Catalytic software ropes in former TCS CFO

By SiliconIndia   |   Thursday, 25 March 2004, 08:00 Hrs
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HYDERABAD: Having ridden out the worst of the IT downturn and established a robust backend operation, high-end software testing and support services company Catalytic Software is now looking to an aggressive growth path in the coming years, reports Economic Times.

In a step towards this, the company has made a high profile addition to its top-level management, bringing in former TCS chief financial officer Mr Vinay Aggarwal as president of the company.

Apart from expanding the company’s US marketing network Mr Aggarwal, who was TCS’ CFO for well over 13 years, will also globalise Catalytic’s operations into Europe and East Asia. Former Microsoft managers Eric Engstrom and Swain Porter had set up Catalytic in 2000 with its offshore development centre in Hyderabad, which is more distinct for is unique dome shaped architecture.

While Mr Engstrom is credited with inventing DirectX, the technology that brought games to Windows and inspired the Xbox, Mr Porter specialises in display systems, systems software and device drivers. The company provides high-value software design, development and testing services for wireless and enterprise independent software vendors and OEMs, systems integrators and innovative technology companies.

Given his financial background and relationship with the banking and financial industry Mr Aggarwal’s entry is expected to result in some innovative funding options for the company for its ramp up drive.

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