Enter the first few characters of Company and click 'Go'

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.

-The Company recommended a dividend of Rupee One per share (10%).

-Megasoft signs unprecedented multi-year, multi-million dollar ASP Agreement with US Company.

2008

-The Company recommended a dividend of 12% on equity shares of Rs 10 each

2010

-Megasoft created Innovation Centers to focus on the identification, nurturing, testing, and delivery of additional new solutions to the markets

-Megasoft plans $25 mn buyout in Latam, Europe.

2011

-The Company Appointed Mr. G V Kumar as Managing Director of the Company.

2012
- Megasoft bets big on near field communications.

2015
- "Megasoft launches XIUS AMPLIO to Accelerate Telecom and Internet Providers Data Revenues".
- Patent Awarded to Megasoft for Method of Performing Authentication and Service Translation for MVNOs
- Megasoft Awarded NFC Patent by USPTO.

2016
-Megasoft arm partners with Maxcom to launch MVNOs in Mexico.

2017
-Megasoft bags contract from BELTRON.

2021
-The company issued rights shares of Rs. 10 in the ratio of 2:3 at par.

2022
-Megasoft Limited has informed about Acquisition of stake in Extrovis AG, Switzerland

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article