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Microsoft, signed an Enterprise Agreement (EA), with CAT Technologies Ltd - 12th December 2008

Microsoft, the world’s leading software producer has signed an Enterprise Agreement (EA), with CAT Technologies Ltd. The EA is Microsoft’s most preferred offering for large corporate clients that have 250 or more desktop PCs. – ensuring that the enterprise partner receives a host of value added benefits along with genuine Microsoft software.

 

The Microsoft EA will enable CAT Technologies Ltd to utilize the latest Microsoft technology, enabling them to use all future software release versions during the Agreement period, receive ongoing support, training components and other value added services.

 

Microsoft EA stamps CAT Technologies Ltd position as one of the premier IT-savvy organizations in India, and also demonstrates the company’s clear commitment to best-in-class business practices and corporate responsibility. CAT Technologies Ltd strongly believes that Microsoft can add value to its operations and staff competencies.

 

“CAT Technologies Ltd. employees will get access to newer software versions as they are introduced in the market. They will also be updated with the skills needed for the upgraded versions. CAT Technologies Ltd strives to constantly optimize the use of technology in developing innovative ways of conducting our business. This unique opportunity with Microsoft will enable us to harness the full powers of Microsoft technology and continue to enhance the knowledge of all our executives, to optimize the usage of MS applications.

Said Dhiraj Jaiswal , Chairman CAT Technologies Ltd.

 

 “The 'Microsoft Enterprise Agreement' provides CAT Technologies Ltd with a simple business solution, enabling the company to acquire software and receive support services. It also provides CAT Technologies Ltd access to new software upgrades as they become available. As a company that employs cutting edge technology as one of its key pillars, we are indeed happy with this agreement and will ensure that we abide by the Intellectual Property guidelines. CAT Technologies Ltd is in a key stage of its development, we value the new agreement and we expect it to help the company improve efficiency and enhance productivity.”

said Jithesh Nair, Vice President CAT Technologies Ltd.

 

The enterprise agreement usually provides the client with a standard and professional desktop configuration to include the Windows Operating System, Microsoft Office, and the Core Client Access licenses. Under the agreement, the users will also have access to the full suite of Microsoft Office Automation products.

 

Microsoft Enterprise Agreement is a Volume Licensing program for large organizations that have 250 or more desktop PCs. The program provides a simple, flexible, and affordable way to buy the latest Microsoft software products.

 

Enterprise Agreement helps your business standardize IT across the enterprise, simplifies license management, and provides maintenance benefits to help ensure that your company maintains a competitive advantage and to increase employee productivity.

 

http://www.microsoft.com/licensing/programs/ent/default.mspx   

Inauguration of a new 20,000-square-foot facility in Hyderabad- 25 November 2008.

CAT Technologies Ltd today announced significant expansion of its operations in India with the inauguration of a new 20,000-square-foot facility in Hyderabad. These facilities will enable CAT to expand significantly in the IT region, provide better support to its rapidly growing customer base and tap into the world-class IT talent available in and around Andra Pradesh.

The opening ceremony for the new 20,000-square-foot facility in Hyderabad was presided over by Dhiraj Jaiswal, Chairman, and Jithesh Nair, Vice President and Director of the company. They were joined by Keshav Prasad, Director of IT and other key customers and partners.

“The company is also planning to add another 60,000 square feet of floor space in Hi-tech City, Hyderabad by 2010” said Jithesh Nair, Vice President and Director, CAT Technologies Ltd. during the inauguration.

CAT Technologies Ltd. tentatively announced that it will add another 600 new employees over the next two years in Hyderabad, INDIA. The current center employs 500 IT Employees.

“The operation will expand to "about 1100" total employees in our new facilities”, said Dhiraj Jaiswal, Chairman and CEO, CAT Technologies Ltd. during the inauguration.

CAT Technologies, the technology partner for Al Faisaliah Group. Al Faisaliah Group reported revenue of $800M.

http://www.alfaisaliah-medical.com:80/hit.html

 

The AL FAISALIAH GROUP is a Saudi-based conglomerate established in 1970. Its name is derived from the name of founder, Prince Abdullah al Faisal, eldest son of the late King Faisal. The company reported revenue of about $800 million and had over 5000+ employees.

 

The Al Faisaliah Group comprises 13 subsidiaries divided into several business units:

 

http://www.pwclogistics.com/

http://www.megastar-me.com/  

http://www.ebttikar.com/  

http://www.awalnet.com.sa/

http://www.fbtc.com.sa/  

http://www.alfaisaliah-medical.com/

http://www.mee.com.sa/  

http://www.zai.com.sa/  

http://www.alsafi-danone.com/

http://www.steakhousesa.com/

 

CAT Technologies has informed that a meeting of the Board of Directors will be held on Feb 11, 2008.
Cat Technologies Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 11, 2008, inter alia, to consider the allotment of share warrants.
CAT net profit rose by 1627.08% to Rs 8.29 crore in the quarter ended December 2007- Jan/29/2008.
Net profit of Company rose by 1627.08% to Rs 8.29 crore in the quarter ended December 2007 as against 0.48 crore during the previous quarter ended December 2006. Sales rose 4210.62% to Rs.48.71 crores quarter ended December 2007 as against Rs 1.13 crore during the previous quarter ended 31st December 2006.
Increase in Authorized Capital from Rs 36 Crores to Rs 120 Crores- Dec/24/2007.
The Company has subject to approved member, has approved issue of 40 lakhs warrants to promoters on preferential allotment basis. Increase in authorized capital of the company from Rs 36 crore to Rs 120 crores further raising of funds by way of another GDR to the tune US$20million. The board called for EGM of the members on 28 January 2008 to seek approval members. These decisions were taken at the board meeting held on 24 December 2007. EGM of members will be held on 28th to seek approval for above.
The board meeting of Company is scheduled to be held on 24 December 2007 - Dec/14/2007.

The board meeting of Company is scheduled to be held on 24 December 2007 to consider inter alia,

a)       The proposal is to issue warrants to promoters and persons acting in concert on preferential basis.

b)       To raise funds through GDR to the tune US $20million.

c)       To consider increase authorized capital of the company to  120 crore.

CAT net profit rises 150.00% to Rs 0.50 crore in the September 2007- Sep/03/2007.
Net profit of company rose by 150.00% to Rs 0.50 crore in the quarter ended September 2007 as against 0.20 crores during the previous quarter ended September 2006. Sales rose 90.41% to Rs 1.39 crores ended September 2007 as against Rs 0.73 crore during the previous quarter ended September 2006.