PI Corporation partners with Aditi to open a Design and Development center in India
PI Corporation, founded by Mr. Paul Maritz, ex Group VP, Microsoft, today announced its partnership with Aditi Technologies, for its core design and development center in Bangalore. PI Corporation is developing next generation software that targets the coming changes in the way information is stored, retrieved and viewed. The framework is initially targeted at the Linux environment. Mr. Paul Maritz and Warburg Pincus, a prestigious global VC firm with a proven track record of investing in software companies, are funding the PI effort together.
Bangalore (PRWEB) May 14, 2004
PI Corporation partners with Aditi to open a Design and Development center in India - Moving from personal computing to personal information. PI Corporation, founded by Mr. Paul Maritz, ex Group VP, Microsoft, today announced its partnership with Aditi Technologies, for its core design and development center in Bangalore. PI Corporation is developing next generation software that targets the coming changes in the way information is stored, retrieved and viewed. The framework is initially targeted at the Linux environment. Mr. Paul Maritz and Warburg Pincus, a prestigious global VC firm with a proven track record of investing in software companies, are funding the PI effort together.
PI is partnering with Aditi Technologies to identify and build the core team that will be the foundation of the design & development center in India. The PI team has a strong group of technology gurus who will work with the India center to create this mainstream product from scratch. Aditi will also help the PI core team to scale up to a full-fledged engineering team and further extend all infrastructure support to PI Corporation, India.
PI expects to release software targeting various platforms in free (open source) and licensed forms. The software will impact the needs of not just corporate but mainstream personal information users.
Speaking at the inauguration Mr. Paul Maritz, Founder & CEO, PI Corporation, said, “The greatest change in the computing landscape over the coming years will be the availability of cheap, ubiquitous bandwidth, both wired and wireless. PI technologies will let users exploit this change to the full – be able to consume, publish and share information in new and easy ways. . With Aditi’s help we are sure to build the most efficient and talented team to build the technologies”
Mr. Pradeep Singh, Chairman & CEO, Aditi Technologies, said, “Ten years ago, Aditi was founded with the mission to build world class software product development teams in India. Four years ago we incubated and spun out Talisma. Today our partnership with PI, founded by Paul Maritz, one of computing's global leaders, is proof that Aditi is successfully accomplishing its mission of injecting software product development capability in India Inc.”
The computing industry is experiencing 3 dramatic trends: Spread of inexpensive broadband connectivity; continued leaps in computing hardware capacity; and the growth of mature, inexpensive software environments; An example being the emergence of the Linux desktop as a low-cost, robust alternative to the Windows operating systems.
Recognizing these trends, PI Corporation is all set to provide an environment to breakout of the current limitations of storing, retrieving and viewing information on PCÂ’s and other devices. PI (Personal Information) is all information that an individual receives, sends, authors or uses in the process of communicating, collaborating, and working with applications. PI will provide tools and infrastructure for individuals to work with this set in a consistent and productive manner, across machine and corporate boundaries in a secure manner. PI will develop products that run across multiple operating systems, with the Linux user base and their products as the initial target
About PI Corporation
PI is founded with a vision of enabling users to work in better ways in a highly connected world. PI has on its team technology experts in various domains from around the world; however, the core design and development center for PI has been setup in India. The company is funded by Warburg Pincus, the top private equity and venture capital firms in existence today. For more details visit www. picorp. com
About Aditi Technologies
Aditi was founded in 1994 in India with the vision of developing software products for global markets. Aditi developed numerous products for Microsoft and many other clients. It incubated and spun off a CRM company, Talisma, whose entire product suite was built in India. Aditi has 350 employees with development centers in Bellevue, WA and Bangalore, India. Aditi is recognized as one of the best employers to work for by independent studies. For more details visit www. aditi. com.
About Warburg Pincus
Warburg Pincus has been a leading private equity investor since 1971. The firm currently has approximately $9 billion under management and $5 billion available for investment in a range of sectors including information and communication technology, business services, energy, financial services and technologies, healthcare and life sciences, media and real estate. Warburg Pincus has invested more than US$800 million in India, including Bharti Tele-Ventures, Gujarat Ambuja Cement, HDFC, Moser Baer, Nicholas Piramal and Venture Infotek. The firm also has a long history as a leading investor in the Information Technology sector, including founding investments in BEA Systems and OpenVision Technologies (which merged with VERITAS Software in 1997) and growth capital to Apar Infotech. Warburg Pincus is an experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value and has an active portfolio of about 125 companies. For more information, please visit www. warburgpincus. com.
For further information please contact:
Swati Rangachari, Manager Corporate Communications,
Swaitr@aditi. com, 9845440442
Suren, Mutual PR
Schawla@mutualpr. com, 9844094951
