Laser Soft launches new software development center

By siliconindia   |   Monday, 30 September 2002, 19:30 IST
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NEW DELHI: Laser Soft Infosystems Ltd. (LSIL), a software product company, Friday announced the setting up of its new software development center in Chennai to boost market presence. The center, equipped with state-of-the-art facilities, has the capacity to seat 150 software professionals and would be fully utilized for software exports, said Suresh Kamath, chairman and managing director of Laser Soft. The development center, which is the company's third facility in Chennai and its sixth in India, has been registered with Software Technology Park of India, Kamath said in a statement issued here. The company has also announced its foray into the business process outsourcing (BPO) services segment through Laser Soft BPO Limited, a wholly owned subsidiary of Laser Soft. "With our experience in software development and domain expertise gathered over 16 years, the company is poised to take advantage of the BPO opportunity," said Kamath, adding that the it would provide services to the banking and financial sectors. Laser Soft has also launched Laser Twig, a cost effective bank automation software. This software is targeted at bank branches located in small towns and rural areas, where investment on full automation is not feasible. With this software, a small branch can be computerized at a total cost of 200,000, including the hardware, compared to the cost of computerization of 1.5 million for other branches, said the company statement. Laser Soft currently has over 450 employees in its six development centers and customer support centers in Mumbai, New Delhi and Muscat.

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