Novatium, a company I helped co-found about 5 years ago, has received a strategic investment from Ericsson. From one of the media notes:
Novatium Solutions Private Limited, a Chennai-based technology service company, has received a strategic minority investment from Ericsson India.
With this investment Novatium, a provider of managed utility computing, which has partners with telecom operators like Bharti, BSNL, MTNL and Tata, hopes to expand its market reach globally and gain expertise in deep rooted telecom infrastructure and operator relationships.
The company’s expertise lies in core computing environments like Linux development, hardware platform, media processing, product testing, research in networking and audio / video technology, network administration, Linux / Windows system administration, Linux internals, programming and X windows.
Novatium has two platforms of services in India, Nova Navigator and Nova netPC.
Ericsson envisions that in an all-communicating world, everyone can use voice, data, images and video to share ideas and information wherever and whenever they want.
This strategic investment in Novatium’s further strengthens Ericsson’s leadership position and commitment in India and beyond. It also brings Ericsson a step closer to its vision to be the prime driver in an all-communicating world and its mission to empower people, business and societies, said the Stockholm, Sweden-based mobile technology company.
Congratulations to Alok Singh and his team!