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Bay Talkitec attracts funds from NEA-IndoUS Ventures
Bangalore, Chennai, January 1, 2008: Bay Talkitec, a company specializing in media convergence solutions for fixed line and wireless network, today announced that it has raised US$ 2.5 Million from the Venture Capital firm, NEA-Indo US ventures. The investment will enable the company to further deploy integrated audio and video services in the VAS segment for Mobile operators in India and worldwide, starting with South East Asia.

Bay Talkitec is a market leader in Computer Telephony Applications for Indian Telecom users and has more than 2000 installations for its products, viz Interactive Voice Response Systems, Voice Loggers, Contact Center Solutions and VAS solutions.

Bay Talkitec's Value Added Services delivery platform is an integrated solution to meet present & future requirement of carriers and operators to provide innovative applications like Voice SMS, Mobile Radio, Mobile TV, Video SMS, Video greetings, Payment Gateway, etc. The single chassis architecture is highly scalable and enables quicker development customization and deployment of services.

"This funding will help us deploy our entire field proven Audio and Video services in a single box and add new innovative applications, which will be our value proposition to the Mobile Carriers worldwide for increasing their ARPU" said Arunan, Joint Managing Director of Bay Talkitec. "The rich experience gained in managing the large installation base of diverse applications and the freshly infused funds will enable us to build a strong team to propel our growth in the Mobile Video market" said Sheker, Joint Managing Director Bay Talkitec. "Bay Talkitec has impressive technological capability, an array of proven products, deployments and a platform that allows them to rapidly develop newer applications. They are leaders in 3G video related applications and our investment and support is to enable the company to aggressively market these products and become a global leader in convergent mobile VAS", said Dr. Kumar Shiralagi, Managing Director, NEA-IndoUS Ventures.

About Bay Talkitec

Founded in 1991, Bay Talkitec is an established and leading provider of Computer. Telephony products & services for Telcos, Contact Centers, and Enterprises. Bay Talkitec's core strength lies with its R&D investment to maintain leadership in computer telephony earlier and video telephony recently. The products and services developed by Bay Talkitec's team have been enhancing customer service experience worldwide. Bay Talkitec has large presence in the Indian market, successful deployments in Singapore, USA, Bangladesh, and aggressively expanding in the international markets to capture the upcoming mobile video market worldwide. For more information, visit www.baytalkitec.com

About NEA-IndoUS Ventures

NEA-IndoUS Ventures is a venture capital firm based out of Bangalore, India and Silicon Valley US. The firm is dedicated to creating technology and technology enabled innovative companies out of India that serve both the Indian and the global markets. The firm invests in early and mid-stage companies; the firm's partners have the unique experience and expertise to nurture entrepreneurs and actively help the development and scaling of promising companies. In addition, a significant partner in this fund is New Enterprise Associates (NEA) who is a sponsor and active advisor. This network of collective relationships and experience is an invaluable asset to entrepreneurs and portfolio companies. For additional information, visit: www.neaiuv.com



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