CG-VAK Software & Exports Share Price

CG-VAK Software and Exports is promoted by G Suresh and K Manickam, with wide experience in the business of information technology. It was incorporated as a public limited company in Dec.'94. The company set up a 100% export-oriented software development unit under the Software Technology Park Scheme of the Department of Electronics. It entered into strategic alliance with Optimum Technologies, US, for marketing its products and services in the US and with Al-Salmyiah Computer Trading, Dubai, for marketing its products in the UAE. It also set up an office at Dubai to have international connectivity. It set up a separate unit to offer its products and services to the domestic market. It came out with a public issue in Dec.'95 to part-finance its project. CG-VAK provides customised software solutions, pre-programmed application packages, re-engineering, consultancy professional services, multimedia and training. During 1998-99, the USA operation at New Jersey was streamlined. Since USA is th largest importer of Indian software has a relative high usage of solutions in client server environment. It also plans to set up another office in California. The company has obtained ISO-9001 during the year 2000-2001 by Det Norske Veritas(DNV) The Netherland.The company is planning to set up a business development centre at Europe at an investment of Rs 250 Thousand Dollars(Approx Rs.1 Crore) which would be met by internal sources.The project is expected to start at early 2002.