Bay Talkitec attracts US $2.5mn from NEA-IndoUS Ventures

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Bay Talkitec (P) Ltd., a company specializing in media convergence solutions for fixed line and wireless network, today announced that it has raised US$ 2.5 Million from the Venture Capital firm, NEA-Indo US ventures . The investment will enable the company to further deploy integrated audio and video services in the VAS segment for Mobile operators in India and worldwide, starting with South East Asia. Bay Talkitec is a market leader in Computer Telephony Applications for Indian Telecom users and has more than 2000 installations for its products, viz Interactive Voice Response Systems, Voice Loggers, Contact Center Solutions and VAS solutions. 

 

Bay Talkitec's Value Added Services delivery platform is an integrated solution to meet present & future requirement of carriers and operators to provide innovative applications like Voice SMS, Mobile Radio, Mobile TV, Video SMS, Video greetings, Payment Gateway, etc. The single chassis architecture is highly scalable and enables quicker development customization and deployment of services.

 

"This funding will help us deploy our entire field proven Audio and Video services in a single box and add new innovative applications, which will be our value proposition to the Mobile Carriers worldwide for increasing their ARPU" said Arunan, Joint Managing Director of Bay Talkitec.

 

"The rich experience gained in managing the large installation base of diverse applications and the freshly infused funds will enable us to build a strong team to propel our growth in the Mobile Video market" said Sheker, Joint Managing Director Bay Talkitec.

 

 "Bay Talkitec has impressive technological capability, an array of proven products, deployments and a platform that allows them to rapidly develop newer applications. They are leaders in 3G video related applications and our investment and support is to enable the company to aggressively market these products and become a global leader in convergent mobile VAS", said Dr. Kumar Shiralagi, Managing Director, NEA-IndoUS Capital Advisors. 

 

Sourced From: Equator Communications