Fortune Info to raise funds for global expansion

Monday, 17 November 2003, 08:00 Hrs
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HYDERABAD : Software products firm, Fortune Informatics, has appointed a UK-based market research organisation to help formulate marketing strategies and suggest ways to raise funds in supporting its marketing plans. The company plans to raise funds for making a foray into global markets from the next financial year.

The company’s managing director C K Shastri said at a press conference that the company is weighing options such as debt or equity routes, including a preferential offer to raise the required funds. A firm decision is expected to be taken by end of November this year. Mr Shastri, however, did not want to name the UK consultant but added the marketing research firm is expected to submit its report by November 22.

Fortune is a software products development company with a range of solutions in imaging, workflow and enterprise-wide document management.

Fortune is a software products development company with a range of solutions in imaging, workflow, enterprise-wide document management and output management solutions. According to Mr Shastri, the focus verticals would be limited largely to banking, insurance and telecom service sectors both in India and abroad.

The company has partnerships with hardware firms such as Ricoh and NRG Group on a global scale, while its domestic partners include Tata Infotech, PSI Data Systems, CMS Computers, and BillJunction Payments. The company has launched its latest product offering the k-Click ReportSuite ‘ Enterprise ’.

Source: IANS
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