MUMBAI, India--(BUSINESS WIRE)--CanvasM Technologies, Tech Mahindra’s VAS subsidiary and part of the US$ 14.4 Billion Mahindra Group, and Polaris Wireless, the global leader in high-accuracy, software-based wireless location solutions, today announced a strategic partnership to introduce the first high-accuracy, network based wireless location solution for the Indian market. CanvasM specializes in developing and deploying utility VAS solutions, applications and platforms for organizations globally.
The solution enables mobile operators to more easily identify the location of emergency calls made from a mobile phone, and provides increased revenue opportunities for mobile operators who introduce value added services and location-based services to India’s growing base of mobile device users. With successful deployments around the world and field proven results in the Indian market, the partnership is expected to serve multiple wireless operators pan India. Polaris Wireless recently expanded its India ‘Centre of Excellence’ development and operations organization, based in Bangalore.
In a recent field test, the performance of the Polaris Wireless high-accuracy location solution exceeded the India Department of Telecommunications mandate for accuracy in urban-areas.
“Partnering with Polaris Wireless gives CanvasM the ability to provide customers in India with the most accurate wireless location solution in the market today,” said Jagdish Mitra, CEO, CanvasM. “Together, the ground-breaking innovation in location technology of Polaris Wireless and the Tech Mahindra legacy of pioneering cutting-edge solutions for the wireless industry are an unbeatable combination.”
“We are very pleased that high-accuracy, network-based wireless location is becoming a reality in India given the high percentage of feature phone penetration,” said Manlio Allegra, CEO and Co-founder of Polaris Wireless. “We look forward to working with CanvasM and Tech Mahindra to ensure that wireless operators in India are able to easily and cost-effectively deploy our location solution for emergency call management, enterprise, and other consumer location-based services.”
Mumbai-based market research firm Ovum predicts that location-based services in India will grow significantly, bolstered by 80% annual growth in 3G connections over the next five years, and interest from high-value early adopters, such as working professionals and the burgeoning youth sector, which is expected to grow to about 150 million subscribers in 2012.
About Polaris Wireless
Headquartered in Mountain View, Calif., Polaris Wireless is the global leader in providing high accuracy, software-based wireless location solutions to wireless operators, law enforcement/government agencies and location-based application companies. Since 2003, Polaris Wireless has successfully deployed its patented, software-based, high-accuracy location solutions to over 20 wireless operators to meet FCC E911 Phase II requirements in the US. The company has also deployed high-accuracy location surveillance applications for customers in Asia and EMEA. Polaris Wireless has offices in Dubai, U.A.E., Bangalore, India, Tokyo, Japan, and Santiago, Chile. Polaris Wireless is the recipient of the prestigious Frost & Sullivan “2011 Enabling Technology of the Year” award, recognizing the company’s accomplishments and leadership in developing location solutions. The company participates in location committees and other groups within the 3GPP and OMA standards setting bodies, and also participates in regulatory and industry bodies related to E911, lawful location surveillance, and location-based services. Polaris Wireless is located at 301 North Whisman Road, Mountain View, CA 94043 USA. For more information about Polaris Wireless, please visit http://www.polariswireless.com.
About CanvasM
Founded in 2006, Tech Mahindra’s specialized VAS unit CanvasM focuses on providing solutions that enable consumers and enterprises to take advantage of the mobile ecosystem. CanvasM is among the top ten players in the mobile VAS space, developing and deploying VAS solutions, applications and platforms for organizations across the globe. It specializes in end-to-end enabling of solutions with managed services which bring together content, technology and device expertise to ensure an enhanced digital experience to the customers of Telecom operators, media houses and enterprises. For further information, visit www.canvasm.com.
About Tech Mahindra
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc.
Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators worldwide and their proven delivery models, distinctive IT skills and decades of domain expertise enable clients to maximize returns on their IT investment. Tech Mahindra registered revenue of USD 1,126.6 million in the year ended March 31, 2011 and is ably supported by 43,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets.
A SEI-CMMi Level 5 organization, Tech Mahindra’s development centers are ISO 9001:2008 and BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada and Australia. Tech Mahindra Ltd is part of the US $14.4 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group’s interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.
For more information on the financials, please refer to the fact sheet and the results advertisement on the investor section of the website: www.techmahindra.com.