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Calsoft targets acquisitions news
Our Infotech Bureau
30 June 2005

Chennai: After successfully acquiring three domestic and overseas companies, the Chennai-based California Software Company Limited (Calsoft) plans rely on a combination of organic growth coupled with prudent acquisitions to expand its business.

It may be recalled Calsoft has acquired three companies — American HealthNet Inc, USA, Team Frontline Pvt Limited, Kochi and the Bangalore-based Webspectrum Software Limited ijn the recent past.

According to managing director S Santhosh, Calsoft is targeting a turnover of $50 million this fiscal. "We plan to enhance the size and scale of operations, improve our operating profitability."

Meanwhile, the company has reorganised its operations to focus on domains within major segments — technology solutions, commodities solutions and enterprise solutions that contribute 39 per cent, 34 per cent and 27 per cent of the revenues.

 


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Calsoft targets acquisitions