Combination will create the market leader in Outsourced Product Development (OPD) and Testing
Bangalore, India, May 2, 2008MindTree Ltd., a global IT and R&D Services Company, today announced that it has signed a definitive agreement with the largest shareholder of Aztecsoft Ltd. to acquire 32.57% at Rs 80 per share, which values the company at an equity valuation of USD 90 Million. MindTree will also announce an open offer to Aztecsoft's public shareholders to purchase up to an additional 20% equity ownership interest. These transactions are subject to customary regulatory filings, clearances and approvals. After the completion of these transactions, MindTree will initiate the process of merging Aztecsoft into itself.
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Aztecsoft Maintains Growth Momentum, Posts sequential revenue growth of 8.5% in INR terms
Bangalore, April 16, 2008: Aztecsoft Limited (Aztecsoft) the leading provider of Global Software Engineering Services announced its audited financial results taken on record by the Board of Directors for the fourth quarter and financial year ended March 31, 2008. For the fourth quarter ended March 31, 2008, Aztecsoft has posted revenues of Rs. 68.71 crores and a net profit of Rs. 3.15crores on consolidated basis. Despite economic slowdown hitting the industry, Aztecsoft has been able to sustain growth momentum due to the strong fundamentals and processes in place.
The Board also recommended a dividend of 10%, subject to shareholders approval.
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Wins 2 "Pink Slip" Awards
Bangalore, March 25, 2008: Aztecsoft Limited, the leading provider of Global Software Engineering Services today announced that it has won 2 Pink Slip Awards for Creative Excellence in Recruitment Advertising.
Winning the award for 'Best IT/Telecom Recruitment Advertisement' and 'Best use of Visuals in an Advertisement' at the Pink Slip Awards 2008 - Aztecsoft's 'Techiela' ad was chosen from over 400 short listed nominations. Contenders for the 'Best IT/Telecom Recruitment Advertisement' also included companies such as Microsoft and Yahoo. M & M Connect, Aztecsoft's agency was also presented with the awards for their outstanding work.
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Appointment reiterates focus on expansion and recruitment
Bangalore, 04, March, 2008: Aztecsoft, the Global Software Engineering Services company today announced that Mr. Satish Venkatachaliah has been appointed as the Senior Vice President, Global HR and Recruiting, Aztecsoft Ltd.
Mr. Venkatachaliah has over 14 years of experience in HR, and has worked with a range of multinational software and IT companies in India providing strategic direction and driving key HR initiatives.
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Ranked among world's most innovative service providers
Aztecsoft Limited, a leading provider of Global Software Engineering Services today announced that it has been recognized in the Global Services 100-2008 Listing. The Global Services 100 is an annual compilation of the world's most innovative service providers selected on the basis of a research study conducted by Global Services and neoIT, an outsourcing advisory firm.
Hundreds of service providers from 17 countries, with delivery centers across 31 countries, comprised the list of participants across the IT and BPO industry, including IT application services, infrastructure, FAO, HRO and contact centers.
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Aztecsoft posts sequential revenue growth of 5% in US$ terms
Bangalore, January 29, 2008: Aztecsoft Limited (Aztecsoft) has announced its financial results that were taken on record by its Board of Directors for the third quarter ended December 31, 2007. For the third quarter ended December 31, 2007, Aztecsoft has posted revenues of Rs 63.31 Crores and a net profit of Rs 2.19 Crores on a consolidated basis.
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New facility to augment growing global delivery
Bangalore, 12 December, 2007Aztecsoft Limited, the Global Software Engineering Services Company today announced the inauguration of its new facility at Rajiv Gandhi Infotech Park in Hinjewadi, Pune. The new facility that would house 1500 people is spread over a total constructed area of 200,000 square feet. This facility will provide Product Engineering services, Independent Testing services, Sustained Engineering and Professional Services.
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New facility to service the growing base of global clients
Bangalore, 06 November, 2007 Aztecsoft, the Global Software Engineering Services Company today announced the launch of its new SEZ facility at Whitefield, Bangalore. The foundation stone for the new facility was laid by V. Chandrasekaran, Managing Director, and V. R. Govindrajan, Director of Aztecsoft. Members of the senior management team were also present on this momentous occasion.
The new facility at Whitefield will be a unit under the SEZ scheme and will be an addition to the existing 1,200+ strong seats in Bangalore.
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Samir Bodas was earlier the President of Aztecsoft.
Bangalore, 24th October, 2007 Aztecsoft, the Global Software Engineering Services company, announced that Mr. Samir Bodas has been promoted as its Chief Executive Officer.
Speaking on the appointment of Samir Bodas as CEO of Aztecsoft, Mr. K B Chandrasekhar, Chairman, Aztecsoft said "Samir has an excellent track record and is already driving several initiatives to improve the way Aztecsoft operates today. His attention to detail, passion for people, process and technology and his drive to excel has given us confidence in his leadership, and we hope to see the growth momentum at Aztecsoft to be driven to new heights."
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Aztecsoft posts sequential revenue growth of 6%, adds 9 new strategic clients
Bangalore, October 17, 2007: Aztecsoft Limited (Aztecsoft) has announced its financial results that were taken on record by its Board of Directors for the second quarter ended September 30, 2007. For the second quarter ended September 30, 2007, Aztecsoft has posted revenues of Rs 62.01 Crores and a net profit of Rs 6.93* Crores on a consolidated basis.
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The Alliance represents a group of companies that have their interests aligned in making Mainframe Migrations easier and more efficient for customers.
Bangalore, Sept. 21 2007: Software Engineering specialist Aztecsoft Limited today announced its membership to the prestigious Mainframe Migration Alliance (MMA) of Microsoft. The Migration Alliance (MMA) is a group of companies that are working together to help customers migrate workloads off of the mainframe and onto the Microsoft platform. With this membership, Aztecsoft will be able to leverage its expertise and the technical depth that it possesses by providing strategic, tactical and cost effective solutions to its customers.
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IDG recognizes Aztecsoft as a leader in Business and Technology innovation
Bangalore, 20th Sept. 2007: Aztecsoft Limited, the Global Software Engineering Services Company today announced that Mr. Nataraj N, CIO Aztecsoft Limited was honored with the CIO 100 Innovation Award at the Annual CIO 100 Symposium and Awards Ceremony held on September 8th 2007 at Hotel JW Marriott, Mumbai. Mr. Nataraj N received the award from David Hill, President & CEO, International Publishing Services (IDG).
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A paper on "Practical Measurement of Outsourced Product Testing" by Sanjay Kulkarni provides insight on conventional methods of software testing
Bangalore, August 30th 2007: Aztecsoft Limited was awarded the "Testing Leadership Award" by QAI India Limited, in recognition of a paper - "Practical Measurement of Outsourced Product Testing" presented by Sanjay Kulkarni, Project Manager - Aztecsoft Limited. The award was presented at the recently concluded 7th Annual International Software Testing Conference held in Bangalore on the 24th and 25th of August 2007.
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Project Vikas is an initiative by the National Manufacturing Competitive Council (NMCC) and Microsoft.
Bangalore, August 27, 2007: Project Vikas, launched by Microsoft in December 2005, is designed to enhance the global competitiveness of India's Small and Medium Enterprises (SME) sector. This would be done through a multi-pronged strategy, encompassing skill and capacity building, knowledge creation and dissemination, and enablement of linkages in the cluster ecosystem. Microsoft has partnered with Aztecsoft for creating the subscription-model based Vendor Management System for clusters.
Read the article from The Economic TimesRead more about Project Vikas | NMCC website
Aztesoft poised for growth
Bangalore, July 18, 2007: Aztecsoft Limited (Aztecsoft) has announced its financial results that were taken on record by its Board of Directors for the first quarter ended June 30, 2007. For the first quarter ended June 30, 2007, Aztecsoft has posted revenues of Rs. 59.07 crores and a net profit of Rs. 5.70 crores on a consolidated basis.
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July 09 2007Aztecsoft has been ranked 22nd in Business World's list of Top 100 mid-size companies in India. The list was created based on rankings compiled from company size, sales figures, profit growth and average return on equity.
Click here to view the Business World Article | Click here to view the ranking report
Aztesoft closes FY 2006-07 with consolidated revenues of Rs 260+ Crores - up 32%
Bangalore, April 27, 2007: Aztecsoft Limited (Aztecsoft) announced its un-audited consolidated financial results taken on record by the Board of Directors for the fourth quarter and financial year ended March 31, 2007. For the fourth quarter ended March 31, 2007, Aztecsoft has posted revenues of Rs. 62.25 crores and a net profit of Rs. 6.75 crores on consolidated basis.
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Aztecsoft to provide content delivery solutions and applications for Symbian smartphones
Bangalore, India, January 29, 2007: Aztecsoft Limited has announced that it has joined Symbian's Platinum Program to support the growing market for Symbian smartphones. As a Platinum Partner, Aztecsoft is extending applications and platform solutions for mobile and convergence markets to the Symbian ecosystem. Symbian develops and licenses Symbian OS, the operating system that powers today's most popular smartphones. Symbian OS is licensed by the world's leading mobile phone manufacturers and to date; over 100 million Symbian smartphones have shipped worldwide to over 250 major network operators.
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Bangalore, January 16, 2007: Aztecsoft Limited (Aztecsoft) announced its financial results for the third quarter ended December 31, 2006. These financial results were taken on record by the Board of Directors of Aztecsoft at its meeting held on January 15, 2007. For the quarter ended December 31, 2006, Aztecsoft has posted its highest ever quarter revenues of Rs. 71.34 crores and net profit of Rs. 11.15 crores on consolidated basis.
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