Cybertech Systems & Software Ltd

Cybertech Systems & Software Ltd

Cybertech Systems and Software Inc. (CSSL) was incorporated on June 12 2003 in the State of Delaware USA. The Company is a wholly owned subsidiary of its Parent Company CyberTech Systems and Software Limited India. It provides Information Technology and Software Development Services to customers primarily in USA with focus on next-generation geospatial networking and enterprise IT solutions. It offers services that span across all major industries including government education utilities public safety & homeland security technology telecom retail healthcare and manufacturing. The Company is focused on delivering its development and support projects in USA. The Company set up a 100% EOU in Bombay to provide onsite services in software development for domestic and international market. The company came out with a public issue in Jun.'96 to part-finance the project.Through the proposed EOU the company proposes to offer onsite and offshore services to overseas clients and expand its activities by exporting software in re-engineering and networking areas and introducing innovative products. Taking advantage of its association with the US-based Cybertech International Corporation and Intellisoft CPI the company gets software projects and consulting assignments from the US.During 1998-99 the company's 65000 sq.ft. state of the art advanced technology centre at Thane Maharashtra was successfully completed and the same was inaugurated on January 24 1999. This centre has been accredited with ISO 9001 Certificate in 1999-2000.The Company and its wholly owned subsidiary namely CyberTech Information and Systems (India) Limited (CISIL) got amalgamated effective from April 01 2000. During the year 2000-01 the Company entered into a Joint Venture Agreement with Corliant Inc. to tap the emerging global business in the field of Networking Solutions. An investment of US $ 2.0 million in the common stock of joint venture was made in May 2001 against which the Company has received 1428945 shares. Effective 1st August 2003 Company sold off the business of the European Subsidiaries to Alti a French company. It set up a Wholly Owned Subsidiary in the United States of America (USA) named CyberTech Systems & Software Inc. in 2002-03. effective 1st October 2003 CyberTech Systems & Software Inc. acquired the entire business of CyberTech Systems Inc. Thereafter the Company sold the business operations more particularly the ERP and CRM part of the business of its downstream subsidiaries namely CyberTech Information Services b.v.b.a. Belgium and Cyber Information Systems s.p.r.l. France as on 1st August 2003.Effective 1st July 2003 in order to strengthen its position as an offshore solutions provider the Company established a Wholly Owned Subsidiary (WOS) in the state of Delaware in United States of America under the name of CyberTech Systems & Software Inc. (CSSI). This subsidiary in turn acquired the US business operations of CyberTech Systems Inc. an affiliated company effective 1st October 2003.On March 5 2014 CyberTech's India Business Unit announced the launch of `CyberTech Risk Center' that offers advanced Risk Visibility Solutions dedicated to the Indian Public and Corporate sector. The Company completed the construction of their additional capacity of 25000 sq.ft. which can accommodate around 250 IT professionals during the year 2013-14. Thereafter it received Occupancy Certificate from the Thane Municipal Corporation for the construction of the 4th floor which has expanded an additional capacity of 35000 sq.ft. and can accommodate around 250 IT professionals.During the year 2018-19 Spatialitics LLC USA was newly incorporated and organized under the laws of the State of Delaware USA as a wholly owned subsidiary of Company. An Overseas Direct Investment (ODI) of USD 200000 was made towards capital contribution on March 28 2019 in Spatialitics. And the resultant as on date the Company owned 100% interest in Spatialitic.During the year 2021-22 the Company made investment in its wholly owned subsidiary CyberTech Systems and Software Canada Inc Canada w.e.f. July 262022.