Megasoft Limited (BSE CODE NO: 532408), a transnational Intellectual Property-driven, product-based technology company, has been chosen by MTNL, New Delhi, to provide roaming management services and also focus on setting up Agreements. Megasoft’s telecom division XIUS is a leading provider of highly specialized solutions to the telecom industry.
Under the deal Megasoft will provide core services to MTNL, New Delhi, including signing up of roaming bilaterals. The offer also includes roaming management services. This agreement will benefit millions of MTNL subscribers as this innovative XIUS solution to MTNL provides Instant access to subscribers and enable an automatic selection of network while roaming instead of manual switching over the network.
Commenting on the deal, Mr. GV Kumar, MD & CEO, Megasoft Limited, said “MTNL is one of the largest telecom companies in India and we are delighted to be their chosen partner. This will particularly result in an increased customer satisfaction level and also widen MTNL’s roaming network with the help of our manpower expertise and services. This cutting edge service from XIUS would enhance their customer satisfaction and also the revenue generation opportunities.”
About Megasoft Limited
Established in 1994, Megasoft is a transnational Intellectual Property-driven, product-based technology company that focuses on its expertise in the growing Telecom sector. The company has initiated a strategic transition – from a midsized IT services company to a leading domain-led Intellectual Property (IP)-driven technology company. Megasoft is a SEI CMM Level 4 company that operates out of USA, UK, Singapore, Malaysia and Germany, and in Hyderabad and Chennai in India. Megasoft is publicly listed in the Bombay Stock Exchange and the Madras Stock exchange. Megasoft has a January~December Financial Year. For the fiscal ending December 31, 2005, the revenues stood at Rs. 115 Crore (Rs.85 Crore for full year FY 2004) and profits were Rs. 20 Crore. After the amalgamation of Xius with it in 2004, Megasoft’s Telecom offerings are now being offered to Telecom operators across all continents. Additional information about Megasoft is available at www.megasoft.com
XIUS (www.xius.org), the telecom division of Megasoft, is a leading global provider of Convergent Billing, Advanced Roaming and Interoperability solutions to Wireless and Wireline Operators, MVNOs, ISPs and other Network Service Providers.
