iNautix to open development center

iNautix Technologies, a subsidiary of CSFBdirect, US, will open its 118,000 sq ft development center at Tidel Park. This would make iNautix the largest occupant at Tidel Park with a capacity to house about 750 professionals. 

iNautix headquartered in New Jersey and facilities in India, UK and Hongkong, is into designing, developing and hosting e-commerce engines that can interface with technologies within a variety of Internet and wireless delivery platforms and PDAs, palm top devices, screen phones and touch- tone telephones. 

The Chennai facility, which will house iNautix' fifth Data Center, is its largest development center outside the US. 

"With its unique products such as MarketSpeed, a browser for financial market that provides services five times faster than other browsers and iPartners for money managers, iNautix has been following a growth path for the past years. And India has been a major contributing factor in its growth. We expect to invest about $ 12 million this year on facilities and data center," said Suresh Kumar, President and CEO,
iNautix.

"Demand of the iNautix range of products from other brokerages are high. And the business model of online brokerages is a proven one unlike the model of dotcoms. Brokerages are going to continue investing on online and stay in the game," said Blake Darcy, CEO,
CSFBdirect.