Category — Information Technology
Chinese officials have started invoking their 2008 anti-monopoly laws to probe local business practices by U.S. technology companies. The consequential soured business environment is one of the reasons that San Jose, California based Adobe Systems Inc. has declared that it will close its R&D center in China.
Other concomitant factors for this closure include rampant software piracy in the country, as well as the company’s shift toward a cloud-based software-as-a-service business model and away from one-off boxed sales of software and licenses.
“Adobe’s presence in China will be focused on market development activities moving forward, and it will be dissolving and closing its research and development branch there,” the company said. “Adobe will maintain its sales presence in Shanghai, Beijing, Guangzhou, Shenzhen, Hong Kong and Taiwan.”
November 19, 2014 No Comments
“500 million people will be coming online over the next three to four years on inexpensive smartphones,” said Vivek Wadhwa, an Indian-American academic and entrepreneur. “This will create an Internet revolution that will make our (American) dot-com boom seem lame.” These soon-to-be connected consumers are also young — making them an ideal e-commerce target.
By 2050, India is expected to be the most populated country with the largest economy, according to Pew. Half of its 1.25 billion residents are currently under the age of 25 — and by 2020, India is set to become the world’s youngest country with an average age of 29.
Microsoft has tuned into this. This month, the company announced plans to bring free Internet access to India with three data centers throughout the country. CEO Satya Nadella said the company sees a large opportunity in the Indian market. According to Sharad Sharma, an angel investor based in Bangalore, the majority of India’s startup talent is coming from the country’s multinational R&D centers such as Google, HP and Cisco. As cloud-based solutions have grown, the need for these IT hubs has slowed. This has many Indian entrepreneurs leaving the corporate world and launching startups. Venture capital funding to Indian startups is up 261% from 2013, totaling $3.86 billion to date, according to PrivCo which trackes private company financial intelligence based from New York.
“Employees are starting to feel stagnation as parent companies slow down,” said Sharma. “Essentially, these employees are going from building global software products for [corporations] to building them for their own startups.”
November 17, 2014 No Comments
Citrix Systems, the Software maker based in California, has chosen Tuebora, a Bangalore-based startup for an investment. The technology provider is the second Indian venture to make it to the Citrix Startup Accelerator in Silicon Valley after Grexit, chosen in 2011.
Tuebora will now have access to Citrix products, partner channel and global customer base. Moreover, it will also acquire a seed capital of $250,000 and get office space in the Valley for the next 18 months. The market for identity and access governance solutions is growing at 30%-40% annually, according to research company Gartner. Tuebora, which has been running pilots for their technology at various companies, found numerous instances of undesired access granted to employees. The company, with headquarters in California now, has already filed three patents for its technology.
April 19, 2013 No Comments
According to the online e-commerce giant eBay, it expects that 12% of its sales will be coming from BRIC countries by 2015 in a global e-commerce market that will be worth $300 billion. Moreover, the company plans to lead a $50 million, Series C investment in Snapdeal (an online marketplace in India) with 20 million users. It will make eBay a minority shareholder in the company, and this Series C investment means that Snapdeal has now raised about $102 million in funding since 2010, with the previous two investments being $12 million in January 2011, and $40 million in September 2011.
This also represents one step further for eBay in India. Indeed, the company already has a full subsidiary in the country (eBay India), with 5 million users. In addition, eBay already has a strong business outside of the U.S. In its analyst day last week, Wendy Jones, VP of geographical expansion and cross border trade, noted that 61% of its Marketplace revenue comes from non-U.S. markets.
April 19, 2013 No Comments
HP has over 100,000 employees in India serving American and global needs. But it also has a vibrant India business.
Here are excerpts from an interview of Neelam Dhawan, head of Hewlett Packard’s personal computer business in India.
From a business perspective, what is working for HP in India?
India is a PC and printer market first. When I look at the top line, we do very well in the PC and printer business. We have more than 50-60 per cent market share and printers, maybe more. We have complete leadership position in the printer business. In PC, we lost market share sometime ago. We are No.1 by far in servers. Networking and storage, we are catching up. So when I look at it overall, we have a dominant share of each and every market we play in. Some of it gives us top line and some of it gives us gross margins. We are not a high-margin country as of now.
Lenovo has overtaken HP in the PC market. Your views?
In India, if you look at it, we are No. 1 where the consumer market is concerned. Business desktops are a concern – that’s where we lost the market share. The desktop market we lost to Lenovo. When I look at consumer laptop and business notebooks, we are number one. The desktop market is shrinking right now.
(Note: HP is an Amritt client. The information above is100% from public sources)
March 15, 2013 No Comments