Temptation Foods Ltd has informed that the Board of Directors of the Company at its meeting held on January 18, 2008, inter alia, has decided to take 70% equity stake in Aptsource Software Pvt Ltd.
In this regard the Company has issued the following Press Release:
Temptation Foods Ltd on January 18, 2008 announced that the acquisition of a majority stake in Aptsource, a high end enterprise solution consulting organization engaged in the promotion of actionable intelligence over service oriented architecture to bridge the existing gap between business and system objectives, Keeping in line with its vision of creating value for its shareholders through innovative means, the Company has decided to invest in Aptsource Software Pvt Ltd, an organization that it is already partnering with for its Solution Blueprint.
Temptations Chairman and Managing Director, Vinit Kumar said, We strongly believe in creating long term value adding relationships. I am sure that Aptsource and its value added IP will find wide acceptance in the mid-range market in India as well as overseas in the near future. Further with this investment, TFL intends to capture terminal value for the large expenditure for modernization of Information System and Technology Management which would have been, otherwise, made for a cost center.
The Company looking to manage ifs phenomenal growth, views information management and technology as one critical success and differentiating factor and has laid out a plan far advanced systemic implementation. To this effect, 2 of TFLs senior management team will be on Aptsources Board as well. Aptsource believes in building an organization on the lines of Accenture wherein high end consulting is backed by technology that delivers tangible business results.
In this regard the Company has issued the following Press Release:
Temptation Foods Ltd on January 18, 2008 announced that the acquisition of a majority stake in Aptsource, a high end enterprise solution consulting organization engaged in the promotion of actionable intelligence over service oriented architecture to bridge the existing gap between business and system objectives, Keeping in line with its vision of creating value for its shareholders through innovative means, the Company has decided to invest in Aptsource Software Pvt Ltd, an organization that it is already partnering with for its Solution Blueprint.
Temptations Chairman and Managing Director, Vinit Kumar said, We strongly believe in creating long term value adding relationships. I am sure that Aptsource and its value added IP will find wide acceptance in the mid-range market in India as well as overseas in the near future. Further with this investment, TFL intends to capture terminal value for the large expenditure for modernization of Information System and Technology Management which would have been, otherwise, made for a cost center.
The Company looking to manage ifs phenomenal growth, views information management and technology as one critical success and differentiating factor and has laid out a plan far advanced systemic implementation. To this effect, 2 of TFLs senior management team will be on Aptsources Board as well. Aptsource believes in building an organization on the lines of Accenture wherein high end consulting is backed by technology that delivers tangible business results.
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