| To invest around Rs 400 cr for setting up Hyderabad centre.
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| Exensys Software Solutions Limited (formerly Holool Software Solutions), a Hyderabad-based provider of enterprise space, IT consulting and telecom solutions and services, is looking at raising $200 million (around Rs 800 crore) to fuel its expansion plans, said company CEO and managing director Mohammad Shams Qamar.
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| The seven-year-old company is in talks with a few foreign institutional investors (FIIs), banks and private equity firms, and is expected to seal deals with them during the current financial year.
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| Around $100 million (Rs 400 crore) will be invested in setting up a global development centre in Hyderabad, which will house 3,000 professional in the first phase and 4,000 in the second, while the remaining funds would be infused into R&D, brand building and in scaling up the company’s sales force.
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| Besides, the company plans to have a direct presence in 12 more countries including China, Malaysia, Australia, the New Zealand, Brazil, Morocco and Russia during the current fiscal. The company currently has a presence in India, Saudi Arabia, UAE and UK
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| “We have already applied with the state government for allotment of 30 acres for our proposed development centre. It should be up and running in 11 months from now,” Shams said.
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| Meanwhile, Exensys on Thursday launched Exensys 4.0, an enterprise resource planning (ERP) product in seven global languages — French, Russian, Arabic, Persian, Chinese, Greek and English —which provides seamless integration of information among companies belonging to diverse verticals.
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| Exensys recorded global revenues of Rs 36 crore for the nine-month period ended December 31, 2007. It expects revenues in excess of Rs 200 crore during the current fiscal, with the new product contributing 40 per cent, Shams said.
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| The company, which was listed on the Chennai and Ahmedabad stock exchanges, would be listed on the BSE through IndoNext within the next two quarters, he added. |
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