Zylog Systems Vice-president (Business Development) John Mehrmann said the software is primarily aimed at creating a database of products to be recycled and information on partners involved in the process.
The Chennai-based company expects to launch the software, 'Recycle Accelerator', in the country during October-November.
The new product would help in connecting all the partners, including manufacturers, recyclers, collectors and buyers of the materials for reuse, he added.
The company has already spent about one million dollars for development of Recycle Accelerator and would be investing another one million dollars.
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Recycle Accelerator would enable manufacturers, recyclers, collectors and buyers to share information and strengthen communication on tracking, among others.
Further, Zylog Systems would be partnering with makers of electronic products and other service providers to create a network of stakeholders involved in the process of recycling e-waste, and is already in talks with some of them.
Zylog Systems Senior Vice-president (Enterprise solutions) Ananth Chaganty said, "Most of the big makers have shown interest in partnering with us. However, they themselves will announce the partnership soon." He, however, did not divulge the name of the companies Zylog is in talks with.