NetDevices opens Hyderabad centre

Hyderabad, Jan 28 | Updated: Jan 29 2005, 06:33am hrs
The US-based NetDevices Inc (NetD) has launched its second development centre in India in Hyderabad on Friday with an initial capacity of 30 people, to grow to 75 in due course of time.

The product development company, which has its first development centre in Bangalore, has proposed to invest $15 to $20 million over the next one year on products development and infrastructure.

Addressing a press conference here on Friday, Seenu Banda, chief executive officer, founder and president of NetD, said that the Hyderabad centre is an extension of the company's virtual global campus strategy and will function as a full-fledged centre as that of other centres in the US, Australia and Bangalore.

The Hyderabad centre will be a critical component of NetD's global expansion operations and will participate in developing products in network management, remote site connectivity and remote management into a single device.

The company will be launching its first product - a new network lifeline capable gateway product, which eliminate the need for upto eight separate devices, into the market during the first quarter of this year.

The product offers the ability to monitor the heart rate and pulse of the system as well as continuously manage and control the entire suite of services, he said.

The product will help the customers attain competitive advantages through reduced mean time to repair, unilateral access to and control of the system remotely, service level agreement transparency, detailed visibility and on-the-fly software upgrades and ability to deploy-and-forget the system, Mr Banda pointed out.

The company, which has 125 associates, will be adding 75 more associates during the year, mostly in Hyderabad. It has also decided to sizeably investment in products development and infrastructure, he said. "We decided to invest $15 to $20 million in the next 12 months on products development and infrastructure and Hyderabad will garner sizeble investments," he added.

To fund the expansion, the company plans to go for second round venture capital funding apart from raising internally. The company had earlier in 2003 raised $16 million from four venture capitalists - ComVentures, Artiman Ventures, Columbia Capital and JumpStartUp.