Gemini Communication buys out US-based PointRed Technologies

MUMBAI: In a bid to get a global presence, Gemini Communication Ltd, a provider in networking, systems integration and RFID solutions, is buying out the US-based PointRed Technologies for an undisclosed amount.

The acquisition of the wireless product company will help the Chennai company foray into a new segment. "We were implementing solutions on other product providers. Now we can provide solutions and offer an innovative product range. The buy out will help make us the largest broadband wireless access company in South Asia," says Gemini Communication chairman Vijay Kumar.

PointRed Technologies has a presence in 12 countries with a turnover of $1.5 million. The company has been funded by Acer Technology Venture America to the tune of US $9.7 million.

"We will be getting into the DSL (digital subscriber line) segment. It will also help us in expanding rural connectivity. We will be aggressively targeting ISPs (internet service providers), telecom operators and corporates with multiple points," says Kumar.

Gemini Communication is acquiring the entire share capital of Clear Blue Llc, the holding company of PointRed Technologies. The company owns IP‘s and IPR‘s products in the wireless broadband space.

PointRed has been commercially deploying its wireless broadband access solutions worldwide since June 2002. The company offers a pay-as-you-grow infrastructure and a NLOS solution that route around line-of-sight obstacles.

The acquisition of PointRed is expected to increase Gemini‘s turnover from Rs 1.26 billion to Rs 2 billion this fiscal. "Over the years, Gemini Communication has been selling products of other companies. Through this acquisition, we will now be promoting our own brand and this will enable us to access the international markets in a shorter span of time in the wireless technology space", says Kumar.

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