To bankroll its India plans, Interra plans to offload up to 25 per cent stake in the company to venture capital financiers and private placement agencies, said senior company officials. The company is also planning a listing on the Nasdaq in the next 18 to 24 months, said Interra India president Asoke K Laha.

Interra would be soon be setting up a separate group for product development which would come out with prototypes of financial software and ERP-based applications, said Laha. The company plan to invest $1 million on product development over the next one year, he added.

Interra has till now been focussed on delivering solutions based on client-server technologies and mainframes targeting the US market. For a more even market spread the company is in the process of entering into a series of strategic marketing tie-ups with companies in the several markets including the UK, Switzerland, Japan and Singapore.

Despite its new thrust on internet technologies and the focus on the Indian market, the company will continue to service its existing client base, said Laha.

A market study is currently on for a foray into IT-related services. Though the company is yet to firm up plans on this front, Interra will enter this market segment in association with other players, officials indicated.

Based in San Jose, California, the Interra group has interests in electronic design automation (EDA) and digital video (DV) technologies. The group recently underwent a restructuring with the EDA, DV and information technology division spun off as separate companies.