Baypackets Plans To Invest $30 M In Its Indian Operations

New Delhi | Updated: Feb 26 2004, 05:30am hrs
BayPackets Technologies, an Indian telecom software start-up, plans to invest about $30 million in its local operations during the next three years, and increase its engineering headcount in the Noida centre to 225 from the current level of 75 over the next twelve months.

We will invest between $25-30 million in our Indian operations over the next three years, especially in our Noida development centre, besides raising the headcount there by three times from the current 75 professionals, BayPackets president and CEO Kenneth Epps told eFE.

The expansion is aimed at servicing the Asia Pacific market in a focussed manner, he said. The company also announced its major deals from the global telecom carriers, with sizes ranging from $500,000 to $3 million. Its major customer wins include Deutsche Telecom of Germany, Verizon Avenue, Global Crossing among others in North America and Europe.

The deal size ranges between $ 500,000 to $3 million, said Mr Epps. The company plans to announce some major deals during the next month. In India, the company is talking to Indian telecom service providers for its products.

BayPackets has invested nearly $10 million in product development at Noida to meet its growing customer needs. It is a privately held company backed by $43.7 million venture funding with Lucent, Intel as strategic investors.