Cerebra Integrated Technologies Ltd has informed BSE that the Company is meeting the Press to inform them on the future plans of the Company. The Company has further informed BSE regarding the information that will be disseminated amongst the press titled “Cerebra bytes into a new high-growth path”.
In this regarding the Company has issued the following information?s :
“They say tough times don’t last, tough guys do, and Cerebra Integrated Technologies has proved the saying right by charting its business on a new high-growth path that seems all set to generate tremendous value for its shareholders.
Once upon a time, way back in 2001, Cerebra was impacted by knock-out twin blows in double quick time ? the World Trade Center Terrorist strike and the consequent wars that followed. Those days, many businesses folded up, some went down the tube while a handful held on to their goals.
Cerebra was one of those who believed in their vision and that strength made them cling on to the little rope they had. They strived hard, worked on revival plan and implemented new business strategies, renegotiated with their lenders, got on board a few powerful investors (including a globally renowned private equity investor), got off the BIFR list and managed to pull off the impossible they became a debt free Company looking a bright, new revitalized future.
Once a debt-free status was achieved, Cerebra focused on niche ITeS (Information Technology Enabling Services) areas that promised to bring with them a new era of high - growth and maximized-profits. Cerebra demonstrated its resolve by embarking on a 150- seater medical transcription center that caters to UK clients, and a Legal Process Outsourcing (LPO) venture, which is now undergoing trial runs. Cerebra is also on the verge of entering the KPO (Knowledge Process Outsourcing) business ? it is about to initiate an Architectural Outsourcing Unit anytime in the next 1 month.
Cerebra has also enhanced its core business model by entering into strategic joint ventures and tie-ups. For its LPO unit, it has tied up with PANBEMA, a legal firm based in UK. The agreement has committed to a minimum turnover of 1 Million Sterling Pounds in the first year of operations. Another important joint venture has been sealed with Red Sun Consulting India, which offers SAP training to corporate customers. Red Sun Consulting is among the top SAP trainers and its impressive roster of clients includes Reliance, Siemens, SAP AG and ARAMCO (UAE). This JV is plan to acquire SAP partnership for offering Business by Design product which will complement its efforts in to BPO.
This is not all ? Cerebra?s also making the following aggressive moves:
1. Acquisitions of software companies in Europe and USA that will help Cerebra achieve a high ranking in the KPO and LPO market.
2. It has established a branch office in Atlanta, USA, which is scouting for contracts and acquisition of firms involved in the Projects and Consulting area.
3. It has entered into a meaningful collaboration with an American Company for design and development of RFID (Radio Frequency Identification) Tags and Master for a new, innovative product designed exclusively by Cerebra. This new exciting product has been showcased in important markets and has received an overwhelming response. Cerebra will begin production of this product by the 1st week of June, 2008, and it expects to sell 1 million units within 12 months of the production date.
4. The Company has revalidated its ISO 9001: 2000 certification and plans are on to commence operations on Six Sigma.
Meanwhile, the Company?s Electronic Manufacturing Services (EMS) division is aggressively pumping energy in its marketing efforts in order to capture a considerable share of the EMS market. Plans are also afoot to set up an R & D Wing (Hardware and Firmware) for the American and European markets.
Cerebra is now an important player in the Information Technology industry. It has strong capabilities to design, develop, prototype and build customized products and solutions in critical areas such as to computing, wireless and related products. Its services range from design engineering, assembly of printed circuit boards, assembly of electromechanical subsystems and complete systems to manufacturers of telecom equipment, computers, consumer electronics, industrial electronics, automotive electronics and medical instrumentation.
Today, Cerebra employs over 85 professionals and has facilities in 2 countries (USA, UK, and of course, India). The turnover for the year ended has risen to Rs 3.89 crores, with the annualized earning per share at Rs 6.51 per share (due to write back from Bank). And the future appears extraordinarily bright.”