Upfront

Philips Semiconductors gets new identity

Philips Semiconductors has unveiled its India chapter and introduced the new company–NXP Semiconductors India. The name change and new identity follow an agreement between Royal Philips and Kohlberg Kravis Roberts & Co, Bain Capital, Silver Lake Partners, Apax Partners and AlpInvest Partners NV that will see them take an 80.1 percent stake in the semiconductor business, valued at $8.3 billion. The remaining will be retained by Philips.

Spice to invest $2 bn

Spice Communications is planning to go in for an early listing. The company has applied for Unified Access Services licences for all 21 circles in the country besides Karnataka and Punjab where it is already a leading player. It has planned initial investments of $2 billion for these new circles besides up to $500 million for its existing operations. This growth plan has been carved out after the restructuring of the company and finalisation of partnership between Telekom Malaysia and Indian partner MCorp Global.

Regulatory compliance solutions from Solix

Solix Technologies has announced two standalone modules for the Solix ARCHIVEjinni active archiving solution. The first is a data security module and the second the Solix ARCHIVEjinni MiniME subsetting module. These modules add fresh security and subsetting capability to Solix ARCHIVEjinni, a single platform for managing all enterprise data. The modules operate together to facilitate the creation of secure subsets of a production database in an easy and secure manner.

“Effective security involves more than just securing data against unauthorised visibility. Secure enterprise data must remain relationally and contextually intact so that it can be used effectively in development, test, quality assurance, training and outsourced environments,” said Shekhar Dasgupta, President & Chief Operating Officer, Solix Technologies.