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ShareLogic to invest in Hyd center
By siliconindia
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Thursday, 30 September 2004, 19:30 IST
HYDERABAD: ShareLogic Inc., a Connecticut-based software services firm with an R&D center in Hyderabad, plans to invest $2 million to further its product development and marketing operations in India.
Talking on the sidelines of the product launch of EDGE-Enterprise Driven Group Environment-- ShareLogic president, VS Reddy Adla said, "We are also planning to double the headcount by the middle of the next calendar year from the present 45."
The company posted revenues of $1.8 million in 2003-04 and is targeting revenues of $4 million in the next financial year. Elaborating on the plans to achieve the set target, ShareLogic COO, Dilip Reddy said, "We are expanding our markets across Asia and have plans to open our offices in Malaysia and Dubai by the end of 2005."
The end user license fee for EDGE is Rs 50,000 and the company expects to sell around 11,000 copies by the end of next calendar year. Talking about EDGE, Reddy said, "It is a collaborative suite of services that address the work and knowledge management needs of an enterprise."
A modularized J2EE application, EDGE could be deployed over multiple application servers and is bundled with open source products that help in minimizing the total cost of ownership.
EDGE addresses the existing communication, co-ordination and collaboration concerns of distributed work forces by providing a common platform for effective and enhanced productivity in an organization, added Reddy. He further said that the company plans to partner with other companies who have a presence in other countries to market its product.