Elven Technologies Pvt. Ltd. acquires Indian arm of AMCC
Mumbai, May 05, 2006: Elven Technologies Pvt. Ltd, in which Aftek Ltd. ( BSE code: 530707) has a stake, has acquired hundred per cent stake in the Indian operations, headquartered in Bangalore, of the US based Applied Micro Circuits Corporation (AMCC), a NASDAQ listed company (code: AMCC).
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Mumbai based Aftek sets footprint in Middle- East Market.
Mumbai, April 26, 2006: In a significant business development for Mumbai based Aftek , its associate, German Internet search specialist Seekport Internet Technologies GmbH and its Saudi Arabian partner MITSCO group, launched the internet search engine 'Sawafi' (the word means 'sandstorm'), specially designed to meet the challenges of the Arabic language. The joint venture, Seekport Internet Technologies Arabia FZ-LLC, will be based in Dubai. The contracts were signed at the GITEX IT trade show in Riyadh on April 23 in the presence of Seekport management and MITSCO officials.
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Aftek's subsidiary, Arexera to beef up Pune presence
Pune, March 29, 2006: Arexera Information Technologies GmbH (AIT GmbH), the wholly owned subsidiary of Aftek (BSE code 530707) has focused Pune as the center for having its prime research and development facility in coming months. The R&D centre will be housed in Aftek's upcoming premises for software development at Hinjewadi.
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