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    AURIONPRO   INE132H01018

AURIONPRO SOLUTIONS LIMITED

(AURIONPRO)
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Delayed Quote. Delayed NSE India Stock Exchange - 06/18 07:14:07 am
147 INR   -1.64%
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aurionPro Solutions Limited : aurionPro Solutions to acquire SeeInfoBiz, a global products and services company

08/07/2012 | 08:14pm EDT

aurionPro Solutions Ltd. (NSE: AURIONPRO, BSE: 532668), a leading banking products and services company, has signed an agreement to acquire 100% control in SEEinfobiz Private Ltd. The closing of the transaction remains subject to Shareholder and other
regulatory approvals.

Headquartered in Mumbai, SEEinfobiz is a regional leader that has a long track record of delivering complex e-statements and unified customer communication solutions to Telecom, Insurance, Logistics & Banking industries across the globe. These solutions
help reduce customer servicing costs significantly and improve turn-around times. The solutions address all modern channels of communication such as web, email, tablets, mobile and print. Being a one stop shop for customer communication, SEEinfobiz provides significant opportunities for revenue generation through targeted marketing for cross-sell and up-sell opportunities to large enterprises. The Company has a consistent yearly growth since inception.

Commenting on the deal, Mr. Amit Sheth, Managing Director of aurionPro said: "This is a significant step towards realising our vision of becoming a top provider of BFSI, telecom products and solutions globally. This transaction not only expands our product portfolio significantly but, also adds an enviable list of global clients across BFSI and Telecom sectors. This will also expand our presence through mutual cross-sell."

Ms. Nisha Sidhwani, CEO of SEEinfobiz says: "We are very excited to be part of the aurionPro group. This transaction will provide an outstanding opportunity for us to expand our operations, management bandwidth and client serviceability globally. aurionPro's larger Balance Sheet size and management bandwidth will help us target enterprise deals and expand our offerings from product to SAAS and platform operations."

About aurionPro
aurionPro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1250 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world's fastest growing technology companies. For more information, visit www.aurionpro.com.

About SEEinfobiz
Founded in 2000, SEEinfobiz is a Global Software Product and Services Company headquartered in Mumbai. With nearly 1700 plus man-years of experience in delivering complex mission-critical systems to key market sectors around the globe, SEEinfobiz has achieved a consistent yearly growth rate since inception. SEEinfobiz has amongst its clients some of the leading players, both large and medium, in the BFSI, Telecom, Retail and Logistics domains having terabytes of data & millions of customers. The company is a leading player in the market for unified customer communication through statements and one to one marketing.

About EXELIXI
The managers for this transaction were Exelixi Management Company Private Limited (EMCPL). EMCPL, headquartered in Mumbai, who work with businesses and brands to help set up and manage new business lines as well as aid in capital raising efforts.
set up in 2008 by Prasar Sharma and Amit Chaudhary, both graduates of the 2003 batch from IIM Bangalore.

CONTACT EXELIXI:
Bijal.vora@exelixi.in
Tel: +91 22 65666060

CONTACT AURIONPRO
mehul.raval@aurionpro.com
Tel: + 91 22 6770 7713

CONTACT SEEINFOBIZ
sales@seeinfobiz.com
Tel: + 91 22 4225 5000

For aurionPro Solutions Limited
Mehul Raval
Company Secretary

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Financials
Sales 2021 3 740 M 50,4 M 50,4 M
Net income 2021 -1 219 M -16,4 M -16,4 M
Net cash 2021 49,5 M 0,67 M 0,67 M
P/E ratio 2021 -2,56x
Yield 2021 -
Capitalization 3 352 M 45,2 M 45,2 M
EV / Sales 2020 0,49x
EV / Sales 2021 0,82x
Nbr of Employees 1 029
Free-Float 40,7%
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Managers and Directors
NameTitle
Paresh Chandulal Zaveri Co-Chairman & Managing Director
Vipul Parmar Chief Financial Officer
Amit Ramesh Chandra Sheth Co-Chairman
Yogesh Songadkar Senior Vice President-Technology
Ninad Kelkar Secretary, Compliance Officer & Head-Legal
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