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Our Bureau

To offer integrated solutions to mobile operators

Hyderabad , Nov. 14

Megasoft Ltd, a technology solutions provider, has announced its global partnership with Telecom New Zealand to offer integrated solutions to mobile network operators, including managed and hosted applications.

The deal is two-pronged. While Xius, the products arm of Megasoft would deploy its products and manage TNZ's facility, they will together market a range of solutions.

The Chief Executive Officer of Megasoft, Mr G.V. Kumar, said this deal would mean an investment of about $2-3 million in infrastructure and creating a dedicated workforce to address TNZ requirements.

While during this financial year it could yield up to $1 million in revenues, it has the potential to offer about $5 million in a fiscal year.

"Apart from an integrated telecom services provider, TNZ also manages several networks in the region and some markets in the US and Europe.

Having a base in Los Angeles, we plan to create a facility that would provide hosted application service provider based solutions. The revenues would be through transactions," he said.

"We would retrain some of the resources of VisualSoft to handle telecom solutions. Though the employees of VisualSoft were engaged with a telecom and Motorola project, some fine-tuning of their skills would open up a large talent pool," he said.

The alliance mandate is to offer range of solutions, including roaming and infrastructure solutions, for mobile network operators and mobile virtual network operators.

VISUALSOFT MERGER

On the Megasoft and VisualSoft merger process, Mr Kumar said that most of the regulatory issues have been addressed. By the end of the month, the company expects to complete all the formalities relating to stock exchanges. Following this, an application would be made to the High Court, which would convene an EGM for shareholders approval.

"Subject to shareholders' clearances, the entire process of merger would be completed by January-February. However, effective October 1, we would reflect a common balance sheet," he explained.

Megasoft shares ended lower at Rs 121.75 on the NSE against its previous close of Rs 123.85.

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