Intoto achieves 1million units of deployment

Intoto, a provider of integrated security, wireless and voice software platforms to the networking and communication original equipment manufacturer, has announced that its software had been deployed across more than one million installations by its customers worldwide.

The Santa Clara-based venture funded company, which has raised close to $15 million so far, also unveiled a new corporate identity called the 'Software Original Design Manufacturer (ODM)', which would reflect correctly the networking and communication software platform capabilities for networking and communications original equipment manufacturers (OEMs).

Announcing this at a press conference, Sathyan Iyengar, president and chief executive officer of Intoto Inc, said that over 50 per cent of the consumer networking gateway OEMs are now integrating Intoto's software platforms in their products.

"We are very pleased that we have achieved the milestone of 1 million units of deployment by our customers," said Iyengar. Intoto, which is committed to invest $15 million in its Indian operations over the next five years, has also started its Chennai development centre.

"At this moment we have only about six people at our Chennai centre but this will go up to about 20 by the end of this year. Since we hire only highly skilled embedded professionals for our kind of work and they are hard to come by, we need to go to where the professionals are."

The company would look at setting up development centres in Bangalore and Pune also in the next couple of years. "Our idea is to stabilise our Chennai operations first and then look at expanding to other cities in India," said S N Murthy, president and COO of Intoto Software (India) Private Limited, the Indian subsidiary of Intoto Inc.

By the next year, the 170-people company expects to be 250-strong across its Indian and the US operations.

Iyengar refused to divulge Intoto's financials but said that the company was reporting profits from the previous year and was on course to double its revenues this year. A major portion of the company's revenues still comes from sales of licences while royalty revenues have not firmed up yet.