Bangalore : US-based ADC Telecom, supplier of fibre optics, network equipment, telecom software and integration services for broadband, mutli-service networks has set up a $100 million venture capital fund for strategic investments across the world.ADC director (offshore development, access products division), Mr Nagabhushan Rao told The Financial Express that, ``We already have various strategic investments across the globe and we will be looking for more such relationships in countries including India.''
Mr Rao said ADC recently acquired two companies -- Pairgaim and Broadband Access Systems -- in the US for $1.7 billion and $2.3 billion respectively. ``We are always on the lookout for suitable firms for acquisition. On an average, we acquire a company a month,'' he said. The company was also looking at India for acquisitions or strategic investments, he said.
Mr Rao said that ADC had immediate plans to expand its operations to newer markets including India. ``Our growth is saturated in the US and we are in the process of looking at new markets,'' he said. ADC already has operations in the UK, Europe, Australia, China, Singapore and Israel.
ADC had picked up two Indian IT firms including the Bangalore-based Kshema Technologies to outsource software for its broadband infrastructure, broadband access and network management projects, Mr Rao said. However, he did not reveal the name of the other firm.
According to Mr Kshema Technologies senior vice-president, Mr Raj Rajkumar, the company was in the process of setting up lab facilities for undertaking ADC projects.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.