Microsoft, the world’s leading software producer has signed an Enterprise Agreement (EA), with CAT Technologies Ltd. The EA is Microsoft’s most preferred offering for large corporate clients that have 250 or more desktop PCs. – ensuring that the enterprise partner receives a host of value added benefits along with genuine Microsoft software.

The Microsoft EA will enable CATT Ltd to utilize the latest Microsoft technology, enabling them to use all future software release versions during the Agreement period, receive ongoing support, training components and other value added services.

Microsoft EA stamps CATT Ltd position as one of the premier IT-savvy organizations in India, and also demonstrates the company’s clear commitment to best-in-class business practices and corporate responsibility. CATT Ltd strongly believes that Microsoft can add value to its operations and staff competencies.

“CATT  Ltd. employees will get access to newer software versions as they are introduced in the market. They will also be updated with the skills needed for the upgraded versions. CATT Ltd strives to constantly optimize the use of technology in developing innovative ways of conducting our business. This unique opportunity with Microsoft will enable us to harness the full powers of Microsoft technology and continue to enhance the knowledge of all our executives, to optimize the usage of MS applications.

Said Dhiraj Jaiswal , Chairman CATT Ltd.

 “The 'Microsoft Enterprise Agreement' provides CATT Ltd with a simple business solution, enabling the company to acquire software and receive support services. It also provides CATT Ltd access to new software upgrades as they become available. As a company that employs cutting edge technology as one of its key pillars, we are indeed happy with this agreement and will ensure that we abide by the Intellectual Property guidelines. CATT Ltd is in a key stage of its development, we value the new agreement and we expect it to help the company improve efficiency and enhance productivity.”

said Jithesh Nair, Vice President CATT Ltd.

The enterprise agreement usually provides the client with a standard and professional desktop configuration to include the Windows Operating System, Microsoft Office, and the Core Client Access licenses. Under the agreement, the users will also have access to the full suite of Microsoft Office Automation products.

Microsoft Enterprise Agreement is a Volume Licensing program for large organizations that have 250 or more desktop PCs. The program provides a simple, flexible, and affordable way to buy the latest Microsoft software products.

Enterprise Agreement helps your business standardize IT across the enterprise, simplifies license management, and provides maintenance benefits to help ensure that your company maintains a competitive advantage and to increase employee productivity.

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CATT Ltd today announced significant expansion of its operations in India with the inauguration of a new 20,000-square-foot facility in Hyderabad. These facilities will enable CATT Ltd to expand significantly in the IT region, provide better support to its rapidly growing customer base and tap into the world-class IT talent available in and around Andra Pradesh.

The opening ceremony for the new 20,000-square-foot facility in Hyderabad was presided over by Dhiraj Jaiswal, Chairman, and Jithesh Nair, Vice President and Director of the company. They were joined by Keshav Prasad, Director of IT and other key customers and partners.

“The company is also planning to add another 60,000 square feet of floor space in Hi-tech City, Hyderabad by 2010” said Jithesh Nair, Vice President and Director,CATT Ltd . during the inauguration.

CATT Ltd . tentatively announced that it will add another 600 new employees over the next two years in Hyderabad, INDIA. The current center employs 500 IT Employees.

“The operation will expand to "about 1100" total employees in our new facilities”, said Dhiraj Jaiswal, Chairman and CEO, CATT Ltd . during the inauguration.

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CATT Ltd is entering the niche legal process outsourcing (LPO) business; this industry is mostly dominated by companies started by local lawyers or law firms. This move of CATT Ltd  has created a stir among the existing LPO players and employees.  While the other top IT firms are active in business process outsourcing (BPO), none of them have entered the LPO segment, which on the face it, doesn't have any direct synergies with IT.

CATT Ltd 's VP Jithesh Nair confirmed the move and said the company had taken the decision after studying the market for nearly six months.CATT Ltd which is set to cross $ 25 million in revenues this fiscal, is betting on advantages of scale and a large captive base of corporate, which are already CATT Ltd 's clients of IT, Healthcare and other services.

LPO in isolation may not provide you with scale but along with other services, it helps us build long-term client relationships.  We see this as another step towards becoming strategic partners to customers said Mr. Nair. The company is partnering with an existing 20 year old law firm to market the practices in the US and this division of CATT Ltd  will help in increasing its revenue by atleast by 15%.

One of the major reasons for CATT Ltd to enter the LPO segment is clients stickiness.  CATT Ltd 's entry can have significant impact on stand alone LPO firms, especially in terms of attracting talent and retaining them. This will also give the Lawyer and better viable career alternative and international law practice exposures. 

In next three years, CATT Ltd  plans to grow the LPO service to over 500 people and also start different proactive areas within legal services.  As of now an average LPO firm employees around 250 people. CATT Ltd  is going to invest heavily in this area and intend to have atleast 100 people by FY 09. 

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CATT Ltd has informed that the meeting of the Board of Directors of the Company will be held on February 11, 2008, inter alia, to consider the allotment of share warrants.

Net profit of Company rose by 1627.08% to Rs 8.29 crore in the quarter ended December 2007 as against  0.48 crore during the previous quarter ended December 2006. Sales rose 4210.62% to Rs.4870.74 crore quarter ended December 2007 as against Rs 1.13 crore during the previous quarter ended 31^st December 2006.

Members of the Company at Extra Ordinary General meeting of Company held January 28, 2008, has approved the following,

a)       Increase in Authorised Capital from Rs 36 Crores to Rs 120 Crores.

b)       Issue of 40 lakhs share warrants convertible into  of Rs 10/- each @ Rs 12/- per warrant to promoters on preferential basis.

c)       Further raising USD 20 Millions through issue of Global Depository Receipt Mechanism.

The Company has subject to approved member, has approved issue of 40 lakhs warrants to promoters on preferential allotment basis.  Increase in authorized capital of the company from Rs 36 crore to Rs 120 crores further raising of funds by way of another GDR to the tune US$20million. The board called for EGM of the members on 28 January 2008 to seek approval members. These decisions were taken at the board meeting held on 24 December 2007. EGM of members will be held on 28^th to seek approval for above.

The board meeting of Company is scheduled to be held on 24 December 2007 to consider inter alia,

a)       The proposal is to issue warrants to promoters and persons acting in concert on preferential basis.

b)       To raise funds through GDR to the tune US $20million.

c)       To consider increase authorized capital of the company to  120 crore.

Net profit of company rose by 150.00% to Rs 0.50 crore in the quarter ended September. 0.20 crore during the previous quarter ended September 2006. Sales rose 90.41% to Rs 1 ended September 2007 as against Rs 0.73 crore during the previous quarter ended September 2006.