Aftek's 100% subsidiary Arexera AG enters into a strategic tie-up with BDT AG

Aftek Ltd has announced that Arexera Information Technologies AG ("Arexera") a wholly owned subsidiary of the Company has entered into a strategic tie up with BDT AG, of Germany, world leaders in data storage systems. Under the terms of the tie up, Arexera will license its state-of-the-aft search technology for BDT's new data storage device "Gingcom Appliance".

Gingcom is an IT-solution, which enables organizations to find, restore and use every document created or received through email, only through a single click, even after years. The service is as simple as that provided by a search engine in the Internet. It archives all PCs, Notebooks, Server, Application systems, user data and profiles are automatically stored, doubly backed-up and, ensuring legal compliance.

For each appliance sold by BDT, Arexera will be entitled for a royalty payment of about 250 Euros. BDT has targeted sales of between 50,000 to 70,000 Gingcom appliances through its own network as well as its OEM partners, during a full year of operation. The Gingcom Appliance was launched the CeBIT 2007 held recently in Hanover.

"Aftek is one of the few IT Companies in India to aggressively pursue IP not just rely upon the traditional IT services model. This deal, which was won against intense competition from major suppliers, has only underscored to the soundness of this strategy," Ranjit Dhuru, Chairman and Managing Director of the Company.

Source : Equity Bulls

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