The Hindu Business Line : Intense Tech to raise funds for marketing

Hyderabad April 10 Intense Technologies Ltd, formerly Fortune Informatics Ltd., plans to raise additional funds either by offer of equity shares to qualified institutional buyers (QIBs) or by issue of Foreign Convertible Currency Bonds (FCCBs).

At the company's extraordinary general meeting held here on Tuesday, the company obtained shareholders' nod to raise additional resources.

The company plans to use this to fund its marketing drive of its two key products — ReportSuite and WebBiz — in domestic and international markets.

The Managing Director of Intense Technologies, Mr C.K. Shastri, in a statement said, "Our flagship offering ReportSuite has been a success in Indian telecom space and accounts for more than 70 per cent share. ReportSuite has also acquired a number of clients in international market. We now plan to offer ReportSuite to other verticals such as manufacturing, banking and insurance."

The company is also going global with the latest version of enterprise wide content management and business process automation solution WebBiz, that helps geographically spread enterprises in better managing workflow and documents .

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