Subex has signed an agreement to sell its activation business to NetCracker, a US-based telecom operation support system provider which is part of the $40 billion NEC Group, for an undisclosed amount.
The activation business posted $15 million (Rs 67 crore) revenue in 2010-11. It came to Subex with its acquisition of Syndesis (of Canada) in 2007 for $165 mn. As part of the agreement, about 100 people in this business would move to NetCracker.Subex’s activation business consists of service fulfilment solutions and products such as NetProvisioning, NetOptimiser and Vector. The business was running at a loss until the last financial year, when it managed to break even. The company expects that sans this business, the Ebitda of its product business would be able to go up to 39 per cent as against 33 per cent last year.[source]
Former Managing Director of Microsoft IDC – Mr. Srini Koppolu joins Setu as Chairman
Founded in 2008, SETU is a technology company with strong research foundation, primarily focused in the areas of search and information access technologies using text and natural language processing.
Dr. Prasad Pingali and Prof. Vasudeva Varma, research professors at IIIT-Hyderabad, set up the company with the vision of bridging information access barriers using technology.
SETU, which was spun out of a research lab in IIIT Hyderabad after years of R&D by its founders, provides enterprise solutions in the areas of Local Language Search, Enterprise and Semantic Search, Social Media Monitoring and Automatic Text Summarization. The client list of the company includes Samsung, Rediff, Manipal Universal Learning and many government agencies. The company supports search in more than 70 world languages through its Local Language Search technology.[source]
Gears of War 3 Launched: The Final Battle Begins
Microsoft India has launched the much-anticipated Gears of War 3 for Xbox 360, the final installment of one of the most-awarded sci-fi third person shooter video game and single most popular franchises in the history of Xbox. Developed by Epic Games exclusively for Xbox 360, Gears of War 3 takes you into an engaging and harrowing thriller of hope, survival and brotherhood. The game will be available Standard and Limited editionsat an estimated retail price of Rs. 2,499 and Rs. 3499 respectively. Further, the blockbuster title will be available for multiplayer action on Xbox Live.[source]
Pakistan threatens to block Google
Pakistan has threatened to block Google as its administrator was not helping the country’s premier investigating agency in nabbing people involved in cyber crime.
Interior Minister Rehman Malik said the administrators of internet-based search engines like Google and YouTube were not supporting the Federal Investigating Agency (FIA) to tackle cyber crime.[source]
TNS launches the TRI*MT Digital Reputation Manager Inbox X
TNS has announced the introduction of its TRI*M Digital Reputation Manager, designed to help companies to understand the drivers of reputation in a digital environment and tailor their communications approach to protect and strengthen their corporate brand.
The TRI*M™ Digital Reputation Manager identifies the exact drivers of digital reputation for an organisation and makes precise recommendations of actions that will support long-term growth.[source]