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January 2001 PurpleYogi software designde for the enterprise - KM magazine Top Indian VC fundings - Red Herring India honors Zubin Mehta and Arun Netravali - Reuters IOC turnover set to surpass Rs 1,00,000 cr. - ET Marconi to Open $50M Center in India - PRNewswire Thames Water Selects Wipro as Strategic Partner - Business Wire Talisma Helps Road Runner manage their E-Customer Service - PRNewswire Dipesh Shah Joins U.S. Wireless as VP Engg. - PRNewswire Ommm
. . . PurpleYogi software designed for enterprise-class With the latest iteration of its distributed knowledge management software, PurpleYogi (Rakesh Mathur, founder and CEO) introduces enhanced user profile customization functionality. The Yogi is an intelligent, personalized, content discovery application that automatically links users to information of interest. The 2.1 release enables users to specify what topics the Yogi should link to them throughout the day. Users select topics by browsing or searching for them within Yogi's growing directory of several thousand interest categories. Users can also add topics of interest or remove topics that no longer interest them. The company reports its software enables networks to become “aware,” whereby they understand content and users at the edges of the network and pro-actively makes relevant connections between them. Discovery Systems classify documents into a taxonomy of concepts by comparing the statistical patterns embedded within documents against concept models created using proprietary advances in artificial intelligence, machine learning and information theory. Top
Indian VC Fundings It helps to have an early start and no major competitors in sight. That's the case with Munshikaka.com, an online provider of accounting services in India. Charging subscriptions that start at $10 to $20 for basic tax planning, the company also offers online tools for asset management and mutual funds. "The Internet offers a quick and easy way to simplify the complex process of accounting and tax planning," says K.N. Vaidyanathan, a cofounder and former business head of Morgan Stanley Dean Witter Investment Management. The company got an early lead by signing up 2,000 corporate clients of large private-sector bank ICICI. It got $1 million in first round funding from ICICI Venture Fund. Hong Kong trade publisher Pacific Netmarkets has marched quickly into the online arena as a pan-Asian e-commerce solutions provider. Now with second-round funding of $14.5 million from Twinwood Engineering, it intends to develop a network of B2B vertical marketplaces for a mix of businesses, including food supply, printing, and pharmaceuticals -- all from Asia. "Collaboration with our other Twinwood operating companies will enable Pacific Netmarkets to extend their range of solutions offerings, and to leverage our development centers in India for their operating businesses and their external customers across Asia/Pacific," says Anil Thadani, chairman of Twinwood, a Singapore-listed IT services company that is majority owned by Schroder Ventures Asia Pacific Fund. India
honors Zubin Mehta, Galbraith, Netravali NEW DELHI - India announced Thursday the award of its second-highest civilian honor, Padma Vibhushan or Special Decoration of the Lotus, to Indian-born conductor Zubin Mehta and US economist and diplomat John Kenneth Galbraith. Arun Netravali, the Indian-born president of Bell Laboratories, the research arm of telecommunications giant Lucent Technologies, was awarded Padma Bhushan or Decoration of the Lotus, the third-highest civilian honor. The three were honored in the government's annual awards list, receiving decorations rarely given to foreigners, although each has an Indian connection. Germany-based Mehta and US-based Netravali were born and educated in India and Galbraith served as US ambassador in New Delhi. India also awarded Padma Vibhushan to Japan's Hosei Norota and Benjamin Arthur Gilman of the United States for their contribution to public affairs. IOC turnover set to surpass Rs 1,00,000 cr NEW DELHI - INDIAN Oil Corporation is likely to become the first Indian corporate to post a turnover of Rs 1 lakh crore in the current fiscal with a net profit of over Rs 2,700 crore, up from about Rs 94,000 crore in the last fiscal year. IOC, the only Fortune 500 company in the country, posted a net profit of Rs 2,443 crore in the last fiscal. While improved performance of refinery division was expected to be the mainstay for profits, the corporation's marketing operations had come under pressure due to increased competition in the arena of decontrolled petroleum products, IOC sources Marconi to Open $50M Center in India to Develop Advanced Communications Products 9 January 2001, PRNewswire PITTSBURGH - Marconi, a global provider of advanced communications solutions, announced today that it would establish a major development center in Gurgaon, India which will work on the creation of leading edge products for global markets based on the broadband and switching technologies that underpin the Internet. Over the next five years, the company expects to invest at least $50 million in the center, which is due to be opened in April 2001. The new center will employ 50 engineers but this figure is expected to rise quickly to at least 200 engineers within 18 months, with additional support and administrative staff. "The reason we chose India for this investment is the high standard and number of engineers available here -- especially software developers. The Indian government aims to make India the number one software exporter in the world by 2008," Mr. Rob Meakin , Personnel Director of Marconi said. "The number of people leaving university with IT qualifications in India is twice the total in the USA, producing a highly-skilled and an exceptionally motivated workforce. Thames Water Selects Wipro Technologies as Strategic
Outsourcing Partner SANTA CLARA, Calif. - Thames Water, the largest U.K. water and wastewater service provider, announced it has selected Wipro Technologies as a key strategic outsourcing partner for application development, support and maintenance of its IS applications. Thames Water selected Wipro Technologies for this multi-million dollar deal after an exhaustive global selection process involving several leading global IT vendors. Wipro's Energy & Utilities solutions division has been working with some of the leading utilities in the U.S. and U.K., helping them meet the challenges of deregulation and of the New Economy. A similar relationship with BG-Transco, a leading utility provider in the U.K., has resulted in Wipro being awarded the "Best Vendor" accolade for a specific mission critical project; which was awarded the "IT Initiative of the Year" award from the Utility Congress in December 1999. Talisma Helps Road Runner Sports Manage Their E-Customer Service More
Efficiently SEATTLE - Making a commitment to go the extra mile for its customers, Road Runner Sports, the nation's number one resource for running shoes, apparel and accessories, has selected Talisma (founder - Pradeep Singh) - full service providers of robust and easy-to-use electronic customer service (eCRM) - to power its customer service organization. Road Runner Sports, Inc., founded in 1983 in Del Mar, Calif., has grown to become the nation's No. 1 seller of running shoes, apparel and accessories. Communicating with more than 4 million customers a year through its catalog, Web site, and retail store, Road Runner Sports prides itself on offering superior customer service, information and exceptional inventory. Headquartered in Seattle, Washington, Talisma has more than 625 employees worldwide, with offices in India, Europe, Asia, Australia and 15 cities across the U.S. The company has a rapidly growing list of more than 350 customers, including Real Networks, Exodus, Lowe's Hardware, MSNBC, NetGrocer.com, Advertising.com and BlueNile.com. Talisma is privately held with investments from Oak Investment Partners, Madrona Venture Group, The Carlyle Group, SeaPoint Ventures and Cedar Grove Investments. Dipesh Shah Joins U.S. Wireless Corporation as VP of Engineering SAN RAMON, Calif. - U.S. Wireless Corporation, a provider of wireless location and traffic information, today announced the appointment of Dipesh Shah, 35, to the position of Vice President, Engineering. Mr. Shah, formerly Senior Manager in Wireless Applications and Performance at Lucent Technologies Bell Laboratories, will be responsible for the continuing development of U.S. Wireless' RadioCamera(TM) system. "We are welcoming Dipesh Shah as the newest addition to our senior management team," said Oliver Hilsenrath, Chairman and CEO of U.S. Wireless. Mr. Shah holds a Master of Business Administration with High Honors from the University of Chicago, a Master of Science in Electrical Engineering from the Georgia Institute of Technology, and a Bachelor of Engineering from the L.D. College of Engineering in Ahmedabad, India. |
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