Cranes Software Ranked Among Asia's Fastest Growing Technology Companies
Bags Deloitte Technology Fast 500 Asia Pacific Award ranking for the third successive year
Bangalore, December 12, 2005:
Cranes Software International Ltd., a global scientific and engineering software solutions provider, has been recognized as one of the fastest growing technology companies in the Asia Pacific region by Deloitte Technology Fast 500 Asia Pacific 2005 program for the third year in succession. Cranes Software's revenues grew 165% from FY 2003 to FY 2005.
This award, instituted by Deloitte Touche Tohmatsu to recognize the fastest growing technology companies in the Asia Pacific region, is the most objective of its type in the TMT space. Cranes Software bagged the award after a rigorous selection procedure that considered its revenue growth, among other considerations.
"It is an honor to be recognized amongst the fastest growing companies the Asia Pacific region by Deloitte. This is the third time in succession that our company has been picked for this award. This recognition further motivates us to pursue our growth objectives and we hope to maintain this momentum of outperformance by expanding the opportunities available to us in the scientific and engineering software space," said Asif Khader, Managing Director, Cranes Software International Limited.
Earlier this month, Deloitte Technology Fast 50 India Program recognized Cranes Software as one of the 50 fastest growing companies in India. The Company was also awarded the "Distinguished Application Product Company Award" by the N.S. Raghavan Centre of Entrepreneurial Learning Centre of Entrepreneurial Learning (NSRCEL), Indian Institute of Management, Bangalore (IIMB) under the aegis of the NASSCOM Product Forum.
Cranes Software has built a significant portfolio of proprietary software and these include leading software brands in the visualization, analytics and engineering space, each of which has a strong position in the global scientific and engineering software segment.
Cranes Software posted operating revenues of Rs. 1,633.8 million in FY 2005. Over the two last years, it grew at a Compounded Annual Growth Rate of 63.6%. Further, in the first six months of the current fiscal year, revenues have grown by 46.5%. Proprietary products owned by Cranes Software, namely SYSTAT, Sigma Product Line, TableCurve 2D, TableCurve 3D, PeakFit and NISA, make up 80% of total revenues.
About Cranes Software International Ltd. (CSIL)
Cranes Software is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. Focused on the scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large multinational companies to government, defence, educational and research institutions for over a decade.
Today, Cranes Software has its presence in 33 countries across the world and has a user base of more than 350,000. Cranes Software also offers world-renowned solutions from reputed principals such as The MathWorks, Texas Instruments, IBM through product alliances.
With a mission statement to provide its customers the best in scientific technology and to enable its customers to define new limits, Cranes Software is setting new standards in the scientific and engineering field.
For further information on the company, please visit www.cranessoftware.com
For further information, please contact :
Contact : Amrita Dhindsa (Cranes Software International Limited)
Phone : +91 80 51120000
Fax: +91 80 51231274
E-mail :
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Contact : Shiv Muttoo (Citigate Dewe Rogerson)
Phone : +91 22 4007 5036
Fax: +91 22 2284 4561
E-mail :
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