LatticeBridge plans overseas expansion, to float IPO

LatticeBridge Infotech, the Chennai-based information technology player and pioneer in speech technology space in the country, has firmed up plans to expand worldwide following its success in India and West Asia.

Speaking to Business Standard, Mohan Ram, managing director, LatticeBridge InfoTech, said the company will foray into the African continent in a few months.

"Our agenda is to expand the African market this year. The move follows the realisation that the four major African economies, South Africa, Kenya, Zimbabwe and Nigeria, are doing well," added Ram.

The company received venture funding of $2 million this year, which would be utilised for the expansion, he said.

The company, with its speech technology USP, is also eyeing the European market.

"We are looking to establish our presence in Europe and hope to do so by next year. Our first market in the European continent will be UK," he said.

The details will be firmed up after we establish our foothold in the African marketplace, he said.

The entrance into these markets is being worked out in such a way that LatticeBridge will have a direct presence and rope in a maximum of two partners in each of its domains.

The company operates in four verticals, including telecom, travel, tourism and logistics (TTL), BFSI and media & infotainment.