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Home / India News / 2007 / January / January 9, 2007
Teledata Informatics Ltd. acquires 100% stake in Soltius Pte. Ltd, Singapore

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Teledata Informatics Ltd. acquires 100% stake in Soltius Pte. Ltd, Singapore

Mumbai, January 9, 2007: Teledata Informatics Ltd (BSE: 532358), the Chennai based global software solutions company announced that it has signed a share purchase agreement for acquiring 100% stake in Soltius Pte Ltd, Singapore through its wholly owned subsidiary, Bitech International LLC, Dubai.

Headquartered in Singapore, Soltius is a Global IT solutions & Services Company that offers expertise in areas of business solutions and services. With over 800 professionals on board worldwide Soltius focuses on SAP projects and consultancy services. The company's industry-specific groups generate strategies rooted in a deep understanding of the practices and processes that help identify appropriate business solutions and services for various industries.

Speaking about the acquisition and synergies with its existing business, Teledata's Managing Director, Mr. K Padmanabhan said: "With this acquisition, Teledata has secured a stronger foothold in the SAP market , which will not only help to grow its existing business , but will also open-up opportunities in the future".

The operations of Soltius Pte Ltd are spread across Australia, Bangladesh, China, India, Indonesia, Singapore, Thailand, USA and UAE.and offers solutions in the areas of:

Customer Care & Billing Systems
Enterprise Resource Planning
Supply Chain Management
B2B Integration
Mobile Solutions

Soltius's services include:

Professional Services
Bespoke Development
System Integration
Product Implementation
ASP Offerings

Soltius delivers these solutions in cooperation with leading product vendors, systems integrators, joint marketers and technical partners whose products and services complement Soltius solutions.

Soltius is targeting revenue of USD 40 Million with a profitability of around USD 6 Million for the current year.


Soltius's customers include some of the biggest names in the world such as Nestle, Epson, Astra International, Bureau Veritas, Fuchs, Proctor & Gamble, Henkel, Honda, Telstra, IBM, Telkom, Kabelvision and The Club Store.

Customer Care & Billing Systems (CCBS)

Soltius's CCBS solution helps utility companies manage all interactions via a Web-based application environment for both the internal users and customers.

The CCBS solution offered by Soltius caters to more than 5.2 million consumers, one of the largest in the world, in Jakarta. This refined solution has been adopted by Teledata for power companies and Teledata's global marketing strength will multiply the customer base for the solution.

Mr Harmeet Bindra and Mr Sachin Agarwal, promoters of Soltius Technologies Pte Ltd will be joining as full-time directors in Teledata Technology Solutions Limited, post demerger.

About Teledata Informatics Ltd.:

Teledata Informatics Ltd is a global software solutions company providing enterprise-wide solutions for the Marine, Educational and Utility sectors. Since its inception in 1990, the company has demonstrated a first-rate growth to emerge as the global leader in its markets. The company is recognized and registered as a software developer by World Bank. Equity shares of the company are listed at the BSE, NSE and its GDRs are listed at the Luxembourg stock exchange.

Revenue for the quarter ended September 30, 2006 rose by 339 per cent to Rs 634.3 Crore compared to the corresponding period last year, which stood at Rs 144.5 Crore. Net Profit for Q2FY07 surged by 170% to Rs 86.6 Crore from Rs 32.0 Crore in Q2FY06.

For further information contact:

Ms. Preethi Anand
Public Relations Officer
Teledata Informatics Ltd.
Tel: (091-44) 2820 7991 Fax: (091-44) 2825 0091

Mr. Vineet Madhukar
Adfactors PR Pvt. Ltd.
Phone: (091-44) 42655800
Mobile: 098401 70555
Fax: (091-44) 28297497

Warm Regards,

Amber Sironzkar
Account Executive
Adfactors PR Pvt. Ltd.
Raj Mahal, 4th Floor,
84 Veer Nariman Road,
Churchgate,Mumbai 400 020
Tel: 022 22871361
Fax: 022 22871365

Source: Adfactors PR

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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