started full fledged operations from June 1, 2010, with marketing, sales and technology teams based out of Hyderabad.

The newly implemented system watcher technology monitors all system events in full — creation and modification of files, system calls and changes to the system registry, Mr Suk said.

rizwan3 · August 10th, 2010, 03:52 PM

http://economictimes.indiatimes.com/...ow/6288076.cms
Infotech Enterprises acquires US firm Wellsco

HYDERABAD: Infotech Enterprises announced it has acquired US-based network engineering and management firm Wellsco Inc in an all-cash deal to raise its business from the telecom sector.

The company in a statement said its wholly owned subsidiary Infotech Enterprises America Inc(IEAI) acquired Wellsco.

"We are confident that we will leverage this acquisition to create strong momentum and further enhance our leadership position in the network engineering services market space," said B.V.R. Mohan Reddy, Chairman and Managing Director of Infotech Enterprises.

Headquartered in Paragould, Arkansas, Wellsco has some of the largest Telecom companies in the US as its long-term customers.

rizwan3 · August 11th, 2010, 12:52 PM

Nod for Zensar, Accenture SEZ units

Hyderabad, Aug 10

Proposals of Zensar Technologies and Accenture Services to set up their units at Special Economic Zones (SEZs) have been approved by the Unit Approval Committee of the Development Commissioner of Andhra Pradesh IT SEZs.

The committee, which met here on Monday, approved Zensar's plan to establish a facility with 300 employees at DLF Cyber City SEZ Private Ltd.

The facility would come up in an area of 23,615 sq ft. Accenture Services would expand its presence by setting up 35,756 sq ft office at TSI IT Park at Nanakramguda near here. It would employ 350 people.

The proposal of Konylabs IT Services Private Ltd to open an office at Phoenix Info City in Hyderabad, too, was approved by the committee. It would set about 900 people in an office of about one lakh sq ft, Ms K. Ratna Prabha, Principal Secretary (IT, Government of Andhra Pradesh), said here in a press release.

rockystone · August 12th, 2010, 01:50 PM

Broadcom India sets to increase headcount

By N Vasudevan Aug 11 2010 , Bangalore
Tags: Opportunities

After an 18-month lull in hiring, semiconductor firms have started recruiting aggressively again. Broadcom India plans to increase its headcount by about 300 people at its Bangalore and Hyderabad centres. Most of the hires will be experienced engineers for mobile and wireless space.

Broadcom presently employs 500 techies in the two cities. This is one of the firm’s largest engineering concentrations outside of the US. The company has taken up extra space in Bangalore and Hyderabad for the people addition. Rajiv Kapur, managing director of Broadcom India said, “This expansion of our facilities in both cities demonstrates Broadcom’s commitment of India as a key contributor to company’s global growth. Broadcom India’s engineers are key members of our global engineering teams for a number of our products and have played an integral role in our global business success.”

The engineering centre in Bangalore works on various products across all of the company’s target markets like broadband communications, mobile and wireless network infrastructure. The Hyderabad centre develops products for Broadcom’s Network Infrastructure, Broadband Communications and Corporate Enterprise IT solutions.

Kapur said there is a huge demand for 3D video content in high-end markets, while HD is picking up in fast pace in India. “We have come up with compelling products, where the quality of HD, price points, and features are perfectly fit for Indian market. We will continue to invest in this space,” he said.

rizwan3 · August 17th, 2010, 01:46 PM

Hyderabad’s Ybrant Digital Acquires the Once-Great Lycos

Aug. 17 – Hyderabad-based marketing company Ybrant Digital acquired the once-popular search engine and web portal Lycos from South Korea’s Daum Communications for US$36 million yesterday.

“Our goal is to combine the benefits of Ybrant’s global network with what Lycos has to offer in creating a compelling global destination for our advertising clients worldwide,” said Suresh Reddy, Ybrant’s chairman and CEO.

Founded in 1999, Ybrant Digital buys internet traffic on web sites and sells it to advertisers. The acquisition will allow the Indian company to offer Lycos’ online services, like its search engine, to a network of advertisers.

“The quality of content and tools offered by Lycos has always attracted the best of the consumers across the world,” Reddy said.

While Lycos still draws 60 million global visits per month, according to Daum Communications, the US$36 million price tag is a far cry from the nearly US$13 billion it commanded only 10 years ago when it was bought up by Terra Networks of Spain. Founded in 1994, the Lycos search engine was incredibly popular in the late 1990s and the web site became one of the most visited domains in the world in 1999 with a strong global presence. Around the time of its takeover by Terra Networks, though, Google was emerging as the favorite choice and Lycos has gone down ever since – being sold to Daum Communications in 2004 for US$95.4 million and now to Ybrant for a mere US$36 million.

Ybrant recorded US$70 million in revenue last fiscal year and its network serves prominent international brands like Dell, Intel, HP, Cisco, Sony, Nokia, Blackberry, Ford, Jaguar, Land Rover, Toyota, and Porsche.

rockystone · August 23rd, 2010, 09:34 AM

AppLabs acquires ValueMinds

AppLabs announced that it has acquired, Hyderabad based ValueMinds, the developer of TestersDesk.com(TM), a set of tools for test data generation and automated test case creation.

Post this acquisition, AppLabs will continue to support TestersDesk.com(TM) as a free community based tool for test design and test data generation for quality and testing professionals globally.

Commenting on the acquisition, Sashi Reddi, Founder and Chairman of AppLabs said “ValueMinds would bring to the table not only some key customized tools like WS TestersDesk - a test case generator for SOA/web services and Record Generator - a test data creator for databases and performance testing, but will also demonstrate AppLabs’ thought leadership in community driven testing activities” .

With the acquisition, Ashwin Palaparthi, Founder/Chief Architect of ValueMinds will join AppLabs as the Vice President, Innovation and will run several key initiatives of the company such as its Centers of Excellence in test automation, performance testing, and security testing.

rockystone · August 23rd, 2010, 09:35 AM

Infotech to hire 2,000 this fiscal

Infotech Enterprises Limited, a Hyderabad-based technology solutions provider offering engineering and geographic information (GI) services, is looking to hire 1,500-2,000 professionals by the end of the present financial year, backed by its growing business from the existing clients across verticals. The company employs 8,000 people globally.

"The hiring will be a combination of all the domains that we have, including engineering and GI. We see more traction coming in and we would certainly like to have more," said B Ashok Reddy, president (global HR and corporate affairs) of Infotech.

He was speaking to mediapersons on the sidelines of ‘HR Conclave — Talent building for emerging India’ organised by the Confederation of Indian Industry (CII) in Hyderabad.

Reddy said the visa row did not have any impact on the company as of its total strength, less than 50 per cent was under L1 and H1B visas. "We currently have 780 people on rolls in the US of which about 250 could be under L1 and H1B. In the case of Wellsco, which we acquired recently, all the 180 resources are locals. We are safe in there," he added.

rizwan3 · August 23rd, 2010, 02:35 PM

NE Technologies India to open new Telecom Software Development & Testing facility at Hyderabad with an investment of Rs. 25 crore
India PRwire
2010-08-22

NE Technologies (India) Pvt Ltd, a wholly owned subsidiary of NE Technologies Inc, USA is set to open a first of its kind of hi-end telecommunications optical network equipment development and testing facility in the state of Andhra Pradesh at Tolichowki in Hyderabad. The new facility with a floor space of 20000sqft is built to accommodate one hundred fifty resource personnel with network equipment laboratory space of 2500 sq ft. This is our second state-of-the-art R&D Facility in India (the first one was established in Goa in 2005). It is being set up with an investment of Rs 25 crores.

August 19, 2010 /India PRwire/ -- NE Technologies (India) Pvt Ltd, a wholly owned subsidiary of NE Technologies Inc, USA is set to open a first of its kind of hi-end telecommunications optical network equipment development and testing facility in the state of Andhra Pradesh at Tolichowki in Hyderabad.

Mr. Tom Stanton CEO and Chairman of the Board of ADTRAN Inc, a leading global provider of networking and communications equipment will be visiting Hyderabad to inaugurate the new facility on Monday, 23rd August.

The two offices in India, Hyderabad and Goa, NE Tech (India) Pvt Ltd are fully qualified for Telecommunications software development. They are used for augmenting development, testing and delivery teams for clients in North America and Europe and NE Technologies Inc and its subsidiaries worldwide.

Presently we have resource base of 70 people working at our city office in Road No 9. With the addition of the new office, we expect to expand our presence in Hyderabad and grow to a significant size in the next 3 years.

NE Technologies (India) provides world-class testing facilities with advanced ability to set-up different test labs, test environments and conduct various types of testing - embedded systems, element management systems, SONET/SDH systems and application software. Testing can include functional, integration and load/stress testing.

NE Tech (India) Pvt. Ltd is a subsidiary of NE Technologies Inc (USA) which leads the telecom industry as a superior provider of software solutions required in the operation of service provider networks. Our products are deployed in hundreds of telecom networks across the globe, supporting mission critical network management applications and services.

August 7th, 2010, 09:39 AM	#69
sairamprasad999 Registered User Join Date: Jun 2010 Posts: 10 Likes (Received): 0	The following are details of expansion plans of few IT/ITES companies in Hyderabad: 1) CA Inc., has recently completed construction of a new Software Development Block(SDB) of about 2 lakh square feet and a multi level car park in it’s existing India R&D center in Gachibowli to accommodate about 1500-2000 engineers.Aparna Infra has completed the construction of the project. 2) Capgemini has a new 2 lakh square feet SDB nearing completion in it’s IT Park in Nanakramguda suitable to accommodate about 2000 employees. 3) Infotech Enterprises has completed super structure work for a new SDB in its existing IT Park in Nanakramguda. 4) Virtusa has completed constructing a new building in APIIC Nanakramguda SEZ for itself whose size is 6 lakh ,as stated by EDIFICE Consultants, the architect of the project. 5) Honeywell recently added two floors to its partially constructed building to complete the building, whose size is 1.25 lakh square feet and also started second phase of development in it’s IT Park in Nanakramguda.Cushman & Wakefeild,DSP Design,M+W Zander are respectively Project manager, Architect and Contractor. 6) Wipro has recently completed a 12 storey tower-Tower 18 in Wipro Manikonda SEZ whose size is 6 lakh square feet. It also completed a 7 storey multi level car park in the same campus.JMC Projects recently completed finishing works to these buildings designed by Mindspace Architects. 7) TCS has recently commenced construction of two new SDBs of 7 lakh square feet area in TCS-CMC Synergy Park SEZ in Gachibowli.Project construction is active with Shopoorji Pallonji as contractor. 8) Infosys has recently completed super structure work for a 3 lakh square feet SDB and 3 lakh square feet service block in Pocharam SEZ.Contractor for this project is Shobha Developers. The following are some details of various office space leasing transactions as reported by real estate service providers like CBRE India, Cushman & Wakefield, DTZ in their quarterly India office market reports for the past four quarters. 1) Transactions reported in Q3 2009: A) Amazon leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY. B) Verizon leased 2,00,000 square feet in Mindspace,HITEC CITY. C) Broadcomm leased 60,000 square feet in Mindspace,HITEC CITY. D) CGI leased 60,000 square feet in RMZ Futzura,HITEC CITY. E) Perot Systems leased 55,000 square feet in Jayabheri Silicon Towers,Kondapur. F) Bayer leased 36,000 square feet in Ohri’s Atom, HITEC CITY. G) Cubic Transportation Systems leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY. H) MAQ Software leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY. I) Tanla mobile leased 25,000 square feet in DLF Cybercity SEZ,Gachibowli. J) Verity leased 25,000 square feet in Building 14,Mindspace SEZ,HITEC CITY. K) Sristek leased 20,000 square feet in DLF Cybercity SEZ,Gachibowli. 2) Transactions reported in Q4 2009: A) CapitalIQ leased 2,65,000 square feet in SDE Prameela,Kondapur. B) Cognizant leased 1,11,000 square feet with 2,22,000 expansion option in DLF Cybercity SEZ,Gachibowli. C) Qualcomm leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY. D) Wells Fargo had pre-commitment of 1,30,000 square feet in Divyasree Orion SEZ,Raidurga. E) First Indian Corporation leased 1,00,000 square feet in The V,HITEC CITY. F) AT&T leased 60,000 square feet in Building 9,Mindspace,HITEC CITY. G) Factset leased 50,000 square feet in DLF Cybercity SEZ,Gachibowli. H) Vignette leased 40,000 square feet in Building 14,Minspace SEZ,HITEC CITY. I) ICT leased 20,000 square feet in Building 14,Mindspace SEZ,HITEC CITY. 3) Transactions reported in Q1 2010: A) TCS leased 2,50,000 square feet in Bar building,Waverock SEZ,Nanakramguda. B) HSBC leased 2,00,000 square feet in Building 9,Mindspace,HITEC CITY. C) Accenture leased 2,00,000 square feet in Bar building,Waverock SEZ,Nanakramguda. D) Synopsis leased 1,20,000 square feet in Block B,Divyasree Omega,Kondapur. E) ADP leased 1,10,000 square feet in Block C,Laxmi Cyber City,Kondapur. F) Inventurus leased 52,000 square feet in Building 8,Mindspace SEZ,Pocharam. G) Infor leased 73,320 square feet in Q-City,Nanakramguda. H) Global Data leased 21,000 square feet in NSL Serene Estate,Kukatpally. I) Innominds leased 20,000 square feet in Q-city,Nanakramguda. K) Model N leased 30,000 square feet in DLF Cybercity SEZ,Gachibowli. L) PAREXEL leased 60,000 square feet in DLF Cybercity SEZ,Gachibowli. 4)Transactions reported in Q2 2010: A)JP Morgan leased 3,50,000 square feet with additional 2,00,000 square feet expansion option in Building 11,Mindspace,HITEC CITY. B)Oracle leased 1,80,000 square feet in Block C,Ananth Infopark,HITEC CITY. C)TCS leased 70,000 square feet in Bar building,Waverock SEZ,Nanakramguda. D)Persistent Systems leased 45,000 square feet in Mindspace,HITEC CITY. E)Tata Nova leased 40,000 square feet in Building 9,Mindspace,HITEC CITY. F)Cisco leased 33,000 square feet in The V,HITEC CITY. G)Teradata leased 33,000 square feet in The V,HITEC CITY. H)Facebook leased 20,000 square feet with option of 30,000 square feet in Building 14,Mindspace SEZ,HITEC CITY. I)Valuemomentum Services leased 33,000 square feet in Building H-08,HITEC CITY 2 SEZ,HITEC CITY. J)CGI leased 90,000 square feet in DLF Cybercity SEZ,Gachibowli. K)Dupont leased 70,000 square feet in DLF Cybercity SEZ,Gachibowli. Last edited by sairamprasad999; August 7th, 2010 at 10:39 AM.

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July 25th, 2010, 09:48 AM	#62
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	http://www.berggruenholdings.com/por...p?subPageId=61 Commercial Development near Hitech City, Hyderabad Berggruen Holdings is developing a high-end commercial office complex approximately 3.5 km from Hitech City, Hyderabad, Andhra Pradesh. The land size is approximately 2.6 acres and has an approved sellable area of 611,582 sq ft.

July 30th, 2010, 12:45 PM	#63
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	HCL Tech to transform BPO segment The company is looking at end-to-end projects in the power and insurance sectors CHENNAI: With business process outsourcing (BPO) segment witnessing de-growth for the past two years, HCL Technologies has decided to transform it into business plus service platform and call it Business Services. Under this, the company would offer integrated platform along with people as a business package and charge the clients on a per transaction basis. As a step towards this, HCL Technologies, had acquired a leading U.K.-based BPO provider Liberata Financial Services (LFS) to provide comprehensive end-to-end administration and customer services for the life insurance and pension industry. The company's insurance practice would be strengthened by LFS' core capability to manage complex transactions. It had decided to invest $30 million in eight quarters in transforming the BPO business. Mr. Nayar said the company was also planning to set up capability centres in Chennai, Bangalore, Noida and Hyderabad. These centres would act as a special force to create a global capability to compete with the skill sets in the U.S. and the U.K in the SAP and Oracle platforms. It proposed to recruit 1,000 engineering graduates with skill sets in SAP and Oracle platforms. They would be trained by capabilities consultants of HCL, Axon of the U.K. The company had net headcount additions of 10,341 and the total stood at 64,557.

August 2nd, 2010, 11:05 AM	#64
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Avantel bags Rs 112 mn order Hyderabad-based Avantel announced that it has received an order worth Rs 111.6 million from Antrix Corporation, department of space, Government of India (GoI) for supply, commissioning and installation of satellite communication terminals. Avantel is engaged in manufacturing of telecom products and providing software development servicesThe company has market capitalization of Rs 350.87 million as on Jul. 30, 2010. Shares of the company gained Rs 0.45, or 0.6%, to trade at Rs 75. The total volume of shares traded was 1,500 at the BSE (11.11 a.m., Monday).

August 2nd, 2010, 11:06 AM	#65
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Tanla Solutions To Deploy Video Mail Service In 3G Spectrum With MTNL (RTTNews) - Telecommunications software and services provider Tanla Solutions Ltd. announced the deployment of video mail service in the 3G spectrum with the state-owned Mahanagar Telephone Nigam Ltd., or MTNL. MTNL is the first Indian mobile operator to launch 3G services in India. Video mail service ensures that the users do not miss any calls even when they are unavailabe. Using Video Mail, the user can leave a message through videos, which is an enhancement to the existing Voice mail services where the users leaves only a voice message. The Hyderabad-based company looks forward to add new services in the 3G value added services space that would provide Tanla traction in this segment, likely to expand very soon in India. It already successfully deployed and is providing 3G services on networks outside India, such as in the United Kingdom and Sri Lanka.

August 5th, 2010, 01:27 AM	#66
ygvjs2000 Registered User Join Date: Jul 2010 Posts: 388 Likes (Received): 0	Source: http://economictimes.indiatimes.com/...ow/6258416.cms Roadmap for IT investment regions in three states soon. HYDERABAD: The Ministry of Communication and Information Technology will soon come out with the final modalities for IT Investment Regions (ITIR) proposed to be set up in Andhra Pradesh, Orissa and Karnataka, a top official said on Wednesday. "The Planning Commission has in principle agreed for setting up projects in three states. As per the process we are in consultations with various departments. We are working out modalities. We will be able to come out with the finality in 3-4 months," IT Secretary R Chandrasekhar told reporters on the sidelines of eIndia-2010, a three day conclave of IT and IT related activities. ITIRs are larger than IT SEZs and are specifically notified investment region with minimum area of 40 sq km planned for IT and ITeS and EHM units. The minimum processing area would be 40 per cent of the total area of the ITIR and the remaining will be for other infrastructure like roads, buildings and other utilities. The Andhra Pradesh government has identified three locations, including one at the international airport covering about 150 sq kilometers in Hyderabad for the ITIR. "A special purpose vehicle will be floated to execute the ITIR project," a senior state IT department official said. Speaking on the National e-Governance Program, Chandrasekhar said the government is going to spend Rs 40,000 crore in three to four years on different projects of the NeGP. This includes initial two to three years of the operational phase. The implementation of the project and the process of making services available is expected to complete by 2014," he said.

August 8th, 2010, 04:55 PM	#71
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	DQE aims at Rs 24 crore from Keymon Ache DQ Entertainment (International) Limited, a Hyderabad-based animation, game art and entertainment company, is targeting to garner $5 million (approximately Rs 23.5 crore) revenues from ‘Keymon Ache’, its first local animation production for kids channel Nickelodeon (Nick), a part of Viacom 18 Media. The company on Thursday signed a co-finance and production agreement with Nick India to produce the series comprising 26 high-definition half-hour episodes, to start with. Under the deal, Nick India will have the rights to the property in the south Asian region, including India, while DQE will hold exclusive rights for the rest of the world. "Nick India has provided the content for the series and DQE will be executing the project, including English voice and music composition in Europe, to address the global audience. The series will go beyond television to new streams like home video, part-licensing, merchandising and onto mobile and Internet platforms for further monetisation once the series is televised, which is expected from the middle of 2011," Tapaas Chakravarti, chairman and chief executive of DQE, told Business Standard. ‘Keymon Ache’ is based on the everyday life of an ordinary nine-year-old boy and his set of magical toy friends.

August 8th, 2010, 05:00 PM	#72
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	ICSA eyes Rs 1000-cr Scada orders K Rajani Kanth / Chennai/ Hyderabad August 7, 2010, 0:03 IST ICSA (India) Limited, a Hyderabad-based provider of embedded software solutions and infrastructure deployment services for the power sector, is expecting to have an orderbook of Rs 1,000 crore from the supervisory control and data acquisition (Scada) bids in the next financial year. ICSA, along with its Chinese partner Dongfang, has been empanelled as one of the 14 Scada implementation agencies by the Power Finance Corporation (PFC), which has earmarked approximately Rs 2,500 crore for the purpose, to be exhausted before 2012. Depending on the size of the state, PFC allocates anywhere between Rs 200 crore and Rs 350 crore per state. “Bids from Gujarat and Rajasthan governments are expected to be floated in a month's time, while 10 more states will call for tenders in the second half of the current fiscal. We are targeting about 10 states and are hopeful to get six states. Besides, there are standalone Scada orders available by state electricity boards and private companies, which we will bid for,” G Bala Reddy, chairman and managing director of ICSA, told Business Standard. The company recently commissioned its smart energy meter (SEM) manufacturing plant on the outskirts of Hyderabad with a capacity of 1.8 million units per year. Reddy said the installed base of meters in India was currently pegged at 142 million and the industry expected an addition of 100 million, both replacement of existing meters and new ones, in the next five years. “This (SEM) is the new area which will add up to out technology business,” he said. The company was below the distribution value-chain till last year. From this year, it would focus on above 132kv units.

August 8th, 2010, 06:13 PM	#73
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	Kaspersky Lab launches ‘Anti-Virus 2011’ MUMBAI: Kaspersky Lab, a leading developer of secure content management solutions, today announced the launch of the latest versions of its flagship consumer products Kaspersky internet security 2011 and Kaspersky Anti-Virus 2011. “The new products take full advantage of the most innovative cutting edge technologies to provide more accurate detection and an even faster response to any IT threats,” Kaspersky Lab’s South Asia Managing Director Mr Suk Ling Gun said here. Kaspersky Lab India (KLI) started full fledged operations from June 1, 2010, with marketing, sales and technology teams based out of Hyderabad. The newly implemented system watcher technology monitors all system events in full — creation and modification of files, system calls and changes to the system registry, Mr Suk said.

August 10th, 2010, 03:52 PM	#74
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	http://economictimes.indiatimes.com/...ow/6288076.cms Infotech Enterprises acquires US firm Wellsco HYDERABAD: Infotech Enterprises announced it has acquired US-based network engineering and management firm Wellsco Inc in an all-cash deal to raise its business from the telecom sector. The company in a statement said its wholly owned subsidiary Infotech Enterprises America Inc(IEAI) acquired Wellsco. "We are confident that we will leverage this acquisition to create strong momentum and further enhance our leadership position in the network engineering services market space," said B.V.R. Mohan Reddy, Chairman and Managing Director of Infotech Enterprises. Headquartered in Paragould, Arkansas, Wellsco has some of the largest Telecom companies in the US as its long-term customers.

August 11th, 2010, 12:52 PM	#75
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	Nod for Zensar, Accenture SEZ units Hyderabad, Aug 10 Proposals of Zensar Technologies and Accenture Services to set up their units at Special Economic Zones (SEZs) have been approved by the Unit Approval Committee of the Development Commissioner of Andhra Pradesh IT SEZs. The committee, which met here on Monday, approved Zensar's plan to establish a facility with 300 employees at DLF Cyber City SEZ Private Ltd. The facility would come up in an area of 23,615 sq ft. Accenture Services would expand its presence by setting up 35,756 sq ft office at TSI IT Park at Nanakramguda near here. It would employ 350 people. The proposal of Konylabs IT Services Private Ltd to open an office at Phoenix Info City in Hyderabad, too, was approved by the committee. It would set about 900 people in an office of about one lakh sq ft, Ms K. Ratna Prabha, Principal Secretary (IT, Government of Andhra Pradesh), said here in a press release.

August 12th, 2010, 01:50 PM	#76
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Broadcom India sets to increase headcount By N Vasudevan Aug 11 2010 , Bangalore Tags: Opportunities After an 18-month lull in hiring, semiconductor firms have started recruiting aggressively again. Broadcom India plans to increase its headcount by about 300 people at its Bangalore and Hyderabad centres. Most of the hires will be experienced engineers for mobile and wireless space. Broadcom presently employs 500 techies in the two cities. This is one of the firm’s largest engineering concentrations outside of the US. The company has taken up extra space in Bangalore and Hyderabad for the people addition. Rajiv Kapur, managing director of Broadcom India said, “This expansion of our facilities in both cities demonstrates Broadcom’s commitment of India as a key contributor to company’s global growth. Broadcom India’s engineers are key members of our global engineering teams for a number of our products and have played an integral role in our global business success.” The engineering centre in Bangalore works on various products across all of the company’s target markets like broadband communications, mobile and wireless network infrastructure. The Hyderabad centre develops products for Broadcom’s Network Infrastructure, Broadband Communications and Corporate Enterprise IT solutions. Kapur said there is a huge demand for 3D video content in high-end markets, while HD is picking up in fast pace in India. “We have come up with compelling products, where the quality of HD, price points, and features are perfectly fit for Indian market. We will continue to invest in this space,” he said.

August 17th, 2010, 01:46 PM	#77
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	Hyderabad’s Ybrant Digital Acquires the Once-Great Lycos Aug. 17 – Hyderabad-based marketing company Ybrant Digital acquired the once-popular search engine and web portal Lycos from South Korea’s Daum Communications for US$36 million yesterday. “Our goal is to combine the benefits of Ybrant’s global network with what Lycos has to offer in creating a compelling global destination for our advertising clients worldwide,” said Suresh Reddy, Ybrant’s chairman and CEO. Founded in 1999, Ybrant Digital buys internet traffic on web sites and sells it to advertisers. The acquisition will allow the Indian company to offer Lycos’ online services, like its search engine, to a network of advertisers. “The quality of content and tools offered by Lycos has always attracted the best of the consumers across the world,” Reddy said. While Lycos still draws 60 million global visits per month, according to Daum Communications, the US$36 million price tag is a far cry from the nearly US$13 billion it commanded only 10 years ago when it was bought up by Terra Networks of Spain. Founded in 1994, the Lycos search engine was incredibly popular in the late 1990s and the web site became one of the most visited domains in the world in 1999 with a strong global presence. Around the time of its takeover by Terra Networks, though, Google was emerging as the favorite choice and Lycos has gone down ever since – being sold to Daum Communications in 2004 for US$95.4 million and now to Ybrant for a mere US$36 million. Ybrant recorded US$70 million in revenue last fiscal year and its network serves prominent international brands like Dell, Intel, HP, Cisco, Sony, Nokia, Blackberry, Ford, Jaguar, Land Rover, Toyota, and Porsche.

August 23rd, 2010, 09:34 AM	#78
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	AppLabs acquires ValueMinds AppLabs announced that it has acquired, Hyderabad based ValueMinds, the developer of TestersDesk.com(TM), a set of tools for test data generation and automated test case creation. Post this acquisition, AppLabs will continue to support TestersDesk.com(TM) as a free community based tool for test design and test data generation for quality and testing professionals globally. Commenting on the acquisition, Sashi Reddi, Founder and Chairman of AppLabs said “ValueMinds would bring to the table not only some key customized tools like WS TestersDesk - a test case generator for SOA/web services and Record Generator - a test data creator for databases and performance testing, but will also demonstrate AppLabs’ thought leadership in community driven testing activities” . With the acquisition, Ashwin Palaparthi, Founder/Chief Architect of ValueMinds will join AppLabs as the Vice President, Innovation and will run several key initiatives of the company such as its Centers of Excellence in test automation, performance testing, and security testing.

August 23rd, 2010, 09:35 AM	#79
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Infotech to hire 2,000 this fiscal Infotech Enterprises Limited, a Hyderabad-based technology solutions provider offering engineering and geographic information (GI) services, is looking to hire 1,500-2,000 professionals by the end of the present financial year, backed by its growing business from the existing clients across verticals. The company employs 8,000 people globally. "The hiring will be a combination of all the domains that we have, including engineering and GI. We see more traction coming in and we would certainly like to have more," said B Ashok Reddy, president (global HR and corporate affairs) of Infotech. He was speaking to mediapersons on the sidelines of ‘HR Conclave — Talent building for emerging India’ organised by the Confederation of Indian Industry (CII) in Hyderabad. Reddy said the visa row did not have any impact on the company as of its total strength, less than 50 per cent was under L1 and H1B visas. "We currently have 780 people on rolls in the US of which about 250 could be under L1 and H1B. In the case of Wellsco, which we acquired recently, all the 180 resources are locals. We are safe in there," he added.

August 23rd, 2010, 02:35 PM	#80
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	NE Technologies India to open new Telecom Software Development & Testing facility at Hyderabad with an investment of Rs. 25 crore India PRwire 2010-08-22 NE Technologies (India) Pvt Ltd, a wholly owned subsidiary of NE Technologies Inc, USA is set to open a first of its kind of hi-end telecommunications optical network equipment development and testing facility in the state of Andhra Pradesh at Tolichowki in Hyderabad. The new facility with a floor space of 20000sqft is built to accommodate one hundred fifty resource personnel with network equipment laboratory space of 2500 sq ft. This is our second state-of-the-art R&D Facility in India (the first one was established in Goa in 2005). It is being set up with an investment of Rs 25 crores. August 19, 2010 /India PRwire/ -- NE Technologies (India) Pvt Ltd, a wholly owned subsidiary of NE Technologies Inc, USA is set to open a first of its kind of hi-end telecommunications optical network equipment development and testing facility in the state of Andhra Pradesh at Tolichowki in Hyderabad. Mr. Tom Stanton CEO and Chairman of the Board of ADTRAN Inc, a leading global provider of networking and communications equipment will be visiting Hyderabad to inaugurate the new facility on Monday, 23rd August. The two offices in India, Hyderabad and Goa, NE Tech (India) Pvt Ltd are fully qualified for Telecommunications software development. They are used for augmenting development, testing and delivery teams for clients in North America and Europe and NE Technologies Inc and its subsidiaries worldwide. Presently we have resource base of 70 people working at our city office in Road No 9. With the addition of the new office, we expect to expand our presence in Hyderabad and grow to a significant size in the next 3 years. NE Technologies (India) provides world-class testing facilities with advanced ability to set-up different test labs, test environments and conduct various types of testing - embedded systems, element management systems, SONET/SDH systems and application software. Testing can include functional, integration and load/stress testing. NE Tech (India) Pvt. Ltd is a subsidiary of NE Technologies Inc (USA) which leads the telecom industry as a superior provider of software solutions required in the operation of service provider networks. Our products are deployed in hundreds of telecom networks across the globe, supporting mission critical network management applications and services.