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Aztecsoft Ltd BSE:532385 NSE:AZTECSOFT

Aztecsoft Ltd is engaged in Information Technology business. Company is listed on both NSE and BSE. NSE symbol for Aztecsoft Ltd is 'AZTECSOFT' and BSE code for Aztecsoft Ltd is '532385'.

About Company

Aztecsoft Limited, formerly Aztec Software & Technology Services Limited, offers end-to-end high-technology solutions to independent software vendors and technology service providers. The Company offers services along the entire software life cycle that includes technology consulting, architecture, design and development, professional services, testing and maintenance. The Company uses its technology expertise to build solutions that meet the scalability, availability and reliability requirements of the modern enterprise. During the fiscal year ended March 31, 2005, it acquired Disha Technologies (India) Limited (Disha), which is a pure play software engineering company with a singular focus on testing. The Company`s operations relate to providing software development services (Aztec) and independent software testing services (Disha), delivered to clients operating, which are primarily located in the United States.

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  Website   http://www.aztecsoft.com
  Industry*   Information Technology

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Aztecsoft Ltd User Reviews

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1. Kunal  Jan 9, 2008 8:37:24 AM IST Reply

Aztecsoft in sell-off talks with MindTree--<br>One of the bigger consolidation moves in the Indian IT sector may be at work, with the promoters of mid-tier software services company Aztecsoft seeking exit. The listed company in which e4e and Canaan Partners hold close to 33% stake has held exploratory merger talks with cross town peer MindTree Consulting amongst others, sources said. The company, which clocked Rs 264 crore revenue last financial year, is believed to be looking at an enterprise valuation of around Rs 500 crore ($125 million). It is believed that Aztecsoft and MindTree, which has been scouting for inorganic growth, are holding direct parleys, sources added. <br> Aztecsoft has been looking at an exit route for quite sometime now either through a synergistic merger with a similar mid-tier company or a possible sell out. It had initiated discussions with a smaller Bangalore-based company for a possible merger but nothing came out of it, sources said. Aztecsoft could be holding talks with other potential suitors simultaneously.<br>Sources said that Aztecsoft has not been able to establish dominant position in the segment it operates, which is very critical for a small or mid-tier company to succeed in an increasingly competitive market. Further, the tightening macro environment for the IT sector, may have accelerated the promoters exit plans. In context, it may be mentioned that any transaction is likely to be preceded by unbundling of promoter holdings, as private equity fund Canaans stake in Aztecsoft is routed through its direct investment in e4e, which is another mid-tier IT services company. <br>

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