KTwo sales at $1.5 mn

KTwo Technology Solutions (KTwo) in the first year of its operations, has posted a topline of $1.58 million and has added that they achieved break-even during the period.

Established in early 2007, KTwo specialises in products and solutions that complete the last metre connection in an information link.

Last Metre Connectivity provides short range information transfer through wireless communication enabling productivity and convenience.

The concept of information anywhere, anytime and on any device is addressed by KTwo through its Last Metre Connectivity technology offerings for companies operating in the healthcare and automotive sectors.

Anant Koppar, Chairman & CEO, KTwo said that consistent quarter-on-quarter growth both in terms of revenues as well as profitability and an operating margin of 11.2 per cent signify a good beginning for KTwo.

KTwo has added 13 clients this year with a product to solutions revenue mix of 70:30. KTwo during the early years opened a centre at Belgaum and expanded its sales team with worldwide sales and marketing head based in London and regional sales manager based in California.

The total employee strength now stands at 150. KTwo is a partner for design and manufacture of modules for Texas Instruments' Bluetooth Applications Business.

KTwo is also a member of the Intel India Design House Program and is a Microsoft Embedded Partner.