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Bangalore, April 10

KTwo Technology Solutions, a Bangalore-based product company, said it completed its first year of operations and posted revenue of $1.58 million for the year ended March 31. Speaking to Business Line, Mr K.R. Krishnamoorthy, Executive Vice-President, KTwo Technology, said revenue for the fourth quarter was $686,000 up from $646,000 in the third quarter. For the second quarter, it had revenue of $191,000, compared with $58,000 in the first quarter.The co mpany said 70 per cent of its revenue comes from products. It specialises in products and solutions that complete the last metre connection in an information link. Last Metre Connectivity provides short-range information transfer by means of wireless communication. Mr Krishnamoorthy said Europe, the US, South-East Asia and India are important markets for the company. KTwo sees strong growth in the Indian market in 2008-09.

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