Aftek subsidiary signs pact with German software services major

Mumbai, September 21, 2006 - Arexera Information Technologies GmbH, a 100% subsidiary of Mumbai-based software major Aftek Ltd. has entered into a strategic tie up with Munich, Germany-based software major Electroniksystem-und Logistik GmbH (ESG).The tie-up is for a period of five years.

The arrangement will see Arexera and ESG collaborating in offering innovative and individual solutions to the automotive sector, primarily in the area of Automotive Telematics and Embedded Technologies. Arexera will be drawing on Aftek's expertise from its development centres in Pune to execute orders from ESG.

'There are a lot of synergies between ESG and Arexera-Aftek combine and I believe a collabration between the two entities will generate considerable advantages for customers and partners alike,' Simon Khosla, COO Arexera.

Automotive Telematics is a next generation technology and impacts all aspects of the automotive user experience from human-machine interface, navigation, mapping, traffic information, safety and security aids, mobile internet to remote vehicle diagnostics and control.

Aftek is one of the few Indian companies to specialize in Automotive Telematics Embedded Technologies related with the Automobile vertical. Aftek is already providing its services in this field to one of the world's biggest and most prestigious automobile manufacturers - BMW.

The strategic alliance between Arexera and ESG is thus the second customer for the Aftek Group in the last few months from the automotive vertical.

'Aftek has invested significant resources in developing a world class expertise in cutting edge embedded technologies like Automotive Telematics. This is now paying rich dividends in the form of client acquisitions like BMW earlier and ESG now,' Ranjit Dhuru, Chairman of Aftek said.