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Edserv Softsystems Limited
Sector:IT IT - Education and Training
BSE:33055NSE:EDSERVBloomberg:EDSS@INReuters:EDSE.BO
Market Lot: 1Face Value: 10ISIN Demat: INE889J01019
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07-Mar-2012
Business Profile
EdServ Softsystems, formerly known as Lambent Softsystems (P) is a seven year old IT solutions company, incorporated in 2001, with an objective of providing integrated learning & placement solutions, customized software solutions and placement consulting to clients in the field of IT and non-IT verticals that include healthcare, banking, financial services, manufacturing, retail sectors.

The company has launched `HEADS`, a 4th generation technology education model that uses web based e-learning to seamlessly integrate manpower demand and supply in number and skills right from development to deployment.

The company has successfully provided training and staffing solutions to premier IT & non-IT clients, namely- TVS Group, Hewlett-Packard India, Infosys Technologies, GM Financial Services India, Optic Fibre.

The company purchased the fixed assets and development division of Radiant Software in August 2001. In September 2001 it launched packaged application software products Raymedi, Over-The-Counter (OTC) Pharmacy shop software, for selling medicines and also takes care of purchases and accounts, grocery. In the year 2002, it launched the anti-piracy solution to feature films called Vidapidi and other applications such as Radimail (pharmacy software), Meru (ERP Software) and Salaray (pay roll software). In the year 2004, the company sold IPR rights of Raymedi to Gofrugal Technologies (P) for a total consideration of Rs 4.2 million. In 2005 the company entered in the business agreement for selling of software project development business and fixed assets to Onspec Technology Solutions (P).

EdServ also has a Software services division, Lambent, that provides right-sized business software solutions for the enterprise-wide requirements for enterprises to grow as per their vision. Lambent provides ERP solutions as well as Database maintenance services in a 24x7 zero-downtime based enterprise-wide continuous availability framework in both onsite and off-site models. A few clients of Lambent to mention are - Wheels India, Oman Optic Fibre, KSB Pumps, GM Financial Services India (A division of General Motors, US).

Company`s registered office is located at: 1st Floor, Panna Plaza New No. 139 Arcot Road, Kodambakkam, Chennai - 600 024

Financials
The company reported fall of 95.77% in consolidated net profit on y-o-y basis to Rs 4.88 million, while total income dropped 51.71% y-o-y basis to Rs 151.07 million for the quarter ended December 2011.

Recent Developments
07-MAR-12
Chennai based education services company EdServ Softsystems has announced the launch of EdServ Training Institute (EDI), the first-of-its-kind Instructor-Led-Training (ILT) center using Franchisee network offering a rich Bouquet of academic support and vocational training courses that will include Tuition, Coaching, Test Prep, and Job Oriented Training apart from Placement support.

24-OCT-11
Chennai based Education Support Services Company EdServ Softsystems has announced the expansion of its mobile learning services to help students learn on the move. EdServ will now offer IITJEE and AIEEE test prep content on Tata Docomo`s educational platform- Tutor on Mobile ( TOM) service. Tutor on mobile is available to all Tata Docomo`s subscribers pan India.

25-JUL-11
Chennai based, Edserv Softsystems has announced that the company is looking to raise up to USD 35 million through a GDR issue to fund its aggressive expansion plans. The Board of Edserv that met in Chennai today has approved the opening of the GDR issue will be fixed as per SEBI norms. The entire fund raising process is expected to be completed within the next fortnight.

19-JUL-11
Chennai based educations support Services Company EdServ has announced that the company has struck a partnership with CAClubIndia.com, the online platform for Finance Professionals with more than 6 lakh members. Around 70,000 professionals and students visit the site every day.

21-JUN-11
Chennai based Education Services company EdServ has announced that the company has forayed into the mobile application space with wide range of Educational contents that includes tuition, Academics, Skill Development and test prep services.

22-NOV-10
The company announced that it has today completed the Rs 1.3 billion fund raising exercise for Pan India expansion.

06-OCT-10
Chennai based education and placement company EdServ has announced that the company has bagged a five year government training deal in Gujarat.

13-SEP-10
Edserv Softsystems announced today that it has raised Rs 610 mn by way of a qualified institutional placement (QIP) issue. The QIP committee meeting was held on Septmber 13, and decided to close the QIP issue of the company.



Future Plans
The company is in the process of developing 70 e-content job-oriented subjects called D2J (Degree to Job), out of which 10 subjects have already been completed. These contents will be registered and copyrighted under the `Edserv` brand name. This content will be delivered through web-based and other communication methodologies to reach the students enrolled for a job fitment in various franchisees (Edcentres).

The company proposes to set up HEAL laboratories to house all the technical, support teams to check and monitor the e-content delivery, to deliver the e-content to the franchisees, to maintain the developed and delivered e-content from the vendor and to continuously enhance the quality of standards being followed and also bring in new subjects as well as domains.

The company is planning 10 HEADS offices which include the Corporate HEADS center at Chennai. Out of the 10 offices the HEADS offices at Chennai has been taken on lease basis and the other nine offices will be owned by the company.

In Brief

 
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