Rank - 157 : California Software

It was a year of consolidation and some strategic initiatives for Calsoft. In
Q3, Calsoft divested its stake in Informed Decisions Corporation (IDC) that
fetched close to $18 mn; thus increasing its cash reserves, and so despite the
topline hit, the companys bottomline improved as it had invested only $1.5 mn
in IDC four years ago. With the proceeds, Calsoft also intended paying up part
of the $15 mn loan it took for building its Chennai delivery facility. The
Calsoft Enterprise Solutions business unit was rechristened Inatech, and Chris
Baker appointed its CEO.