L C Singh ignores DSQ Software for his own startup venture

NetScribes/Salil Panchal

DSQ Software has been hit and it just might be badly wounded. L C Singh, the former TCS chief, who was tipped to join the DSQ Software Board, has set up a global solutions integration company - Nihilent Technologies.

The firm's core competency will be to offer strategic responsibility management services with ideas driven by ``eEnterprise business solutions''.

According to market players, Nihilent Technologies is positioning itself as a direct competitor to DSQ Software.

Nedcor, the second largest banking group in South Africa, will pick up a 74.9 per cent stake in Nihilent Technologies. A detailed internal presentation of the company, made to financial institutional and banks recently - a copy of which is available with NetScribes - states that Nihilent Technologies has planned for an IPO in three years, with expansion plans including a presence in the UK, US and Australia over the next 3-6 months.

Nihilent Technologies will have software heavyweights like Vispi Wadia, Subbu Iyer and Minoo Dastur. The company is expected to kick off operations next month. Senior officials were unavailable comment as they were travelling.

Nihilent Technologies, in its report, has said that it would configure integrated solutions through its own and syndicated and collaborative partnership capabilities. At the low-end, it would be in body shopping traditional software developers and web applications. At the higher end, it will position itself as a business consulting service provider and strategic responsibility manager.

The business model will involve solution configuration and development, idea incubation, solution conception and IPR creation/product delivery. The strategic positioning and idea incubation would be supported by the IPR and R&D to provide for customer competitive advantage.

At the other end, DSQ Software continues to be plagued by various internal problems. Its acquisition plan relating to software companies in the US is still on hold and the company's management has undergone changes in recent weeks. With the stepping down of Dinesh Dalmia, DSQ has now appointed Pawan Kumar as president and CEO of the company.

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