![]() Cybertech Systems and Software Ltd (CSSL) will be merged with the group's US subsidiary Cybertech Systems Inc, as part of its restructuring plan. 2000 - Cybertech has also set up 65,000 sq.ft software development centre at a cost of Rs 21 crore near Mumbai, with a capacity to accommodate 700 professionals. CYBERTECH SYSTEMS and Software Ltd (CSSL) is planning to merge its American parent, the $75m CyberTech System Inc (CSI), with itself. Mumbai-based CyberTech Systems and Software, a subsidiary of CyberTech Systems Inc, is one such company, which is transiting from catering to the parent's requirement of SAP professionals to providing a suite of offshore software development services. The company has tied up with HariBhakti & Co, a management consultant firm, to provide the domain knowledge for this purpose. The company is setting up an application service centre to cater to the Indian corporate sector. ![]() The company had recently launched its new business unit, The New Media Division, to launch web-based products for independent users as well as corporate clients. CyberTech Systems and Software is developing a website which will provide e-commerce, on-line shopping, 24-hour news, finance and investment services. The media division will launch web-based products and service for independent Internet users as well Internet based products and solutions for corporate clients. CYBERTECH Systems & Software Ltd has acquired the Bangalore-based software company, Equinox Solutions India Pvt Ltd, the company said in a communique to the BSE. ![]() Cybertech Systems and Software (CSSL), a subsidiary of the US-based Cybertech Systems Inc., is the leading player in ERP (SAP) implementation. The company recently entered into a tie-up with SAP Arabia to provide technical and functional services to SAP customers in the middle-east. The company has earmarked Rs 50 crore (Rs 500 million) for the same. 1999 - Cybertech Systems and Software Ltd, a 51 per cent subsidiary of Cybertech International Corporation, US, is looking at acquisitions for future growth. 100/- to CyberTech International Corporation, USA on preferential basis, in terms of approval of the members at the Extraordinary General Meeting of the Company held on March 21st. 10/- each of the Company for cash at a premium of Rs. 1998 - The Board of Directors on June 19, allotted 52,56,500 Equity Shares of Rs. Kishanchand Spinning Mills Ltd., became the wholly owned subsidiary of the Company. 10/- each at a differential premium of Rs. 10/- for cash at par to Indian Public and firm allotment of 303,000 Equity Shares of Rs. 156.55 lakhs which included 1,262,500 Equity Shares of Rs. During the year, the Company offered 1,565,500 Equity Shares of Rs. The Company has also won an offshore software support engagement from Unisys corporation of San Jose, California. The centre is aimed at addressing the large requirements of CyberTech clients offshore projects in Y2K conversion apart from internal training. Cybertech Systems and Software Ltd is set to open a new software centre at Thane, Greater Mumbai. 1997 - The Mumbai-based CyberTech Systems and Software Limited, a company promoted by CyberTech International Corporation Inc is undertaking a Rs.20 crore expansion to set up software development and training facilities. The Company proposes to acquire additional space for its increasing operations out of the issue funds. The company proposes to offer both onsite services and offshore services to overseas clients and expand its activities by undertaking Software Exports, and introducing new and innovative products. The Company has also set up an Advanced Learning Center based in Mumbai. The Company has set a 100% Export Oriented Unit, at Mumbai, for providing on-site services in software development for domestic and international market. The company proposes to provide on-site technical services at the client's location (basically in the U.S.A.), undertake turnkey projects and develop operations in India. ![]() The objects of the business venture is to have a base in India which would enable the company to tap the Indian market for software professionals and undertake software development for overseas clients and others. The main object of the Company is to undertake software development for overseas market. Atul Agrawal, Technmocrat NRI's, based in USA and Mr. Company History - Cybertech Systems & Software Ltd.ฤก995 - Cybertech Systems And Software Limited was incorporated on 19th January, as a Public Limited Company under the Companies Act, 1956, and the Certificate for Commencement of Business was obtained from the Registrar of Companies, Maharashtra, on 31st January. ![]()
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