Hyderabad: The $10 million Silicon Valley-based
Intoto Inc, provider of integrated security, wireless
and voice software platforms has plans to invest $15 million
in India over a period of five years to scale up its operations
in India. The additional investment will be used to set
up development centres in Chennai and Bangalore. The company
already has a development centre in Hyderabad.
Intoto
provides integrated, secure and embedded gateway infrastructure
software products to security, wireless and voice software
for networking and communications equipment manufacturers,
mainly in the US and Taiwan.
Sathyan
Iyengar, founder, chief executive officer and president
of Intoto, revealed that a US-based venture capital agency,
AsiaTech Management and a corporate partner have together
pumped in $11 million into Intoto, to enable the company
expand its operations in India.
Intoto
has so far licensed its iGateway software solutions to
over 100 networking and communications equipment vendors.
The iGateway platform includes security, convergence,
connectivity and management solutions for security appliances
and broadband networking equipment such as DSL, cable
and wireless gateways, firewall and VPN appliances, integrated
access devices, SOHO and residential gateways, access
routers and multi-service switch gateway equipment.
According
to Iyengar, "Intoto India is integral to the company's
operations and is planned to be the hub of products development.
The company will continue to expand its operations in
India, particularly at its Hyderabad centre," he
said. The Indian operations will be responsible for design,
development and maintenance of all Intoto's communication
products. In addition, it will address future broadband
and enterprise communication equipment requirements, he
added.
He
said, "The additional investment of $15million will
be spent over a period of five years in India in new hardware,
testing labs, products development and manpower."
In the immediate future the company plans to invest about
$ 3 million at its Hyderabad facility to increase manpower
to 160 as against 120 professionals now.
The
company also plans to set up new centres in Chennai, Bangalore
and Pune. It has also taken an international private leased
line connectivity (IPLC) which would become operational
next month.
The
company has so far invested about $6 million into its
Hyderabad operations out of the $14 million it raised
from angel investors during the last three years.
According
to SN Murthy, president and chief operating officer, Intoto
Software India Pvt Ltd, said, "Since it began operations
in 1998, Intoto India has been focusing on building niche
products in the area of security, voice and wireless technologies
for the OEMs in the communication sector."
Murthy
said the company would launch iGateway ParentalCQ, iGateway
Traffic Management, iGateway SecureICP, iGateway Inline
IPS and iGateway CMS by the end of the year. iGateway
ParentalCQ applications include URL blocking, real-time
URL rating, policy management and real-time reporting
in a centrally managed solution.
This
is slated for launch in the next three months. iGateway
Traffic Management provides traffic shaping and traffic
policing features on per-interface basis. This product
is currently under development.
It will support iGateway SecureICP which is an integrated
software platform with security, voice, wireless VoIP.
iGateway SecureICP will be launched by June.
The
company recently moved to its new 22,000 sq ft facility
in Hyderabad from where it will scale up its technical
research and development teams. The company says the integrated
security market has been estimated at $2.7 billion and
is scheduled to touch $5 billion by 2007 with a compounded
annual growth rate of 40 per cent.
The
company has been generating revenues since it began operations in
the US five years ago and has over 750,000 installations
across the US, Europe, Asia Pacific, he said.
|