Oasys Tech To Set Up Centre In Us

Oasys Technologies, a Bangalore-based information technology firm focusing on the securities market, has decided to set up a development centre in the US at an investment of around $250,000.

"The centre should be in place by mid of next year and is likely that it will be located near the Silicon Valley," Oasys Technologies chief executive officer Giri Devanur told Business Standard.

"Though setting up the centre will be an expensive proposition to Oasys Technologies, we will have the advantage of the time to market our product," Giri Devanur said.

The company has also lined up development centres in Mauritius and Malaysia. This is in addition to the one in India and the one planned in the US. The company expected to post a turnover of $1.5 million by December.

Oasys Technologies is also in talks with venture capital firms to gain management and marketing expertise.

"We are talking to Edelweiss for this, in addition to some of the well-known firms. We are not looking at funds from these firms but will gain a lot with their management and marketing expertise," the chief executive officer said.

Oasys Technologies' services include information technology consultancy, custom software development, vertical industry software packages, outsourcing and package implementation and support.

"Our mission is to provide quality solutions to clients by continuously honing in-house skills using latest tools and technology," he added.

The company, in addition to the recent alliance with IBM Global Solutions, has managed projects for blue-chip corporations such as Nations Banc Montgomery Securities, Infosys, Tata IBM, Compusystems, Datasoft Technologies Intelligroup and SIE of Ireland.