Netacross managing director Manish Modi told The Financial Express the company would be moving the necessary applications next month, including one to the Foreign Investment Promotion Board.

Netacross has decided to go for the US market in a big way after its alliance with Acquavit, a US-based venture capital company which has subscribed to 26 per cent freshly issued tranche of stock worth $1.75 million in company. Prior to this investment, Netacross had a capital base of $5 million. It has also added a new line of business of incubation services for the Web solutions company.

Describing the move as a `logical outcome', Modi said the company would look at an IPO in the US market next year. "But more than that, thisalliance will give us the ability to move very quickly, both in the international as well as the domestic market," he added.

Acquavit is looking to set up offices in the Silicon Valley to target internet start-ups more effectively. As per the partnership deal with Netacross, both companies will jointly tap Indian entrepreneurs in the US-India corridor wanting to start their companies and provide them the incubating environment.