Information Technology
Channels here to stay in Net economy
GLOBAL reach. Virtual communities of buyers and sellers. Logistics specialists taking care of deliveries. Sounds good. But does it mean that in every instance that the Internet acts as a medium, the buyer and the seller are the only two meaningful compon ents? Maybe not.

iGate Capital plans India blitz -- Mulls Nasdaq listing for Mascot Systems
THE US-based iGate Capital Corporation, formerly Mastech Corporation, will bring its proposed $300-million venture capital fund to India to invest in Internet companies, Mr. Ashok Trivedi, Co-Chairman and President of the company, has said.

CBSI to nurture start-up firms
COMPLETE Business Solutions, India Ltd (CBSI) is looking to invest in and nurture a couple of start-up companies _ one in India and one in West Asia _ specialising in the applications service provider business.

Encore Software in talks for acquisitions, ventures
BANGALORE-BASED Encore Software, in order to widen its intellectual property base in high technology areas, is planning acquisitions both in India and abroad. It is also planning to set up two joint ventures with overseas companies.

IT briefs
CHENNAI: The Chennai-based Polaris Software Lab Ltd has formed a strategic partnership with Marshall & Ilsley Corporation to develop, market and implement software based on the EastPoint banking system, that comes from the group's subsidiary, M & I EastP oint, a release said.

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