Hughes Systique Starts Indian Operations
Hughes Systique, an American communications software systems development company, has closed a fully funded financing deal with two major strategic investors to launch the company’s India development centre.
These investors are NextWave Wireless LLC, a wireless broadband development company, and SkyTerra Holdings Inc., a wholly owned subsidiary of SkyTerra Communications Inc., which is a 50% owner of Hughes Network Systems, LLC.
Pradeep Kaul, President and CEO, and Anil Sharma, Executive VP, will lead the Hughes Systique management. In addition, Pradman Kaul, Chairman and CEO of Hughes Network Systems, will serve as the Chairman of Hughes Systique (non-executive).
According to Hughes, the management of Hughes Systique are veterans from the telecommunications industry and directly responsible for the launch of three telecommunication companies in India as part of Hughes Network Systems, two of which have become successful public companies in India. The three companies are, Hughes Escorts Communications Ltd. (HECL), Hughes Software Systems, Ltd. (HSS), and Hughes Tele.com (India) Ltd. (HTIL).
Allen Salmasi, Chairman & CEO of NextWave Wireless said, “I have the deepest admiration for this team and the past successes they have had both in the U.S. and in India. We expect that they will become a major supplier of sophisticated telecommunication systems in a wide range of cutting-edge applications. NextWave expects to take full advantage of their resources as an extension of its internal development resources in the emerging 4G wireless products and services arena.”
Jeff Leddy, CEO of SkyTerra Communications said, “I have known the principals forming this company through our significant investment in Hughes Network Systems, a world leading supplier of equipment and services for satellite communications. We believe Hughes Systique will provide an exceptional technology base as an outsourced development center for telecommunications software systems. We are excited by the opportunity.”
Pradman Kaul said, “We are proud to be backed by SkyTerra and NextWave, two well financed, technology promoting companies in the U.S., with a focus on expanding their presence globally and especially in India. We look forward to a long-term relationship servicing their portfolio of companies and the broadband community at large. Hughes Systique is ready to play a major role as a developer and exporter of both products and services in the global broadband wireless and wired marketplace.”
Hughes Systique will also support other application areas such as wireless based networking, RFID enterprise applications and multimedia applications for in-home broadband entertainment networks. According to Hughes, Hughes Systique is uniquely positioned to service these markets with both the extensive experience of its management team and the opportunity provided by its strategic investors. Hughes Systique will provide a development edge to all its customers in time to market, lower development costs and state-of-the-art solutions.
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