From our sister site ContentSutra: The big Indian portal Rediff.com (traded on Nasdaq) has acquired a minority stake in Tachyon Technologies, a Bangalore based predictive text input software company, for an undisclosed sum.
Tachyon has built a product named Quillpad, “which enables users to type in English alphabets to input words in other languages (in the respective scripts) with ease on the basis of phonetics, allowing them to communicate in their language of choice”. Rediff.com has adopted this technology in its “Rediffmail” e-mail and “Rediff Bol” messenger service.
Business Standard adds: Rediff may plan an India IPO, but the time frame is as big as five years. “Logically that (India IPO) should happen given that we are an Indian firm, but we have not decided the time. It will be within the next five years,” Rediff CEO Ajit Balakrishnan said. Balakrishnan also dismissed any speculations regarding selling out to AOL or Yahoo.