The Offering ( can be change at last moment, subject to demand )

Common stock offered :-  4,400,000 shares common stock par value $0.01

Common stock outstanding after this offering :-  22,826,867 shares of common stock par value $0.01

Offer price range :- $14.00 and $16.00 per share

Business Overview/Outlook

For offer/objects of issue check Offer/Objects, For valuation report of issue check Valuations

IT services normally includes 

• Software/application development :- Includes development of a software/application as per client's need and demand.

• Consulting :- Includes telling the client what it needs, why it need, and benefits of a software/application

• Software/application migration :- Includes helping a client to shift to a new and better software/application without effecting its day to day working

• Software/application implementation & testing  :- Installing a new/updated software/application or packages in client's system and making it work as per requirement.

• Software/application maintenance :- Taking over a running software/application and maintain its standard as per  client's requirement. 

• Software/application enhancement :- Enhancing an existing software/application as per client's requirement 

Offshore IT services mean providing IT services from a cheaper location away from clients location.

Like when a service provider develop a software in India for a client situated in USA, this called as offshore IT services.

People normally mix the BPO services with IT services but in actual both are totally different things

In BPO services normally clients tells the services provider:

• What to do and 

• How to do 

And the service provider just has to deliver the same.

But in IT services normally clients just tell service provider;

• What it want

• Where it want

• And by what time it want it to be done

And its service provider's duty to develop/enhance, implement/migrate and test the software/application as per requirement and within desire timeframe.

Outlook (Offshore IT services)

Off shoring of IT services is expected to continue not only because of cost advantage but mainly due to availability of required skills and quality of services.

Main concerns about Industry future is;

• Currency movements. (Dollar has shown steep decline against other currencies. this can hit offshore IT companies hard)

• Slowdown in costumer industries.

• Any Govt. restriction.