eCapital Solutions targets $100 million revenues by 2004; to unveil new package
eCapital Solutions India Pvt Ltd
ecapsol.com
Indocean Chase Capital Advisors
indocean.com
Current Portfolio
indocean.com
Kavitha Rajasekhar & Mini K Joseph
Bangalore, Nov 7: eCapital Solutions India Pvt Ltd, a $8 million venture funded by Chase Manhanttan and CIBC Oppenheimer Organisations is set to hit the Indian market with latest product eVector. The company has set a business target of $100 million by 2004. The global product seeks to cater to niche customer market. This frame work networks various services and utility facilities making it available on a mobile telephone.
eCapital general manager (financial services) Deepak Nakil told The Financial Express that the technology basically put to use the Wireless Application Protocol (WAP) available on certain brands of mobile phones like Nokia (7110 Communicator). He said, "WAP phones will hit western markets in about three months and are funtional in Finland on an experimental basis. India will however take some more time to have the device."
On the features of the device, he said a WAP phone would allow for easier information flow and better representationn of graphics, besides a larger brandwidth.eVector however would function on existing mobile phones as well and would use SMS (short messaging services) technology used in mobile phone networks.
Currently, the company was looking at tying up with large customer care services, banking facilities and service sector industries for the project. Talks were already on in Hyderabad, Bangalore and Delhi, he added.
Worldwide, the company has already tied up with over seven large corporates and service providers and the services are already functional. In India, the company was targeting five big business customers and corporates to also be a partner in next six months.
"The project is in line with the company's focus to be a software developer and solutions provider leveraging Internet based-services,"said Nakil. eVector would enable a user to access almost all services on his handset. The service charges would be as per the limit set by the service provider. The monitoring and flexible framework would assist a provider in keeping track of hiscustomer's transactions. According to him, the services could range from banking transactions, utility payments, Internetnet access over mobile phones and messaging etc.
On other areas of operation, Nakil said the company has plans to tie up with a US-based firm to develop a solution for a one-to-one marketing and sales product and implement it.
financialexpress.com |
