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| Bell and MGRM agree joint venture |
| Security Document World |
20st July, 2009 |
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Bell ID and Indian technology firm MGRM Net have established a joint venture to address opportunities in
eGovernance and identity management in the country.
According to Bell, both partners will join forces in resourcing the proposed 50:50 joint venture with product
IPRs, applications and requisite skills. The company adds: “While Bell ID has one of the most comprehensive
smart card management solutions today and manages more than 125 million cards in different applications
worldwide, MGRM has vast expertise in eGovernance.” |
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“This joint venture synergizes the unique strengths of both MGRM and Bell ID. Bell ID has experience in
managing an unrivalled portfolio of international customers in many key markets while MGRM is first in the
world to offer research-based integrated eGovernance platforms,” says Dr KVR Murthy, founder of MGRM Net.
“We see very exciting prospects in this emerging space. The MGRM-Bell ID joint venture will explore smart card
related opportunities secured by biometric applications based on domain research and integrate them with
MGRM’s OmVcard capability,” says Pat B Curran, chairman of Bell ID.
The two firms say the joint venture will become operational in the next quarter or as soon as all necessary
formalities are completed. An operation team is expected to be in place next month.
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