Salora International has formed a strategic alliance with Logic ++, a high-end R&D company in the Silicon Valley, to develop cost-effective internet solutions.
Salora will invest $2 million in the equity of Logic ++, subject to the Reserve Bank of India and other statutory approvals, according to a company press release.
The tie up is a strategic step by Salora to consolidate its foray into information technology.
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In the last few months Salora has promoted three information technology ventures. These are Jadoonet which provides a solution for internet access through television; Encompass Software which develops web enabling software solutions and FX Infotechnologies, which distributes information technology hardware through various channels. The tie up is another step in this direction.
Commenting on the tie up Sushil Jiwarajka, joint managing director, Salora International said, "this alliance will provide the tools and technology to provide end to end solutions in the Internet based e-commerce.
While, Jadoonet, Encompass Software and FX Infotechnolgies will provide the front end solutions to the Indian consumer, this tie up will complete the picture by providing the middle and back-end solutions using the same core technologies, Salora will have access to several high end products to respond to new market opportunities.
Logic ++ has been engaged in R& D for the last four years.
The core competencies of the company in US include system architecture, logic design, ASIC and PCB design as well as implementation.