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Our Bureau

Chennai, Feb. 2

MinVesta Infotech, the IT products company of the Chennai-based staffing and human resources (HR) group, Ma Foi Management Consultants Ltd, has signed a memorandum of understanding (MoU) with the Canada-based Kumaran Systems.

Kumaran Systems develops IT tools in application and database migration in areas such as retail, education, telecom and banking and financial services. The MoU will give the companies access to each other's clients and in the process offer end-to-end solutions, said Mr K. Pandia Rajan, Managing Director and Chief Executive Officer, Ma Foi Management Consultants. Based on a joint collateral model, each company would refer its clients to the other for a fee, while continuing to operate as two separate entities, said Mr Pandia Rajan.

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