Megasoft Ltd
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BSE Code:
532408
NSE Code:
MEGASOFT
Business Profile
Business Profile
Megasoft (MEGASOFT) is a global intellectual property driven, product-based technology company. It was incorporated in 1999 in Chennai.
The ISO 9001 certified company provides IT solutions and services to the telecom and life sciences domains. Afferenz and Acceliant are life sciences solutions that cater to the specialized needs of the pharma industry. XIUS-bcgi, the telecom division provides advanced roaming, open source software, and convergent service delivery infrastructure solutions to wireless and wireline network operators and service providers. The application services division, BlueAlly, provides specialized application development, maintenance, and support services worldwide. Assessed for SEI CMM Level 5, the company operates through offices spanning Europe, Asia and America. It has development centers in India and China and the offshore centers focus on healthcare, logistics, manufacturing and services especially on client server technologies and internet technologies, customer relationship management tool remedies and wireless application protocol.
The company has strategic partnerships with global leaders including Hewlett Packard, Teleglobe, TNZI, Satyam, Pro-V and Collation. Some of its subsidiaries include Beam AG, Germany and Megasoft Consultants, Inc., USA. In FY07, the company signed a definitive agreement to acquire Boston Communications Group for approximately USD 65 million. To expand operations in USA, the company entered into contract with Xero Mobile, USA to provide customized and turnkey management of its VOISE platform and XIUS-bcgi signed a multi-million, multi-year application service provider (ASP) agreement with US-based Keystone Wireless to enhance the company`s subscriber experience and competitiveness in the US market. The company has established a global reach across USA, India, UK, Singapore, China, Malaysia, Germany and several other countries catering to clients such as Philips, Metlife, Hutch, Mobitel, GSM, Novartis, Sun Chemical and Orange to name a few.
The registered office of the company is located at 85 Kutchery Road, Mylapore, Chennai-600004, Tamil Nadu.
Financials
On a standalone basis, Megasoft registered a profit of Rs 14.3 million for the quarter ended September 2007.
It recorded a net sales of Rs 212.2 million for the quarter.
Total income was Rs 172.3 million for the quarter ended September 2007.
The earnings per share (EPS) of the company stood at Rs 0.34 for the quarter ended September 2007.
On a consolidated basis, the company registered a profit of Rs 162.9 million for the quarter ended September 2007.
It recorded a net sales of Rs 768.1 million for the quarter.
Total income was Rs 729.6 million for the quarter ended September 2007.
The earnings per share (EPS) of the company stood at Rs 3.64 for the quarter ended September 2007.
Recent Developments
22-NOV-07
Megasoft, a product based technology company, revamped its telecom business (XIUS) and unveiled a new go-to-market strategy to rapidly expand its global telecom business.
Under the new dispensation, Megasoft`s telecom practice, XIUS has been revamped with a new business model and management structure. The business & marketing function will be driven from Bedford, US and the global delivery, research & development and back office support system will be run out of Hyderabad, India.
11-JUL-07
Megasoft and Boston Communications Group (BCGI), on Jul. 11, 2007, announced a definitive agreement for the former to acquire BCGI for USD 3.60 a share of common stock, in cash, for an expected aggregate purchase price of approximately USD 65 million.
12-JUN-07
Megasoft`s Telecom strategic business unit (SBU) `XIUS` has recently inked an unprecedented MVNO deal with US based Keystone Wireless. Through this exclusive multi-million, multi-year application service provider (ASP) agreement, Keystone Wireless will enhance the company`s subscriber experience and competitiveness of the US marketplace.