![]() Financial Daily from THE HINDU group of publications Saturday, Nov 12, 2005 |
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Info-Tech
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Software HelloSoft in expansion mode Our Bureau
HYDERABAD: Hellosoft India, a convergence and communication solutions provider, plans to expand its research and development as also marketing and sales teams to tap the growing market in the Asia-Pacific region. The Founder, Chairman and CEO of HelloSoft, Mr Yarlagadda Krishna, said the company is focussed on increasing global Voice over Internet Protocol (VoIP), Wireless Local Area Network-(WLAN) based solutions in the cellular markets and plan to grow by about 100 per cent year-on-year. Addressing a press conference here on Friday, Mr Krishna said the company's IP (intellectual property) offers designs that provide low-cost, high performance solutions for convergence devices and applications. The company now plans to increase its R&D and marketing teams to meet the current and the future product demands. This year, HelloSoft raised second round of $16 million in funding that was led by the Boston-based TD Capital Ventures and included Mitsui and Co, Venture Partners and Enterprise Ventures.
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