PolicyOne to have Subsidiary in India

 

PolicyOne, an international company focused in the area of Internet infrastructure has decided to have a subsidiary in the country. The company is headquartered in Fremont, California (USA). The new company has been formed as a result of the merger of Duet Technologies Inc. and TunnelNet Inc. USA.  PolicyOne will leverage the software and hardware design capabilities of the two erstwhile companies to address the worldwide Internet infrastructure market.

Internet infrastructure covers hardware and software solutions that go together to help control and ease information sharing across distributed entities. According to a survey result of the International Data Corporation (IDC), worldwide e-commerce spending alone (driven by the Internet) is estimated to grow from US $ 100 billion in 1999 to US $ 1400 billion in 2003.

A substantial portion of this spending is expected to targeted at growing and enhancing the Internet infrastructure. The company will develop a product (hardware and software system) that is targeted at the unserved market demand in the Internet infrastructure space.  In the first phase, this product will be marketed in the "Internet ready markets" such as US, Europe and Japan. The second phase will mark its introduction in countries of Latin America, Eastern Europe and Pan-Asia, including India.

PolicyOne Inc. will take over the Indian operations of Duet Technologies, that include a state-of-the-art 16000 sq. ft. facility in the Noida Export Processing Zone.  Duet Technologies had in mid 1999 made a strategic agreement with Motorola Inc. under which Duet transferred its EDA, memory compilers and ASIC library resources to Motorola in order to focus on the Internet infrastructure opportunity.

The company has a technological capability base, with over 75 professionals in India and over 40 in the US.  The Company plans to recruit another 100 software developers and ASIC, Chip and Board designers by the end of this year. It is shifting its headquarters to a new 40000-sq. ft. facility in Silicon Valley, shortly. There will be tight coupling between Indian engineering and US for co-design of hardware and software.  It plans to immediately put in place a web-based Intranet which will track all aspects of the development such as request documents, design documents, development plans and engineering schedules etc. seamlessly across the development centers in US and India.

 

"We will be investing between Rs. 10 to 15 crore in the first year of operations, in the Indian subsidiary. A large portion of the software system for the new product will be developed in India. After the product is launched in the market, the Indian subsidiary will be expanded to provide sales services and support, in addition to product development.”