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Zylog Systems Ltd. Company History and Annual Growth Details

Our Company was originally incorporated under the Companies Act as 'Zylog Systems
Private Limited' vide certificate of incorporation No. U30006TN1995PLC031651 dated
June 1, 1995 issued by the ROC. Pursuant to a resolution passed on March 29, 2000,
the Company made an application under Section 44 of the Companies Act to the ROC
to convert itself from a private limited company to a public limited company. In terms of
the requirements of Section 44 of the Companies Act, our Company also filed a form of
statement in lieu of prospectus with the Registrar of Companies, Tamil Nadu on March
29, 2000. Pursuant thereto, the name of the Company was changed to 'Zylog Systems
Limited' and a fresh certificate of incorporation consequent to change of name was
issued by the ROC on May 11, 2000.

MAJOR EVENTS

Year Events

1995 Incorporation of the Company

First offshore contract obtained from Rand Software Corporation, Vermont
in Mobile and Wireless space to provide data synchronization between server
and hand-held device (Sharp Zaurus).

Opened our first offshore development center in Chennai

Established our first sales and marketing office in New Jersey, USA

1996 First onsite / offsite contract with a leading health insurance company in Business
Intelligence (Actuate development)

1997 Opened our New York branch office and initiated the sales and marketing efforts in
the downtown Wall Street area

1998 Started our SI / VAR partnership practice.

1999 Certified as ISO 9001:2000 for software development process by Det Norske Veritas
(DNV)

2000 Launched our products Z*Connect and Z*PRISM in the mobile and wireless space in Las
Vegas International convention of VAR Partnerships

2002 Acquired three businesses namely Silver Spring Technologies (MD), Schumacher
Consulting (MA) and Schmidt Systems (VA) primarily expanding our Business Intelligence,
Data Warehousing and Application Integration solutions

Started a 100% wholly owned subsidiary Zylog Systems (UK) Limited.

2003 Strategic partnership with BCSIS (subsidiary of OCBC, Singapore) to market and implement
their banking products in India Best of show - TechXNY winner

2004 Two more businesses acquired namely Impeksoft, Inc and JDAN Systems, Inc
Revenue crosses Rs. 1000 million

2005 Incorporated a 100% wholly owned subsidiary, Zylog Systems (India) Limited to cater to
domestic business

2006 Ranked 89 in Indian IT companies by Dataquest's DQ TOP 20

CMP Media recognizes the launched 'Get IT Together' partnership program

Ranked 318 among North America's TOP500 Technology Integrators ' VARBUSINESS
Business Magazine

2006 Opened a 100% wholly owned subsidiary in Singapore to cater to APAC region

2007

-Preferential allotment to Unit Trust of India Investment Advisory Services Limited A/c Ascent
India Fund and Argonaut Ventures

-The initial public offerings of Zylog Systems have got good response in the markets and have been subscribed by 76.45 times. The IPO of Zylog got bids across the price band of Rs 330-350.

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