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 The Chennai-headquartered Take Solutions Ltd,
an international business technology company with a focus on
life sciences and supply chain management solutions, is planning
more acquisitions as part of its expansion plan.
The company has entered the capital market
with an initial public offer of up to 2,100,000 equity shares of
Rs 10 each for cash at a price to be decided through the 100 per
cent book building process. The bid/issue will open for
subscription on August 1, 2007. and close on August 7, 2007.
The company has fixed the price band between
Rs 675 and Rs 730 per equity share. The equity shares are
proposed to be listed on the Bombay Stock Exchange Ltd and the
National Stock Exchange of India Ltd.
Srinivasan H R, vice-chairman, Take Solutions
Ltd, said, "The objects of this issue are to raise fresh capital
that can be deployed in the acquisition of companies, businesses
and products as well as to repay the debt facilities utilised in
the acquisition of ClearOrbit Inc, US. We intend to enhance our
product development and our domestic infrastructure facilities.
Our company has a unique business model comprising a flexible
technology platform that caters to a wide range of industries.
Our domain expertise has led to the development of a flexible
product suite in supply chain management & life sciences, and
provides us unique capabilities."
"With a strong focus on growth and
profitability, our strategy revolves around being strongly
product centric, augmented by our service offerings. We have
gathered momentum and aim to gain a leadership position in the
US and Asia-Pacific markets as well as pursue our inorganic
growth strategy with domain-centric acquisitions and entry into
new markets," Srinivasan added.
It has since grown both organically and
through acquisitions. This has facilitated its reach into other
geographies, introduction of another specialised domain, life
sciences; and expansion of its product range.
Headquartered in Chennai, the company has its
SCM Domain Excellence Centre in India. It has a presence in the
US through its Life Sciences Domain Excellence centre located in
New Jersey. It has a significant representation in various
regions across the world through its business development
offices located in India, Singapore, Malaysia and the US.
Currently, Take Solutions Ltd has 16 active
products in the SCM vertical which are housed under the One SCM
suite and six products in the LS vertical under the One Clinical
suite.
As on March 31, 2007, together with its
subsidiaries, it has completed more than 2,500 software
installations for over 250 customers ranging in size from
multinational enterprises to medium and smaller-sized companies.
R Rangaraj
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