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DECCANET ANNOUNCES INVESTMENT FROM INTEL CAPITAL
BANGALORE, India, November 21, 2001 - Deccanet Designs Limited, a telecommunications solutions company, today announced that it had received an investment from Intel Capital. The investment will help Deccanet expand its product portfolio, operations and marketing capabilities worldwide.
Deccanet undertakes outsource research and development, and software development for telecommunications companies around the world. The company specializes in developing telecommunications and data communications products, as well as products that facilitate the convergence of voice and data communications. Deccanet also develops test automation tools.
Mr Venkat Rajendran, Joint Managing Director of Deccanet and the company�s other founder said, �Companies in the telecommunications space are under pressure to deliver highly sophisticated, fault tolerant products both economically and quickly. By focussing entirely on the telecommunications sector, we have built up expertise enabling us to customize pertinent solutions rapidly for customers internationally in conjunction with channel partners and telecommunications equipment manufacturers.�
�This investment will help us strengthen our position as a solutions provider in the telecom, datacom and convergence area through channel partners and telecom equipment manufacturers internationally� added Mr M. T. Karunakaran, Joint Managing Director of Deccanet and one of its two founders.
�The need of sophisticated, intelligent hardware designs and differentiated software from telecommunications industry based on standard building block platforms has been the driving force for more networking processing power. Intel Capital invests in companies, such as Deccanet, that provide products and services that supports the Internet Exchange Architecture,� said Avtar Saini, Director of South Asia, Intel.
About Deccanet
Based in Bangalore, India�s Silicon Valley, Deccanet is an expert design and product development services company tailoring solutions for equipment manufacturers, service providers and solution providers in the telecommunications sector. Since it was founded in 1994, the company�s services have been employed by major telecom clients worldwide. Deccanet is privately held and venture funded by investors including GVFL and TDA Capital Partners. Further information about Deccanet is available on the Internet at www.deccanetdesigns.com.
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel's strategic interests.
Contact:
Mr. M T Karunakaran, Joint Managing Director
Deccanet Designs Limited
(0091) 80 520 7777 or Cell (0091) 98451 74699
Email: /
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