PortWise launches Indian operations

By SiliconIndia   |   Tuesday, 25 November 2003, 08:00 Hrs
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MUMBAI: Swedish software major PortWise launched its operations in India on Monday, even as it is planning to set up a global customer care centre and recruit around 80-100 personnel for client service and another 12-15 people for sales in western region within a year.

"India is an emerging market in mobility security, network connectivity and Business Process Outsourcing (BPO) sectors and the majority of growth in SSL-VPN segment is expected to be from India," PortWise vice-president (strategic development) Kaushik Thakkar told reporters in Mumbai.

Thakkar, quoting a study, said SSL-VPN market worldwide is expected to grow to $986 million by 2005, with 80 per cent of corporates having "some form of mobile security".

The growth would be mainly from the three emerging markets, Russia, China and India, he said.

PortWise, a major player in SSL-VPN segment, is planning to set up a global support centre and software development centre in Bangalore by April and a testing centre within a year's time, he said.

The company would recruit 80-100 people for its support centre, while another 12-15 would be recruited for sales from the western region, he added.

The software major had posted a revenue of around $1 lakh in the last fiscal and expects to post around $4-5 lakh in this fiscal, he said, adding a part of this would be invested in the country.

It has received a total funding of 10 million pounds from Cazenove Private Equity, a part of which would also be pumped into the country, he said.

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