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Trigyn Tech says to double sales this fiscal

Indian software services firm Trigyn Technologies Ltd expects to double its turnover to $40 million in 2000-01 from the previous year, its chief executive said on Tuesday.

Trigyn was formed a year ago after the merger of Leading Edge Systems with e-capital Solutions, a firm founded by Suresh Rajpal. These firms had a combined turnover of $20.28 million in 1999-2000 (April-March).

"Our turnover should easily exceed $40 million this year," Rajpal told reporters in Bangalore on the sidelines of a conference to announce the spinning off of the unit that makes its mobile commerce software product, eVector, into a separate company.

Trigyn develops software and provides tech services to firms such as Metamatrix, Hewlett-Packard, Merrill Lynch and Citibank.

Rajpal, who headed Hewlett-Packard's Indian operations till a year ago, said Trigyn was seeing strong sales growth in Europe.

"Our sales to the United States are, however, coming down as a percentage of the company's total sales," he said. The majority of Trigyn's sales are to the US.

The firm mainly caters to the financial services, telecom and Internet infrastructure industries.

Trigyn's software development centres are based in Bangalore, Bombay, New Delhi and New Jersey. It has about 700 employees, working in India, the United States, Europe and the Far East.

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