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Megasoft Ltd. Company History and Annual Growth Details

2001

-Board approves acquisition of Megasoft Consultants Inc., USA at a consideration of US$ 3.25 million, subject to necessary approvals.

2002

-Approves the issue of up to 14,00,000 shares to Interpro Scribe Ltd at Rs 70/- each on preferential basis. Accordingly the Board met on October 4, 2002 and decided to issue 207075 shares to Interpro Scribe Ltd.

2003

-Assessed at Maturity Level 4 in the Capability Maturity Model (CMM) for software of the Software Engineering Institute (SEI)

2004

-Board approves the proposal for merger / amalgamation XIUS India Ltd with the Company, based on the valuation report submitted by M/s Pricewaterhouse Coopers Pvt Ltd. (PwC).

-Satyam Computer has acquired the BSE-listed Chennai-based software services company Megasoft in a stock deal through his own company Xius.

2005

-Megasoft ties up with Registrat

2007

-Megasoft Ltd, telecom technology solutions provider, has completed a definite agreement to acquire US-based Boston Communications Group, Inc (BCGI) in an all cash deal valued at $65 million.
 
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