Home  »  Company  »  Cambridge Technology Enterprises Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Cambridge Technology Enterprises Ltd. Company History and Annual Growth Details

Cambridge Technology Enterprises Limited (CTEL or 'the Company) was
originally incorporated on 28th January 1999 as Unique Solutions (India) Private
Limited at Hyderabad, Andhra Pradesh under the Companies Act, 1956 vide
Registration No. 01-30997 of 1998-99. The name of the Company was changed
to Cell Exchange (India) Private Limited on 21st January 2003 and subsequently
to Cambridge Technology Enterprises Pvt Ltd on 12th March 2004 which was
reverted back to its old name i.e. Cell Exchange (India) Private Limited on 22nd
July 2004 and on 16th March 2005 the name was changed to Cambridge
Technology Enterprises Private Limited. Thereafter it was converted into a public
limited company after passing the necessary resolution in the Extra Ordinary General
Meeting held on 14/03/2006 and the Registrar of Companies, Andhra Pradesh,
Hyderabad had issued a fresh certificate of incorporation consequent on such
conversion on 31/03/2006 and the present name of the Company is Cambridge
Technology Enterprises Limited

The Registered Office of the Company is situated at 4th Floor Sufi Chambers, Road
Number 1, Banjara Hills, Hyderabad - 500 034, A.P., India. The Company has presence
in Cambridge, Massachusetts in the USA.

At the time of incorporation the Registered Office of the Company was situated Flat
No.607, Annapurna Block, Aditya Enclave, Ameerpet, Hyderabad. On 2nd November
2000, the Registered Office was shifted from the said address to Flat No. 188 & 189, RR
Towers, Kavuri Hills, Madhapur, Hyderabad. With effect from 4th March 2002, the
Registered Office of the Company is shifted to the present address.

BACKGROUND

Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business
solutions provider, headquartered in the Massachusetts Institute of Technology (MIT)
campus at Cambridge, Massachusetts. CTE is positioned at the heart of the technology
innovation and thought leadership around service oriented architecture (SOA) emerging
trend. CTE's core competency lies in its collaborative delivery model, a solution delivery
approach that aligns business, technical, and user stakeholders; includes partner
technologies and services as necessary; and uses a general contractor model to
deliver end-toend solutions.

CTE promoters have successful track record for building high market-value companies
based on emerging technology trends. These successful companies include:

Cambridge Technology Partners (CTP), Founders. CTP was founded to capitalize on
UNIX. CTP was acquired by Novell in 2001 I-Cube, Founders: I-Cube focused on
mainframe migration using proprietary tools, completed IPO in 1998; merged with
Razorfish in 1999.

Open Environment Corporation (OEC) - Founders. OEC focused on building middleware
tools for simplifying development on DCE platform Completed IPO in 1993 and later
acquired by Borland International in 1995 Primix Solutions, Inc., public - Founders.
Primix focused on building development platform on ERP packages. Primix was
acquired by BurntSand in 2004 C-bridge Internet Solutions IT solutions, Founders.
C-bridge focused on building e-business applications for G2000 companies.
C-Bridge completed IPO in 1999 with one billion dollar market value in five months.
C-bridge was acquired by Progress Software in 2002.

CTE is focused on capitalizing emerging SOA market opportunity, real time enterprise
technology and mobile computing trends, based on a single promise (same as its
successful predecessor companies): to deliver the right business results on time and
on budget. Our Cambridge Collaboration techniques, build on our expertise in business
consulting, system integration and application outsourcing, to help clients perform at the
highest levels so they can create sustainable value for their customers and shareholders.

CTE uses its business-process knowledge, its service offering expertise and the insight
into and deep understanding of emerging technologies to identify new SOA business
and technology trends and formulate and implement solutions for clients under
demanding time constraints. CTE helps clients identify and enter new markets, increase
revenues in existing markets, improve operational performance and deliver their products
and services more effectively and efficiently.

Drawing on a combination of industry expertise, functional capabilities, alliances,
global resources and technology, CTE delivers competitively priced, high-value SOA &
custom business solutions development services that help its clients measurably improve
business performance. CTEs global delivery model enables it to provide a complete
end-to-end SOA delivery capability by drawing on its global resources and suppliers to
deliver high-quality, cost-effective solutions to clients under demanding timeframes.

Clients choose CTE because of its commitment and determination to do whatever it
takes to deliver meaningful results for them. CTE has a relentless focus on making an
impact on its clients businesses. CTE is able to deliver superior returns for its clients by
addressing the biggest problem that most companies face when purchasing
business-enabling technology projects: the majority of technology projects today are
finished late or over budget, lack promised capabilities or simply are never finished.
Using its unique Cambridge Collaborative methodology, CTE plans, designs, implements
and manages technology solutions that are designed to deliver tangible business value
to its clients in the form of increased revenues, reduced costs and more effective utilization
of assets. CTE delivers services and solutions for the price and within the time frame we
promise to our clients, further enhancing the return to the clients on their technology
investment.

Over the years, CTE has acquired strong expertise to develop large, long-term customer
relationships, by demonstrating an understanding of its customers business requirements
through its industry expertise and by continually providing high quality services in a cost
effective manner.

CTE is an innovation-based business serving the SOA & application development and
management needs of enterprises and institutions worldwide. It defines SOA innovation as
the intersection of business insight and technological invention. CTE seeks to deliver client
success - in whatever ways its clients define success - by giving them differentiating
capabilities that provide unique competitive advantage.

Major Events in the History of the Company:

Year Event

28th January 1999 Company Incorporated as Unique Solutions (India) Private Ltd at Hyderabad
21st January 2003 Name changed to CellExchange (India) Private Limited
December 2003 Attained CMM Level 4, appraised by KPMG, India
12th March 2004 Name changed to Cambridge Technology Enterprises Private Limited
22nd July 2004 Reverted the name back to CellExchange India Private limited
16th March 2005 Name changed to Cambridge Technology Enterprises Private Limited
March 2005 Attained CMMi Level 5, appraised by KPMG, India
31st March 2006 Converted to Public Limited



 
Subscribe now to get personal finance updates in your inbox!