NetDevices to double development team

NetDevices, a networking solutions provider, has announced plans to double its manpower across US and India over the next few quarters. The company presently employs 185 professionals and plans to double the team, with its core engineering team based out of Bangalore. It also has teams Hyderabad and Delhi.

The company, founded in July 2003 by a group of experienced networking professionals, also announced the launch of their first product, SG8 Unified Services Gateway.

This product, according to NetDevices, unifies onto a single device the functionalities traditionally performed by multiple devices such as routing, switching, firewall, intrusion detection and prevention, and voice over IP.

Announcing the launch of the product, Seenu Banda, founder, president and CEO, NetDevices said: "This services' unification improves services resilience and flexibility, lowers operating expenses and enables IT managers to respond rapidly to new service requirements while maintaining global management control of the enterprise edge."

This device will attempt enabling enterprises to build remote office networks that support enterprise business applications and protect critical data.

"This solution supports business works by unifying the processing and management of remote enterprise services to ensure they are always available, accessible and running at peak performance. An enterprise can improve the quality and reliability of branch office services, slash expenses, increase IT productivity and provide a rapid return on investment," Banda highlighted.

The company has so far secured 12 clients for the product with each box costing close to $15,000 with two dozen more clients testing out the product. NetDevices hopes to be cash positive within the next two years and plans to raise a second round of funding in the near future. It had raised $15 million when it started out from Artiman Ventures, Columbia Capital, Com Ventures and JumpStartUp.

In addition to this plans, the company plans to shift manufacturing to China and India from US so as to be close to the development base in India.