Systems America's chairman & CEO Adesh Tyagi told eFE that the IT firm would be based in Bangalore. Over a period of five years, the company was targeting a personnel strength of 500 to 600 people.

He said the joint venture would concentrate on e-commerce, Internet and would integrate and Web-enable the entire product suite of Rockwell Software which currently develops software for Rockwell Group.

Tyagi said the joint venture was targeting to rake in $20 million in the first year to touch $100 million and $350 million during the second and fifth year of the operation respectively. Rockwell International group has an annual IT budget of $800 million, he pointed out.

Rockwell International currently markets Systems America's enterprise application solutions that integrate process control systems with the Internet in the US markets.

Tyagi said Systems America had five e-innovation centres including two in India (Bangalore and Delhi) with a total personnel strength of 220 including 75 in India. The company had plans to set up a mini design centre in Singapore, he said. The personnel strength in India would be raised to 400 within a year, Tyagi said.

Tyagi said the company was targeting a total business of Rs 67 crore from India alone against Rs 13.8 crore during fiscal '99-2000. During the first quarter of 2000-01, the company clocked in Rs 16.5 crore.

The company, which recently shifted its headquarters from the US to India, was planning an IPO to mop up Rs 55 crore to pump into various expansion activities in India and overseas. Systems America however is awaiting new guidelines from Sebi on book-building. The company would be listed on national bourses including BSE, NSE and DSE.

Tyagi said the company would focus on expanding globally. Other areas of the company would include development of innovative e-products, setting up of e-innovation centres and e-outsourcing using a mix of e-strategy, e-application, e-integration and e-sourcing.