Arexera launches German search engine
Arexera and its employees acquired 56% stake in Seekport Internet Technologies GmbH. Seekport is the new avatar of erstwhile European search major, Infoseek. Seekport has been ranked number 3 after Google and Yahoo in Germany. Seekport plans to become a pan-European search engine.
Aftek invests into German subsidiary
Aftek takes 49% stake in Munich based Arexera Information Technologies GmbH. Arexera has a suite of products for unstructured data management. These products can be deployed for enterprise and internet search. Aftek plans to position these products for enterprise information management. Aftek also plans to use this German presence to increase its European business.
Powersafe receives Gold Certification
Powersafe, an enterprise-wide Uninterruptible Power Supplies management software, receives Gold Certification for its integration with Unicenter from Computer Associates International, Inc. Apart from stringent technical requirements, Gold Certification signifies the tightest-possible integration with and significant value-addition to the Unicenter-brand of products from Computer Associates.
Investors oversubscribe IPO
Aftek's Initial Public Offering (IPO) gets 66 times oversubscribed. Investors strongly support Aftek's expansion plans to provide affordable, offshore software development services to its clients in the North American markets. Subsequently, Aftek's shares get listed on both the prestigious stock exchanges of India, the Bombay (BSE) and the National Stock Exchange (NSE).
Aftek starts Research and Development center
In order to facilitate development of new products and technologies in the areas of Embedded, Graphics and Network computing, Aftek starts its state-of-the-art Research and Development Center at Pune. Pune, being a University town and also an educational and cultural center, is the best choice for staging Aftek's innovations.
Five Technocrats give birth to Aftek
With a strong desire and passionate drive to serve the Information Technology needs of the domestic market, Five technocrats venture into business with the only capital being their unparalleled, rich and diverse experience.