Whether
it is WAP-enabled mobile phones, interactive television that allows extending
the Internet into an ordinary television program or the ability to access any
content, anywhere, anytime; the convergence of the Internet, wireless and
broadcast television are changing the way people interact. At such a time, the
new economy is not looking for just innovation, but ideas that will drive change
at a much faster pace. Celstream Technologies is positioning itself as a
back-end software solutions provider in all the these new economy areas.
Fact Sheet |
Start-up Year: 2000 CEO/MD: Brijesh Wahi Management: Brijesh Wahi, Kunal Kashyap, Anirudh Mathuria, D Rajagopalan, John Abraham, K Sriraman, Naresh Victor, Ranga Raj, Vasu Krishnamurthy Partners and Alliances: ContentGuard, Grass Valley Group, Tektronix and Xerox Funding: ICICI Venture Funds, Grass Valley Group, Tektronix Products and Services: Software solutions and services Address: Samrah Plaza 4/2 St Mark’s Road Bangalore 560001 Tel: 2215535 Fax: 2215552 Web site: www.celstream.com Contact: Naresh Victor, VP, marketing E-mail: naresh.victor@celstream.com |
The company’s business model is currently aimed at
operating in three distinct areas–product development services, project
services (application services and consulting) and its own software for sale or
OEM activities. Celstream plans to build competencies in asset and media
management, rights management, Web casting, network management, embedded
systems, product development and networking protocols. Celstream has identified
the US, Europe and Australia as its key markets.
Funded by strategic investments from ICICI Venture Funds,
US-based Grass Valley group and Tektronix, Celstream began operations in April
2000 with a solid foundation. While Tektronix provides measurement solutions to
the global communication, semiconductor and computer industries, the Emmy
award-winning Grass Valley group is engaged in video and broadcasting–especially
digital video in interactive television, digital cinema, data-enhanced
broadcasting and the Internet. ICICI has made an investment that it says is
among the largest made in any privately-held organization. Other partners for
Celstream’s products include Xerox and ContentGuard.
Another striking fact about this company is that it has been
cash-positive ever since it commenced its operations. But it is feeding the cash
troughs of investors by accelerating product development, meeting market
introduction deadlines, expanding development facilities and opening marketing
offices in the US.
In its first year of operations alone, Celstream managed to procure contracts
worth $10 million, which will take its first year’s revenues to Rs 47 crore.
And that’s just the beginning. With funding and sources of revenue in place,
we expect Celstream to be among the happening companies in 2001. DQ