Financial Performance
Aztec net profit rises 390 pc
AZTEC Software and Technology Services Ltd has posted a 476 per cent rise in turnover and 390 per cent in net profit for the year ended March 31, 2001 over the previous corresponding period.
Information Technology
Huawei bags $4.87-m order
BANGALORE: Huawei Technologies, China's largest telecom equipment manufacture and network solutions provider, has won an SDH contract worth $4.87 million from Ecuador Pacifictel.
Online Media plans preferential offer
HYDERABAD: Online Media Solutions Ltd (OMSL), the city-based software solutions provider and Internet service provider (ISP), proposes to offer equity shares to its promoters group on a preferential allotment basis for consideration other than cash.
Subex office in Johannesburg
BANGALORE : Subex Systems Ltd, the Bangalore-based telecom software company, is opening an office in Johannesburg, South Africa to support its operations in the African continent.
Softwrap, Jasubhai Interactive in pact
NEW DELHI: Softwrap, the British-based software technology company, has teamed up with Jasubhai Interactive to distribute its namesake secure peer-to-peer (P2P) Electronic Software Distribution (ESD) solution to Indian software developers through ZDNetIn
dia (www.zdnetindia.com).
Nalanda group forays into IT
HYDERABAD: The Nalanda educational group has decided to diversify into telecom solutions and software development areas.
New President for Sify division
NEW DELHI: Mr Rahul Swarup has taken over as President, Enterprise Solutions, Satyam Infoway Ltd. He replaces Mr Lalit Bhojwani, who resigned recently.
Satyam senior-level appointment
HYDERABAD: Satyam Computer Services Ltd., on Monday, announced the appointment of Mr K. Thiagarajan as Head of Corporate Planning and Strategy.
Jumpstartup pins hopes on tech space
JUMPSTARTUP expects to complete investing up to half of its $45-million fund by next year. About 30 per cent of the new companies to be funded would be in the tech space, said Mr Sanjay Anandram, Managing Director, Jumpstartup Fund Advisors.
MobiApps opens Indian centre
THE US-based MobiApps intends to invest $10 million over the next three years in its India operations. Announcing the launch of its India operations in Bangalore, Mr Sanjay Chakrabarty, President and CEO, said that the company would grow to 150 people by
year-end from 25 now.
`IT cos can gain access to Europe from France'
MORE and more vegetarian restaurants are coming up in France,'' said the Consul General of France and Trade Commissioner, Mr Yves Charpentier, enticingly, to Indian IT companies at a seminar on `France -- Gateway to Europe', on Monday.
Wilco International buyes TCA Synergo
WILCO International, a wholly-owned subsidiary of ADP Inc having a development centre in Hyderabad, has signed an agreement with the Terence Chapman Group Plc for the acquisition of the business and products of TCA Synergo.
Software cos' response to US slowdown mature -- `Recruitment more selective now'
INDIA has shown a mature reaction to the slowdown in the technology spending in the US. There have been no knee-jerk reactions to the issue from the Indian software companies, according to Mr T. Hari, Vice-President, Human Resources, Satyam Computer Serv
ices Ltd.
IBM plans $200-m Linux investment
IBM has reaffirmed its commitment to making Linux a key art of their e-business infrastructure strategy. It is the first major IT vendor to invest significantly in Linux -- $200 million in AsiaPacific alone -- and announce its intention to make its hardw
are and software products Linux-ready.
