Saksoft acquired, Acuma Group UK

 

 

Just few weeks back, Saksoft was awarded with CMMi Level 5 Accredition, and now it has acquired Acuma, a UK based high end consulting Firm for about 17 million USD.

About  Acuma : It is UK’s largest, dedicated provider of information value management solutions and strategic consultancy. Acuma works with organizations to consolidate,organize and manage the huge volumes of data collected by suiness. Acuma has built an enviable track record delivering hundreds of solutions ranging from strategic advice to large multi-million pound developments. It is this experience and knowledge base that is encapsulated in their IVM(Information Value Model) framework. Acuma also offers licensing  and training services in Business Objects.

Acuma have industry consultants for information management & BI consulting and several professionals who know BO, Cognos, SAS, Terradata etc. They have a product called Acusend that distributes BO reports in email or Blackberry phones. Also Acuma have an Office @ Hyderabad which is a Offshore Unit.

Explaining the rationale for the acquisition, Aditya Krishna, said that “This is a very synergetic association as the combined entity’s offerings will now be multi-vertical, multi-service with customer facing domain experts and back-end technology/service specialists."

Adding to Aditya’s comments, David Ince (CEO of Acuma) said, “We will now have stronger ability to scale-up the business model through efficient use of onsite resources and leveraging on access to offshore resources.  We will be able to better serve our market with local knowledge and a global perspective”.

Saksoft share Price was up by about 20% in the last 5 days. I think it could have gone more, but this Circuit Breaker is not allowing it to grow

 

Update : Acuma is having a Offshore development team in Hyderabad, and it is also under Saksoft now!!. So, as of now Saksoft have three Development centers in India I dont know whether it will be continued or not!! But as of now, in the Development Center list we have CDC, NDC & HDC (Chennai Development Center, Noida Development Center & Hyderabad Development Center )

Saksoft Achieves CMMI ® Level 5 Maturity Rating

Our company Saksoft has been appraised at (Capability Maturity Model Integration)  CMMi Maturity Level 5. This is considered to be the highest ranking a software engineering company can obtain. Saksoft, before assessed as a CMMi level 5 company, was ISO - 9001:2000 certified and it happened somewhere in 2002, and in 4 years with few hundred employees, Saksoft attains the greatest level once for all, but as per Level 5 we will keep growing always!!

What is CMMi ?

CMMI (Capability Maturity Model Integration) is a collection of best practices that helps organizations improve their processes. It was initially developed by a product team from Industry, U.S. government and the Software Engineering Institute for application to process improvement in the development of products and services covering the entire product life cycle from conceptualization through maintenance and disposal.

Capability Maturity Model^® Integration (CMMI) is a process improvement approach that provides organizations with the essential elements of effective processes. It can be used to guide process improvement across a project,

Business Today, a part of India Today network, adds Saksoft in their top 1000 Private companies, in its recent article. Saksoft ranks 708 out of 1000. This ranking was done on the basis of the value of the company represented by Average Market Capitalization. Best part is that, Saksoft was listed in NSE exactly 7 months ago. Also its in 48th position when we segregate the list in domain wise, viz., Computer Software.

Also there are many other companies like Cyber Media (India) Limited, a well know IT publishers, etc fall below Saksoft. Among the software companies, Saksoft has one of the highest ROCE (Return On Capital Employed) rate. In fact the ROCE is higher than other software  majors like WIPRO, Satyam, I-Flex, Polaris etc.,

Full scanned page of Business Today listing many other company is here.

Hi Sxrxxx,

Thanks for you interest towards Saksoft.
But you see, as a employee of a listed company, I can't share informations to anyone.  So for any types of queries, you can mail to : enquiry (yut) saksoft.com

 My collueges in that dept. will help you to their level best.

ThanX
- Kiruthik

This is my reply to a letter, we will come to that latter.

When you search "Saksoft" in any of the major search engines like, Google, MSN & Yahoo then you will be ending with my page in the first page result itself. So, im getting around 100 clicks for the keyword "Saksoft" from the Search Giants every week.  Due to Referal blacklist problem, my links in Google have gone down. Specifically "Saksoft" keyowrd results to page 3. Hope it will climb soon. And in MSN, my page is the first result & in Yahoo its 3rd.

                    

And moreover I have mentioned that Im working for Saksoft, so I used to get few mails a week asking for the companys' latest deal/projects. But I normally prefer not to respond. But two days back,  I got a mail. Thats, something immoral....

Interested in that letter ??? Scroll down.........

 

Dear Kiruthik,
Let me introduce myself as we don't know each other, or rather you don't know me. I know a few things about you through
www.kiruthik.com. My name is Sxrxxx Txxxe and I'm currently in Pune. My profession is to do equity research and I came across your site when I was looking for information about Saksoft. I required Saksoft information because I've to do research on your company. As the field of IT from the point of view of researching it is new to me, I wanted to know about this industry from somebody working in it. And also a few things about Saksoft. Ofcourse, you need not divulge the things you are supposed to keep secret (and it would be immoral under current SEBI guidance) but some information, you know which is better understood one to one from a person working in that company rather than just going through newspaper clippings and the saksoft website.  I would like to know how company has changed after getting listed, etc., you know, qualitative factors, which are hard to gauge from the plain financial statements.Btw, congratulations on getting Saksoft shares, lucky being one in only two employees to get them through the IPO.
And if you oblige me with this favour, I promise, I would give you sound advice on investing in stocks and mutual funds. My record has been impeccable, and my friends have made some money because of my advice.
So.. Its quid pro quo..

I hope you would provide atleast some information.. Please reply this mail with your contact number and convenient time for you. I won't take more than 15 minutes for my work. If you need few tips, and if we go along well (and I really hope so) we'll ofcourse talk longer..

Thank you,
Reply asap,
-Sxrxxx Txxxe
+9198906xx4xx

Three weeks after the indian IT giant, Tata Consultancy Services Ltd., (TCS) announced its plan to recruit 13,500 people, today as per its schedule, they conducted written test for 2005 passouts(basically for MCA, MSc & BE) in Sathyabama University campus, Madras. As it was a Off Campus recruitment, majority of the IT freshers from all over the state (TamilNadu) attended it. And the main reason is due to its brought down temperment in the eligibility criteria, which is 60% & above, and generally it will be 65 % or 70% in marks.

The long queue for registration

Queue takes many U turn....

The COP in action!!!

I was there with Veera Kumar, for 1/2 an hour around 8 in the morning and took few pictures from my new mobile, Nokia 6260 !!! Actually i thought, it was a mess due to the crowd. But it was not. Senthil Raja, a good old friend of mine told me that they have organised in a neat way. And I had a talk with few more people who came for the exam, and they also confirmed it.

It was a long queue, nearly 2 kilometers from the campus entrance, from 5am!!!! Even candidates who registered after 6:45 in the morning got 1pm & later batch to appear for the exam. Sudha, a MCA fresher & a school friend of mine said that they provided Lunch and she too confirmed that the arrangement was good & which cannot be compared to few of the Off Campus recruitments happened this month by some other IT companies(MNCs). 

Today my company, Saksoft also recruits 2005 freshers, but its happening in our office premises in Mandaveli, Madras.

I was alloted 201 shares. Nearly 35 saksoft employees applied it seems, and only myself &  Mr. Sankaran from the Admin department got it. So its a mere luck. It is due to oversubsription. Nearly, 37 times it was oversubscribed in retail investments sector.

201 shares @ a price of Rs. 30/- so totally Rs. 6030/- Now im waiting for the shares to listed on the NSE. Will be there  in NSE from 10th or 11th of this month. I hope it will exceed Rs. 50 (so that i will have more gain ;) )

For information on allotment  : http://www.saksoft.com/sak_feb05/saksoft_allotment.pdf

Yes, our company is planning for expansion. Listing is on NSE only. We do business in the most of well know banks in abroad and in India. I still feel this is for more reachability of the company. Im planning to take part in the IPO.

For more details visit  http://www.saksoft.com/sak_feb05/saksoftipo.pdf

Update : Aditya Krishna, our Managing Director told press "We have readymade proprietary products like Verisens which allow banks to quickly implement business intelligence solutions that enhance the value of their core business offering,"  regarding the IPO.

Issue price is Rs.30 (Face Value 10 + Premium 20),it is priced moderately less. 25,00,000 Lac shares @ Rs.30 yielding  Rs. 7.5 Crores and  opens on 30th March & Closes on 7th April. But no preference for employees ;)

The risk factor is a elongated banana leaf, it explains a lot..... and I was told by people in Admin that it is oversubcribed nearly 30 times in the 5th day of its opening!!!! I wish I will get.