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HYDERABAD, Aug. 15

PRAMATI Technologies, a global provider of enterprise Java middleware technology and tools, has announced its expansion plans of increasing and reaching out to about 1,000 channel partners.

The company has so for forayed into more than 20 countries and is set to further consolidate. ``From humble beginnings, the company has grown to become an important player in application server space along with a select few in the global marketplace providing middleware. While the market had many more players, the slowdown has seen several of them going out of business and only a few making a mark. We have become a preferred products company,'' the Chief Executive Officer and Founder of Pramati, Mr Jayaraghavendra Pullur, said.

``We have adequate cash and we are not under pressure to raise funds immediately. Thus far we have received three rounds of funding, including the first one of promoters. We may also go in for either another round of funding or may even look towards an IPO. But a decision will be taken based on the business demands,'' Mr Pullur said.

The Vice-President, Sales, Mr Sathyanarayana, said, "with IT budgets tightening across the globe, enterprises are looking at means to meet business computing requirements at an affordable price. This, along with our recent technological and marketing successes, has translated into accelerating demand for Pramati products.''

Globally, compliance with the J2EE standard is driving the application server market into a commodity business market. Pramati has been able to capitalise on this by delivering world-class products along with support and consulting at a very aggressive price point.

Having an R&D base in India provides Pramati the staying power to compete effectively with its low-priced server and tools strategy in the markets.

Recently, Pramati had signed a memorandum of understanding with the International Institute of Information Technology (IIIT)-Hyderabad to open a middleware lab here to promote business and e-governance solutions. This, the company, sees would shape up as an ideal industry-academia relationship, Mr Pullur said.

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