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Sitinet Tech to launch site for B2B transaction services
Our eFE Bureau
Hyderabad-based Sitinet Technologies is set to launch a digital platform - Sitinet.com, to provide online services for business transactions. The platform will be formally launched by AP chief minister N Chandrababu Naidu on Sunday. The second-generation dotcom company, Sitinet.com, will have an total investment of Rs 5 crore. It will focus on delivery and fulfillment rather on content and avoid middlemen in business transactions, said managing director Kalyanam Bhaskar at the pre-launch press conference here on Friday. The flagship product of Sitinet Technologies, Siti Agent.com, an e-commerce platform, is tailor-made to any supply-chain management solutions and also helps business associates to do systematic offline postings and retrieve processed responses.It also saves utility bills of the Internet and telephone, he said. After the launch in Hyderabad, the services of Sitinet.com will be extended to Chennai and Bangalore soon, he said. To share a common platform, Sitinet helps in activities like rentals, careers, seconds, doctors, in its C2C, B2C and B2B gateways. Sitinet Technologies, promoted by a group of NRIs and Angel Investors USA, is hoping to break-even within one-and-a-half year. It has tied up with 30 companies and is planning to come out with an IPO, Bhaskar added. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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