CMC - Massey's CMCTEC leads 3 NZ tech firms to export deals in India

CMC Ltd has announced that CMC Technology Export Centre (CMCTEC), a partnership between Massey University's e-centre Ltd and the Company on July 05 announced that it has brokered three new export deals for New Zealand technology firms with its Indian partners.

CMCTEC Head of Commercial, Dr. Hamish Coop, said the deals represented considerable success for the CMCTEC's new export model within its first six months.

"We started CMCTEC to give New Zealand technology Companies better and easier access to a critical international market. We are delighted to see these very positive results so quickly."

"I think this rapid uptake underlines the international quality of New Zealand innovation and the real value CMC's networks provide in successfully taking it into Indian and global markets," he said.

The three New Zealand Companies to reach deals in India through CMCTEC are: Sonar6, the developer of unique graphics-based ‘talent management’ software for assessing and managing staff performance; SMX Ltd, makers of anti-spam and anti-virus software; and Digital Learning Solutions (DLS), a software development Company specialising in e-learning platforms.

The first of these deals will see the Company act as a Sonar6 reseller. Initially, the Company will concentrate their efforts in India; however future plans also include taking the Sonar6 software to market in the Middle East and Africa. To date, the Company has negotiated three pilot projects with key multinational Companies on behalf of Sonar6.

DLS has granted the Company exclusively to re-sell its learning management system within a similar territory and the two Companies are currently working to close a deal with a large training organisation operating across ten countries in the territory.

SMX is entering into a technical trial of its anti-spam service with the Company with a view to a re-seller arrangement should this be successful.

CMCTEC, bused at Massey University's e-centre in Albany, is a partnership between the e-centre and the Company, a subsidiary of the Tata group, India's best known business conglomerate. CMCTEC optimises the potential for qualified New Zealand technology Companies to overcome many of the traditional barriers and risks of entering India's lucrative global technology market, from cost and distance to overcoming cultural challenges and establishing credibility.

After validating interested New Zealand Companies and their technology, CMCTEC introduces them to market opportunities within the Company's large networks.

The Company's CEO, Mr. Ramanathan Ramanan, welcomed the deals, saying, "introducing technologies of this quality into the CMC product set provides us with an edge in India and globally. We look forward to partnering with more New Zealand Companies that come to us through CMCTEC as we continue to expand."

New Zealand Trade and Enterprise is significantly supporting CMCTEC, and its ICT Sector Director Hans Frauenlob said that partnering with multinationals like CMC is a smart business model.

Source : Equity Bulls

Keywords