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Infy-Incubated Onmobile Pares Us Operations

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K Giriprakash BUSINESS STANDARD

Infosys-incubated OnMobile Systems, a provider of services for mobile subscribers, has scaled down its operations in the US, where it is headquartered and has shifted all its development work to India because of poor telecom conditions in North America and Europe.

Out of the 15 developers who were working in its US office, five have returned to India while the rest have left the organisation.

The company currently has 30 employees, including 20 developers. A year ago, OnMobile had 50 developers.

Infosys Technologies has around 20 per cent stake in OnMobile which was earlier called OnScan.

GSM Capital and H&Q, who are its existing investors, have 50 per cent stake, and the rest belong to the employees in the form of stock options.

 

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First Published: Dec 09 2002 | 12:00 AM IST

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