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Mobile Mania
September 05, 2005
Like many other Indians techies in the Silicon Valley in 1999, Umesh Vaidyamath decided to take the IT start-up route giving up a cushy job at Intel.
“That was the time when all the IT biggies in the US had started exploring e-commerce including Intel and Dell who had worked on the letter ‘e’ in their logos to announce big time plans. But right from the beginning, I was sure that my business model would not be based on any free web services. I was not going the Hotmail way with any freebies,” says Vaidyamath.
The idea to set up INSZoom, a company of which he is today CEO, first came to him when he built a website for an immigration attorney in 1999. “With a mobile global workforce, MNCs had an increasing number of executives travelling to diverse geographies. Immigration compliance issues were getting more and more complex and it was not just an issue of tracking individual cases,” he says. Today the San Ramono-based company is one of the largest software case management vendors in the US with a marketing team in the US as well as a back-office of 48 software engineers in Bangalore, which was set up in December 2003.
A graduate in computer science from B.V.B. College of Engineering and Technology, Karnataka University, Vaidyamath moved to the US soon after college on a project with Arthur Anderson at Sprint in Kansas City. His work experience includes leading a team of software engineers and architecting state-of-the-art large scale e-commerce and client server applications at Hewlett Packard and Mervyns California.
“The need today is to provide one-stop software solutions for corporates as well as law firms. For this, we work closely with both the sectors,” he says. The company already has three product lines for three different market segments namely law firms in the US, corporates and non-US markets.
INSZoom which turned profitable and financially sound within two-and-a-half years of being set up, has no venture funding yet. “Our business model helped us to become profitable by 2001 and though we’ve been approached by VCs, we are not looking at any funding yet. After getting to a certain size, going public would definitely be an option,” says Vaidyamath.
And the next level for his business would be various governments which have to deal with immigration and compliance issues. “In India, we are working closely with Nasscom, which has done a lot of work in the area of immigration and global mobility of the workforce,” he says.
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