IBM, Oracle Say Keen to Work With Andhra Pradesh to Promote Startups

Top software companies, including IBM and Oracle, and University of California, Berkeley (UCB) have shown interest in working with the Andhra Pradesh government to promote the startup ecosystem and also in setting up their development centres in the state.

During a visit to the United States, the state government's IT Advisor J A Chowdary met the officials of UCB and Stanford University and the two universities agreed to work in joint innovation and incubation activities to promote start-up ecosystem in AP, a state government release said.

Chowdary met senior executives at Oracle Corporation and the two sides explored the possibility for setting up Oracle Operations and Oracle Partners eco system in AP, it said.

He also met IBM executives and discussed the possibility of setting up off-shore development facilities in AP.

In a meeting with senior executives of the SEMI (Semi Conductor Equipment and Materials International), he deliberated on the possibilities for joint collaboration programme in AP to set up electronic manufacturing operations in the state, it added.

IBM Security plans to acquire private cyber-security firm Resilient Systems, the computing giant said earlier this week, as part of a move to expand its role in the incident response market. The sale comes amid a consolidation in the cyber-sector and a decline in valuations of public and private cyber-firms.

Last month, IBM said it has agreed to purchase Truven Health Analytics for $2.6 billion (roughly Rs. 17,858 crores), its fourth acquisition in less than a year aimed at expanding in the business of combing through health-related data. The shares rose the most in three years.