FCS Software Solutions has successfully inaugurated subsidiary in Middle East, Ras Al Khaimah - Free Trade Zone (RAK FTZ) and entered into agreement with MACNES in UAE for promoting and selling its services to their clients.

There is a significant demand for their services in Middle East, Africa and East nations.

Company is engaged in open source competency, microsoft technologies, oracle based applications, content management systems, work group software, remote infrastructure management, e-learning & digital contents. This action will also help FCS to grow its geographical footprint apart from substantial boost in revenues.

The board of directors showed their pleasure in this deal and the management assured the board that estimated revenues out of this partnership will be about Rs 1 billion during this year which will increase the total turnover of the company to the tune of Rs 3.50 billion and net profit to Rs 400 million.These estimates are based on gunner survey conducted in April 2009 on EMEA Market conditions for IT Budgets and it pointed to positive software spending in 2010.

FCS has been managing IT consulting services, e-learning and digital content management, application helpdesk, and infrastructure management services for the past 16 years. it`s esteemed clientele including fortune 500 companies in office automation, retail, software, food and beverages, and investments banks among others. FCS technology partners are Microsoft, Oracle and IBM.

Shares of the company gained Rs 4.7, or 3.75%, to settle at Rs 129.95. The total volume of shares traded was 1,133,621 at the BSE (Wednesday).