Financial Daily from THE HINDU group of publications
Thursday, Jun 24, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 24, 2004 |
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Info-Tech
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Software Magic Soft plans to set up sales office Our Bureau
Bangalore , June 23 MAGIC Software Enterprises, an Israel-based IT company, has identified India as a growth market for its products that help enterprises in business integration . Magic Software, which earned a revenue of $60 million last year, hopes India would provide a significant expansion to its future business. The company, which already has its own subsidiary with a support system for product development at its Pune centre, plans to set up sales and marketing offices to promote its products — e-Developer and I-BOLT. The company has focussed on Bangalore, Mumbai and Delhi, besides strengthening its Pune centre, which now has a workforce of 80 people. Addressing a press conference here on Wednesday on the company's plans in India, Mr Meir Koren, Regional Sales Manager (Asia and Pacific and Africa), said: "We are targeting the $300-million development tool market in India." e-Developer helps to develop interactive Web and client/server applications.
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