KTwo Technology Solutions, a Bangalore-based two-year-old software products company, is planning to raise around Rs 15 crore to fuel its expansion plans. The company recorded revenues of Rs 11.56 crore for year-ending March 31, 2009, registering an organic growth of 83 per cent compared to the previous year. The EBITDA was Rs 1.61 crore, a growth of 128 per cent compared to the previous year. The company added 10 new clients during the year.
Established in February 2007, KTwo specialises in products and solutions that complete the last metre connection in an information link. “Last metre connectivity provides secure short range information transfer to enable end-user applications to seamlessly connect to supported services,” he detailed. Commenting on the results, Anant Koppar, chairman & CEO of KTwo, said, “Our consistent quarter-on-quarter and full year growth, both in terms of revenues as well as profitability points to a healthy trend for KTwo despite the global recessionary pressures.”
The company has built products like K-SpeaK - a Hands-Free-Car-Kit, KrysTalK - a wireless Headset, Cytosight - a Tele-pathology Product and Kshema - a Telemedicine Product in addition to the others. “Some of our products have already got traction with large Automotive OEMs,” Koppar added. Encouraged by this, KTwo has expanded its people and technology strengths in an effort to make inroads into newer markets and respond to fresh opportunity.
Koppar also said, “KTwo’s strong showing emerges from our capacity to offer a judicious mix of products and solutions in Last Metre Connectivity for a cross section of industries that include Healthcare, Automotive and Mobile Enterprises. We have attracted several seasoned professionals to pursue careers with us and have been successful in building a talented team of close to 200 employees.”
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As software development increasingly dominates the engineering process in consumer and industrial products the primary challenge today is developing high-quality, reliable software to embed in these products.
KTwo Technology Solutions is a products company driven by a winning top team of professionals who possess experience and knowledge in rolling out innovative new products in international markets. Operating on a well defined agenda KTwo harnesses the potential of Indian and Global talent pool to build and deliver world-class products tailored to varied budgets in a global market.
The key objective of the company is to build and consolidate products to create solutions that align high utility with value for the TCO. KTwo’s basket of products offers a point solution in itself or a combined bundle as a larger point solution. We also focus on building industry frameworks to serve as a basis for vertical solutions in niche industry segments.
Headed by Anant Koppar a visionary technology leader, KTwo is driven by a team of technologists and domain experts with extensive experience in rolling out new products in the market.
KTwo specializes in products and solutions that complete the Last Metre connection in an information link.Last Metre Connectivity™provides secure, reliable, high quality short range information transfer by means of wireless communication enabling substantial improvements in productivity and convenience. The concept of information anywhere, anytime and on any device is addressed by KTwo through itsLast Metre Connectivity™technology offerings.
PRODUCT ENGINEERING
KTwo can offer you a range of services to support your products and solutions in the market. Based on your specific needs, we can design and implement a structured program to assume and deliver a comprehensive range of services.
INDUSTRY SOLUTIONS
Our Industry Solutions apply and extend the principles of standard application development methods to meet the specific requirements of enterprise software products and solutions.
Apr 20, 2009
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