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Altera
Corporation has announced the opening of its sales office
in Bangalore. The company has 14,000 customers across the
world to whom it provides programmable solutions. Though the
company has 1,885 employees globally, in Bangalore it plans
to start with two employees, Wai-Leng Cheong the regional
sales manager, and a customer service person.
Altera is planning to move into the market through two distributors
in India, Arrow Electronics India, which has been its channel
partner for the last seven years, and Achieva with whom it
has partnered with for the last one year. Altera has three
major partners, iWave, Dexcel and Spectrum under its ACAP
(Altera Consultants Alliance Programme) and eight partners
in Asia Pacific region.
The company had sales of $839 million in 2001, of which the
Asia Pacific region accounted for $107 million. When the fourth
quarter of 2002 clocked a revenue of $170.9 million, the third
quarter had $180.1 million. The company claims to have 45
percent market share in CPLD.
The
digital consumer segment is the real growth area for us. We
are also looking at the infotainment market in the region,
said Ben Lee, vice president of sales for Asia Pacific at
Altera. We expect a 25-30 percent growth if the industry
regains and makes a come back in the next year, added
Lee.
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