Maars Software net up 90%
maars-soft.com
Our Chennai Bureau (ETonline)
27 JULY
THE CHENNAI-based Maars Software International Ltd has posted a 89.93 per cent jump in net profit at Rs 3.51 crore, in the second quarter ending June 30, 1999 over Rs 1.84 crore in the same period last year. Turnover has gone up by 53.14 per cent to Rs 14.05 crore (Rs 9.17 crore). Export turnover recorded a 62 per cent growth.
The firm has entered into an agreement with CCG GmbH of Germany for implementing and supporting SAP projects in Europe. Maars has commenced operations in the area of e-business as IBM ATP and has set up centres in Chennai, Bangalore, Baroda, Vijayawada and Coimbatore.
In the second quarter, an additional 12 site licenses of the flagship product — Maarsman have been sold. The company also launched the specific version of Maarsman for the vertical market segment of package industries. This version is to be extended to four more vertical segments in the current year.
Maars has signed a co-operative development and marketing agreement with a German company, PMK. Dedicated to project management skills and software, it is the business partner of SAP and Microsoft. The agreement is around PMK's flagship product SAMi.
The product provides a seamless link between project systems in SAP to Microsoft projects both upward and downward. Under the tie up, Maars will develop additional modules with specifications from PMK and the same will be integrated to release SAMi version 2.0. These modules are for capturing cost and resource information from the SAP database.
Maars will have exclusive marketing right of SAMi 1.0 and all versions thereafter in the territory of entire North America, including USA, Canada, UK, entire Asia including India and South East Asia and Australia. |
