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DataTic Technologies, Inc. forms Indian Subsidiary.
DataTic Technologies, Inc, the technology company providing real-time pricing information, announced the formation of an Indian subsidiary, DataTic Technologies India (P) Ltd. The new entity, based in Pune, India, will focus on both technical development and regional sales for DataTics SyphterTM technology.
The deal was signed with Indiaco.com, a leading Incubator located outside of Bombay, to provide logistical support and services.
We are excited about this opportunity to establish our presence in the Indian market," said Rock Clapper, CEO of DataTic Technologies. This marks the initiation of the first stage of our international expansion strategy." According to Eric Hassman, Vice President of Business Development, We view the Indian market as offering significant opportunity in the areas of both efficient technical development, and as a major market for our technology."
From Indiaco.coms perspective, the deal is an exciting addition to their portfolio. We see DataTic Technologies as a major player in the development of fast moving commodities markets," said Rahul Patwardhan, CEO of Indiaco.com. We are happy to be able to facilitate DataTics expansion into the Indian marketplace."
About DataTic Technologies, Inc.
DataTic Technologies, Inc. provides a unique Internet-based information platform technology to bring real-time, accurate prices and volume to online and offline markets across various industries. Its principals are Rock Clapper, former CEO of Silicon Valley firm GotSavings.com and Richard Kaiser, a veteran industry participant. Partners include Epicentric and Silicon Valley Bank (Nasdaq: SIVB). More information can be found at www.datatic.com.
About Indiaco.com
Indiaco is a premier technology and business incubator located in Pune, India, offering services to developing companies in the Indian marketplace in the areas of finance, information technology, legal, accounting, advisory, and human resource services. More information can be found at www.indiaco.com
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