Mumbai-based Aftek Infosys grew above the industry average for FY 2003-04, thanks to a spate of strategic relationships and acquisitions, mainly in Europe. Most important was its acquisition of a 49% equity stake in Munich-based Arexera Information Technologies, a knowledge management and data compression company, in an all-cash 8.86 million euro deal. Subsequently, Arexera took a 56% stake in Germany's Seekport Internet Technologies.
Marketed Powersafe power management solution through tie-up with MPG UPS of US
Pune and Solapur development centers awarded ISO 9001: 2000 certifications
l CEO: Ranjit Dhuru l Start-up year: 1986 l Products & services: Software products, services l Employees: 83 l Address: 265, Aftek House, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai l Tel: 24454016 l Fax: 56603628 l Website: www.aftek.com
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Mumbai-based Aftek Infosys grew above the industry average for FY 2003-04, thanks to a spate of strategic relationships and acquisitions, mainly in Europe. Most important was its acquisition of a 49% equity stake in Munich-based Arexera Information Technologies, a knowledge management and data compression company, in an all-cash 8.86 million euro deal. Subsequently, Arexera took a 56% stake in Germany's Seekport Internet Technologies./dq/media/post_attachments/f1aa5cf8bdf2feb166c1609e5a202048148b7657f146a05978038f0c1a47c22a.gif)