The Hindu : Neoteris' India operations

Online edition of India's National Newspaper
Saturday, Jul 13, 2002

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Business

Neoteris' India operations

By Our Special Correspondent

HYDERABAD JULY 12. Neoteris Inc. of the U.S. based venture-backed company, which introduced the industry's first instant virtual extranet (IVE) appliances, announced the setting up of Indian operations through its wholly owned subsidiary Neoteris Software India at Hyderabad.

Speaking to The Hindu here on Thursday, Krishna Kittu Kolluri, CEO of Neotoris Inc, and Alok Kothari, MD of Indian operations, said they would be investing $500,000 this year and about $1 million next year with 30 to 50 people eventually working in Hyderabad.

Set up in 2000 by Jim Clark, co-founder of companies such as Netscape, and Healtheon, Neoteris raised $20 million venture funding in two tranches, the second one in January this year. It developed and released in November two products `EmployeeAccess' and `PartnerAccess', while two more are in `development mode', and expected to be out by mid-2003, they said.

With focus on remote access and Internet security, the company's products provide benefits of Virtual Private Networks (VPNs) and custom extranets with improved security.

They enable employees and partners to access selected corporate network data instantly without the need for incremental hardware or software, Mr. Kolluri said.

It is also in the process of setting up an office in the U.K., and signing up 3-4 resellers in the Japanese market.

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