The Hindu Business Line : i-Vista Digital to develop products for Dutch cos

I-VISTA Digital Solutions has entered the European market with an order worth euro 1 million, approximately Rs 5.2 crore. The company has bagged orders from Dutch companies Innovista, BV and Human Capital Performance Management, BV. i-Vista is to develop products such as `Video over IP Security Portal', a security system that supervises cameras through an Internet Protocol network, and `Total Performance Score Card' that will enable balance performance management. These are to be developed by the end of 2006.

The development will be completed in two phases, with the first fetching euro 3-lakh and the second euro 7-lakh. Mr Narayan Rajan, CEO, i-Vista, said the final transfer of the two products will be effected in two years.

Earlier, the company developed iScribe for Web content management and iMorphus that includes access management while setting up an intranet. The company owns IP rights for a staff-scheduling software called `Who's On Call?', which is being used by healthcare organisations in the US.

i-Vista expects to earn a revenue of Rs 4 crore this fiscal. It also plans to hike its headcount from 40 to 100 by the year end.

The company plans to focus on the Indian SMB segment and expects to have an installed user base of 1 lakh in two years.

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