Calsoft acquires Inatech to strengthen its Oracle practice

Dec - 2007

Calsoft today announced the signing of a Memorandum of Understanding (MOU) for acquisition of the minority shareholding of 49% in Inatech Infosolutions, India (Inatech). The consideration for the acquisition of this part is valued at approximately USD 6.17 Million and will be paid through a combination of cash & stocks, subject to due regulatory approvals as applicable.

Earlier in Nov 2006, Calsoft had taken 51% majority interest in Inatech, a specialized end-to-end Oracle solutions provider in the enterprise space. As part of the agreement, Calsoft was to originally acquire the balance in November 2009.

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Inatech opens new office in Cairo, Egypt

Nov - 2007

UK based Inatech Solutions; a part of Calsoft group has setup a large office at Nile City Towers, in central Cairo. This move is to service the growing demand for Oracle applications & technology led services in Middle East. The company enjoys the highest level of Oracle partnership – Worldwide Certified Advantage Partner. This elite status allows it to service the full range of Oracle products worldwide. Inatech is a specialized Oracle solutions provider with a major focus in construction, hi-tech, manufacturing, services, distribution and the government sector. More details »

Efytimes : http://efytimes.com/efytimes/fullnews.asp?edid=22969&magid=11

Sify : http://sify.com/finance/fullstory.php?id=14567533

Techwhack: http://press-releases.techwhack.com/14744/inatech/

MoneyControl: http://www.moneycontrol.com/india/news/pressnews/inatech-opens-new-officecairo-egypt/18/15/314812

Inatech in Times Ascent

Times Ascent Oct - 2007

“TECHNOLOGY is like a double edged sword,” opines Rammohan Menon, Sr. VP – Applications Delivery, Inatech InfoSolutions Pvt. Ltd. Ram has shared his view points on '”Online at Work, Offline in Output” published in the Times of India.

More details : http://epaper.timesofindia.com/Daily/Skins/Ascent/section.asp

Calsoft consolidated revenue at Rs.169cr, growth of 46%

Money Control News June - 2007

California Software Company Limited (Calsoft), a global IT solutions company, today announced that its Board of Directors had taken on record and approved the audited financial results for the financial year 2006-07.

CalSoft inks deal to pick up stakes in 2 Inatech cos

The Economic Times September - 2006

Chennai-based California Software (CalSoft) has signed the letter of intent with the Inatech group to acquire 51% controlling stake in the two group firms — Inatech UK and Inatech InfoSolutions, India. The deal envisages initial purchase of shares by the company through a combination of stock and cash.

Economic Times : http://economictimes.indiatimes.com/articleshow/1992751.cms
Chennai Online : http://www.chennaionline.com/events/Business/2006/09calsoft.asp
Blonnet : http://www.blonnet.com/2006/09/16/stories/2006091602350400.htm
Calsoft : http://www.californiasw.com/Newsroom/calsoft-acquires-inatech.html

Excerpts from an article by John Dwyer

CRM buyer.com October - 2005

An Oracle E-Business Suite, including ERP and CRM, from Inatech of London, is ridding HSG of duplicated and inconsistent data created by disparate sales order processing, customer Web site, contact management and warehousing systems. Already, says sales and marketing director Dan Belton, "It has freed up resource to allow us to focus on [generating] new business."

Inatech completes project for UK Corporation

The Economic Times September - 2004

Inatech Solutions said on Monday it successfully completed a project for Coventry City Council, a UK government corporation .

India offers us a big opportunity

Sify News July - 2004

Inatech, a UK-based business technology solutions company, has embarked upon an ambitious task to achieve revenue of US$24 million.

Inatech to Expand India Operations

The Hindu July - 2004

Inatech, a UK-based Oracle certified e-business partner specializing in implementation of Oracle applications and Oracle technology .

Inatech to add people in India

CIOL July - 2004

UK-based Inatech Infosolutions has announced that it would increase its headcount in India from 65 to over 100 by March 2005.

Expansion Plan

Business Standard July - 2004

Inatech, a UK-based Oracle certified e-business partner has announced that it is expanding its operations in India.

Inatech to Expand Operations

Financial Express July - 2004

UK-based Inatech Solutions, which has operations in Bangalore since 2003, is planning to expand.

Inatech to expand India operations

The New Indian Express July - 2004

Inatech, a UK-based Oracle certified e-business partner specialising in implementation of Oracle applications, has announced that

Inatech to expand in India, target $24 mn revenue

Asian Age July - 2004

UK-based Inatech, an Oracle certified e-business partner specialising in implementation of oracle applications and

Inatech Solutions in Expansion Mode - Financial Express

July - 2004

UK-based Inatech Solutions, which has operations in Bangalore since 2003, is planning to expand.

Inatech to Expand Operations

Business Line July - 2004

The UK-based business procurement solutions company, Inatech Solutions, has said that it will expand its.