Updates

Promantra plans JV in Philippines

Promantra Synergy Solutions, a BPO for healthcare companies, is expanding its Indian operations and planning a joint venture (JV) in Philippines. The company has invested $1 million in India and plans to invest an equal amount over the next six months. Promantra has been chosen among the annual ‘Offshore-100’ round-up of top global suppliers by the offshore advisory consultant neoIT. The company has also been named among the top five rookies (new players) in global outsourcing services.

Dr Praveen Vadlamuni, CEO, Promantra, says, “We are planning to double the headcount from the existing level of 150 and negotiations for the JV in Philippines are in a advanced stage. We are in the process of releasing an integrated software suite for healthcare companies.”

Oracle introduces Carrier Grade Framework

Oracle has launched Carrier Grade Framework (CGF), a new initiative designed to help communication service providers (CSPs) and network equipment manufacturers (NEMs) leverage standards-based technology to meet customer demands and improve time to market for new services including high-speed broadband content and 3G mobile applications.

“Carrier Grade Framework will allow communication service providers and network equipment manufacturers to realise dramatic new cost efficiencies and speed time to market for new services,” said Andy Mendelsohn, senior vice president, Database Server Technologies at Oracle.

Paradyne files for IPO

Paradyne Infotech, a Mumbai-based software solutions provider has filed its draft prospectus with the Securities and Exchange Board of India (SEBI). The objective of the IPO is to raise funds for expansion, set up a data centre and call centre and upgrade its research & development lab.