Chennai-based California Software Company Ltd (Calsoft) has bagged a prestigious order to implement its trading and supply chain software solution for Ocean Energy FZE, a Dubai-based major in the oil trading business.

Ocean Energy has seen enormous growth recently and requires an effective system to ensure controls and to improve productivity. Calsoft’s solution would seamlessly integrate Trading, Risk Management and Operations transactions and an online information system that is crucial for trading decisions.

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Hassan Gozal, vice-president of Ocean Energy, said, "California Software had the best background to provide the solution to suit our business requirements backed by their years of experience in delivering similar solutions." The company’s businesses are spread in various geographies - Dubai, Azerbaijan, Turkmenistan and Switzerland.

J K Nair, chief operating officer of California Software, said, "This is a breakthrough in the Middle-East market for Calsoft where we plan to expand our operations and provide solutions tailored to cater to the region’s business community."

Calsoft is a public limited company in India with a global presence. Founded in 1992, Calsoft today employs over 800 people. Its development practices are certified at CMMi Level 5. With development centres in Chennai and Bangalore, India and Pleasanton, (California), Boston and Omaha in the US, the group has marketing offices in the US, UK, Japan, Singapore, Dubai and India. Calsoft is listed in India at NSE (cali.ns) and BSE (cali.bo). For more details on Calsoft visit www.calsoft.co.in

Ocean Energy, part of the Intersun International Group of Companies, is a large trading subsidiary in fuel oil and other petroleum products. The group's primary investments are in vegetable oil processing, tea processing and packaging, corrugated carton manufacturing, construction and international petroleum trading. The company maintains its relationship with several other ventures with important international companies in commodities trading.

R Rangaraj

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Published on July 14th, 2006

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