| Business Basics |
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| Company Name |
NextBiT Computing |
| Founded in |
2005 |
| Headquartered in |
Bangalore |
| Company website/URL |
N.A. |
| Industry |
IT/ Internet/ Software |
| Stage of the company |
Several customers or locations |
| Source of idea |
Built hobby into a business |
| Awards & honors |
Participated at Texas Instruments Developer Conference 06, 07
Presented at Proto.in, July 08
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| Partnerships & Tie-ups |
Member of Texas Instruments Third Party Network
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| Business description |
NextBiT Computing started as a provider of complete product solutions in the domain of broadcast, hand-held and Mobile Consumer Electronic Devices. With hardware and software intellectual property finding use in devices like Digital Set Top Box for IPTV, DVB and Digital Signage, Personal Media Player, Mobile and navigation devices, NextBiT has worked wit...> Read more.. |
NextBiT Computing started as a provider of complete product solutions in the domain of broadcast, hand-held and Mobile Consumer Electronic Devices. With hardware and software intellectual property finding use in devices like Digital Set Top Box for IPTV, DVB and Digital Signage, Personal Media Player, Mobile and navigation devices, NextBiT has worked with customers from across the world, powering the designs of over 5 Consumer Electronic devices.
In 2006, with the perceived growth in the demand for digital signage infrastructure, NextBiT launched gCoSign which is a product-service offering, addressing the growing Indian digital signage market.
NextBiT offers a Consumer electronic grade hardware available to customers on upfront sale, and a web-based signage player management service available on a monthly subscription basis. This combination offers customer a low cost, easy to set-up, easy to manage and operate system for execution country wide digital signage networks with the least amount of operational expenses. GcoSign also provides methods for generating information which help customers in monetizing their signage networks. NextBiT also works with a number of Consumer electronic companies providing them with complete system designs for device such as Personal Media Players, Set Top Boxes, Blu-Ray Firmware, Navigation devices and more.
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| How does the business make money? |
1. Sell the gCoSign Digital Playback hardware for signage and related applications
2. Monthly management interface subscription from every signed customer
3. Other ancillary services (Value Added Services) provided to customer on subscription basis
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| Team information |
NextBiT Computing was founded in July 2005 by Vishal Borker, and Sameer Naik. We were then joined by Sudarshan Borker and Girish Bhardwaj. The management team in Bangalore comprises of Vishal who handles Execution and Technical Direction, Sameer Handling Product Roadmap and Implementation, Girish - responsible for Sales and Customer Support, and Sudarshan who handles Administration, Accounting, Office Operations functions. In addition we are joined by Mr. Terry Shimada who operates as V.P Sales and Marketing APAC, sitting out of Japan. Our Technology team comprises of 14 engineers handling areas of software, hardware development. We also have a 2 member customer support team.
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| Competition |
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| Competitors |
Broadsign , Scala , 3M Digital Signage, www.streme.tv, Cisco Digital Signage
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| How different is your product or service? It has... |
Substitutes that differ in function |
| In what way is your product or service different? |
Low Capex & Low Opex compared to other solutions.
Future ready list of customer relevant features including ones helping customer scale re...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
0-5 |
16-25 |
| No. of locations |
6-15 |
over 30 |
| No. of customers |
2-5 |
16-50 |
| Turnover |
51 lacs- 1 crore |
1-5 crore |
| Profits |
16- 50 lacs |
1-5 crore |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
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| Raised institutional capital? |
No |
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| Why is this startup hot? |
The Multimedia Consumer Electronic Digital Signage industry is a growing market, with innovation possible at every second! We at NextBiT are continuously working on ideas and products we feel can help our customers experience simplicity and convenience in their areas of need.
Being financially stable, young (3 year old), and Research and Develop...> Read more.. |
The Multimedia Consumer Electronic Digital Signage industry is a growing market, with innovation possible at every second! We at NextBiT are continuously working on ideas and products we feel can help our customers experience simplicity and convenience in their areas of need.
Being financially stable, young (3 year old), and Research and Development-oriented company run by a team with an average age of 24 years, NextBiT's team is always innovating on new ideas, features and functionality into our product offerings. At NextBiT we dont talk innovation, we actually get it done.
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| What keeps the team awake at night? |
| Innovative Ideas, Competition, Deadlines
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