MindTree forays into R2B mobile handset products

Called 'N!Mo' (Next in Mobility), the new business will offer feature-rich, white-labeled mobile handsets to telecom service providers and Original Equipment Manufacturer's. It will be headed by Samartha Raghava Nagabhushanam as President and CEO and will be a part of MindTree's Product Engineering Services group, a company release said here.

Superior user experience will be at the heart of products conceived by N!Mo and the recent acquisition of Kyocera Wireless India (KWI) provides a strong foundation.

The Kyocera team has delivered 45 Million wireless phones and has extensive experience in 4G technologies such as Wimax and Long Term Evolution (LTE). N!Mo leverages cutting-edge wireless expertise, coupled with MindTree's chip-to-cloud product engineering expertise.

"N!Mo further adds to our strong leadership position of delivering intellectual properties (IPs) and design services, by offering Ready-to-Brand products in Wireless Technologies to our customers. This will enable higher value creation through non-linear business models," said MindTree President and Group-CEO, Product Engineering Services, Janakiraman S.

N!Mo would become MindTree's seventh engine of growth and play an important role in achieving the vision of USD one Billion in revenues by 2014, company Executive Chairman Ashok Soota said.