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News >> Technology >>
Helios bags Hughes, Sasken orders
By siliconindia staff writer
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Tuesday, 12 October 2004, 19:30 IST
CHENNAI: IT services company Helios & Matheson on Monday said it has been chosen by telecom software firms Hughes Software Systems and Sasken Communications for developing advanced technology service for embedded systems and wireless technology.
With this, the Chennai-based Helios & Matheson has added two more contracts to its growing list of telecom clients which include Cisco, Samsung and Tata Elxi, a company statement said here.
"This is a proof of our ability to build thought leadership and technology competencies in the areas of wireless, broadband and embedded systems. This firmly establishes our offering as a top class solution in the telecom space," V Ramachandiran, chairman, Helios & Matheson, said.
Bolstered by its strong performance, the company had planned an aggressive growth to $100 million in revenue through organic growth complimented by a focused acquisition strategy. The company was also planning to attain a critical mass of 2000 employees by 2006, he said.
V Venkatakrishnan, head (competence development centre), Sasken Communications, said the company was impressed by the domain expertise of Helios & Matheson.
Helios & Matheson had recently approved 1:1 bonus issue of shares at its AGM recently. The record date for the bonus issue has been set at October 29, 2004.