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 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.
Industry:IT/ Internet/ Software
Founded in:2005
Source of idea:Built hobby into a business
Significant Competitors:Broadsign , Scala , 3M Digital Signage, www.streme.tv, Cisco Digital Signage
Company Details :
Company Name:NextBiT Computing
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):16-25
Office Locations(2006):6-15
Office Locations(2007):over 30
No of companies promoted:No
Profits (2006):16- 50 lacs
Profits (2007):1-5 crore
>Partnerships:Member of Texas Instruments Third Party Network
Initial Funding:Personal savings
Addl Funding:
Institutitional Capital:No
Revneue Model: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
Awards & honors:Participated at Texas Instruments Developer Conference 06, 07
Presented at Proto.in, July 08
Promoters Details :
Promoters Name(s):Vishal Somnath
Age:29
HomeTown:Quepem, Goa
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Principal Engineer at iSoftTech Pvt. Ltd
Ex-Job Description:Embedded System Software
Favorite Book/Movie:The butterfly effect
