Bangalore: US-based Arcot Systems Inc on July 31 launched its Research and Development centre in Bangalore to create leading edge and mission-critical software solutions to its clients across the globe.

The tech centre in Bangalore has started off with 30 engineers, president and CEO of the California- based firm, a leading provider of secure e-payment and identity solutions for financial services, healthcare and security-conscious enterprise environments, Ram Varadarajan, told reporters.

"Arcot is augmenting its R & D activities, and by addition of this facility in Bangalore it hopes to achieve a 100 per cent growth in the coming year," a company release said.

Varadarajan declined to furnish revenues of the company, saying it's a privately-held firm. Oracle Corporation, Goldman Sachs, Novell and Visa International are among the investors in Arcot.

He said the company is in talks with many banks in India regarding deployment of its internet-based software, adding, an announcement regarding tie-up with one of them is expected in the next few weeks.

Arcot focused on developing original solutions to address the challenges of securing e-business applications in internet-scale and transactional environments, he explained.

It provides authentication and access control solutions to secure the integrity of e-business in internet- scale and wireless environments, company officials said.

PTI