Ambitious revenue target for Net Brahma

By Our Staff Reporter

BANGALORE, MARCH 20. Microland has spun off Net Brahma Technologies, the internext networking company, as an independent entity.

Mr. Pradeep Kar, Chairman and Managing Director of Microland, and Mr. Bhaskar Sharma, Chief Executive Officer of Net Brahma, told presspersons here on Tuesday that the spin-off would be effective this month. Mr. Sharma said the company had targeted a revenue of $ 23 million in its third year of operations.

Mr. Sharma said in the first year, Net Brahma's revenue was $ one million and the second year's target was $ five million. He said in three years, the company planned to become a ``leading provider of software technologies to makers of next generation networking and communications equipment.''

Mr. Kar described the spin-off as an opportunity for Net Brahma to charge ahead in global operations. The company had received an initial investment of $ two million from venture capital firm, J.P.Morgan Partners.

The company started operations in July 2000. It builds software products and solutions in the areas of IP quality service and traffic engineering, softswitches and network management ``that will help enhance the usability and experience of the next generation of internet". The company plans to build strategic alliances with technology companies. Moreover, it is in discussion with customers for the sale of its first products.

Mr. Sharma made a presentation of various products such as the NBT MPLS -- a portable, scalable implementation of the multi protocol label switching protocol and MGCP -- a technology for rapid development of call agent on the media gateway controller. Others in the pipeline include NBT iVPN -- an intelligent virtual private network and NBT SIP -- Net Brahma's implementation of the session initiation protocol.

The company plans business development offices in Texas in the U.S. as well as start operations in Europe. It already has offices in San Jose and Boston in the U.S.

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