The Hindu Business Line : New design centre — LVL7 Systems plans to invest $6 m

Dr Albert Bender, Chief Executive Officer, and Mr Geoffrey Bula, Vice-President, Product Development, LVL7 Systems Inc, after the press conference in Hyderabad on Saturday. — A. Roy Chowdhury

Hyderabad , Oct. 9

LVL7 Systems Inc, a global networking software provider based in North Carolina, has announced the commissioning of its India design centre that would serve both as a research and design hub as also global support centre for its operations.

The company plans to invest $6 million in the Indian subsidiary over the next 24 months.

The Chief Executive Officer, Dr Albert Bender, and the Vice-President, Mr Geoffrey Bula, said that the company has commenced operations of its design centre here, which would exclusively focus on building Layer 2,3,4 and above networking products. Level 7 actually connotes various levels of networking software.

"Being a design centre, the number of people we would recruit is relatively small in comparison to software services companies. By the end of this year, we would have about 30 people and about 80 by the middle of next year. The interesting aspect is that we have received over 5000 applications and it has become a challenging issue to pick the right fit," Dr Bender said explaining the reason for choosing India and the manpower potential here.

He said, "The Hyderabad centre will be great complement to our engineering team headquartered in North Carolina. For the past few years, we have relied on contract software development services from India to balance our workload and meet customer demands. With our growth rate tracking at 200 per cent this year and continued success in winning new design projects, it made good business sense to formalise the arrangement and set up our own operations."

LVL7 Systems is a privately held corporation, which has received two rounds of funding of $10 million and $15 million, respectively.

The first round was led by the US-based Carlyle Group and later HIG Ventures, Gabriel and RTV ventures too invested.

The investments came through when there was hardly any funding speaks of the potential of the market and the company area of focus, they explained.

The company has inducted Mr Prabhat Kumar Bhagvandas, as the Managing Director for India operations.

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