Bangalore: Internet Component Management Group (iCMG) formerly Component Management Group will invest $10 to 15 million in the the company's recently forayed B2B products business segment, according to the company's CEO Sunil Dutt Jha. iCMG has also announced its corporate identity. Jha said the company was positioning itself as a business-to-business products company with special thrust on scalable, reliable and cost-effective middleware products like component servers.He said most of the investments would go into development of B2B products business and an business to education portal. Inaugurating the company's corporate identity and new office premises in Bangalore on Wednesday, IT secretary (Karnataka) Vivek Kulkarni said the B2B space in e-World was expected to grow to a whopping $4 trillion business by 2004. With open standards like XML, Java and CORBA becoming ubiquitous for growing businesses worldwide, India was fast becoming a technology hub with most global companies outsourcing their technology solutions.
The global B2B space currently growing at 2.6 per cent was expected to grow at 10.9 per cent by year 2004, Kulkarni said. Jha said the repositioning of the company's corporate profile would not change the core values of the company but would aim at an aggressive growth plan in the coming months.
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