Monday, October 21, 2002
Hughes Software Systems (HSS), specialist in convergent networks
& India's leading communications software company's Sigtran
offerings have been deployed by eServGlobal, a worldwide supplier
of telephony network infrastructure and services, to offer
prepaid mobile services over a call agent/softswitch.
The HSS Sigtran & SCTP stacks have successfully inter-operated
and have been integrated with the other network entities as
part of eServGlobal's enhanced service offerings over IN,
which has been tested and is in deployment phase in with Excelcom,
Indonesia's third largest mobile
operator.
"HSS has always believed in delivering customer value
by providing cutting edge products for next generation networks"
said Arun Kumar, president & managing director, HSS.
Earlier this month, HSS announced a partnership with MontaVista
Software Inc., a company powering the embedded revolution.
This partnership brings together the market leaders in carrier
grade Linux edition and communication protocol stacks (Wireless/3G/2.5G,
VoIP and SS7) in offering best of breed solutions to the original
equipment manufacturer (OEM) market place.
HSS is a leader in providing GPRS, UMTS as well as VoIP software
to OEMs. In order to further de-risk its business, HSS has
decided to enter the business process outsourcing (BPO) segment.
This will be started as an independent operation.
HSS is a subsidiary of Hughes Network Systems (HNS), a unit
of Hughes Electronics Corporation (HEC). HNS is a networking
company, dedicated to providing products and services to build
and operate digital communication networks worldwide. HNS
is the world leader in VSAT-based networks. HEC is a world
leader in the design, manufacture and marketing of advanced
electronic systems. It is a wholly-owned subsidiary of General
Motors Corporation, USA.
HNS India Inc. is the principal shareholder in HSS. Last
year, HSS underwent change in its parentage after General
Motors entered into an agreement to sell Hughes Electronics
Corporation to EchoStar Communications Corporation (HEC) for
$25.8 billion in cash and stock. HSS derives substantial revenues
from HEC, which may continue in the near future.
As on 30 June 2002, the promoter's holding in HSS was 55.57%,
while institutions and public held 15.9% and 10.4%, respectively.
The HSS scrip closed 0.63% higher at Rs 150.85 on the BSE
today, with a volume of 10,67,070 shares.
Last updated : February 2, 2004
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