To this end, the company has set up its development center in Bangalore as part of its focus on leveraging the Indian IT pool and exploring the Indian market for business opportunities. The company has so far invested approximately Rs 2 crore in the centre which will house close to 100 engineers by early next year. Development centers in Hyderabad and Chennai are also in the pipeline.

Also on the cards, is a Deutsche Mark 4 million investment towards a development center in the US and a full-fledged data center. The company is also evaluating setting up a large scale data center in India.Amadee Technolgies manager, strategic global partnership, Franz Josef Telaar told The Financial Express that the company was focused on Internet technology-based solutions, work flow automation, creating and integrating back-end infrastructure to e-enable and network organisations.

"The entire e-enabled networks are routed through our data center in Germany facilitating round the clock exchange of information, scalable networks and infrastructure for enabling the companies to use the net to integrate all their applications and processes," Mr Telaar said.

Amadee's current focus markets were Europe and Asia and the company currently had five key clients (four in Switzerland and one in US), he said. Starting now, Amadee is looking at increase its customer base across the growing new market segments especially in Asia.

"Our strategy is to first leverage the IT expertise in India. In the second phase, we are also looking at full-fledged marketing operations in the region. We are planning strategic co-operative alliances in areas like data centers, alliances with consulting firms and acquisitions once the company's operations in India have stabilised,'' Mr Telaar said. Amadee reported revenues of Rs 4 crore (2 million dm) last year.

... plans listing at Frankfurt bourseAmadee Technologies is currently drawing up plans for a listing on the Frankfurt Stock Exchange early next year. While the exact modalities are currently being worked out, the company is planning to go in for a second round of valuation prior to the IPO. Europe-based venture capital fund - 3i Capital - which came on board two years ago, pumped in approximately 30 million dm. Amadee was valued at 3 billion dm by 3i Capital.