Cambridge Tech unfolds a four pronged plan to enhance growth through

Mumbai, Sep 1 (UNI) Cambridge Technology Enterprises Ltd (CTEL), today announced its four pronged growth strategy to consolidate its position further and capitalize on the growth potential of the emerging market opportunities in the area of SOA migration services.

Elaborating on the company's future plans, the CEO Mr Bhaskar Panigrahi told mediapersons here, that the company's four pronged growth plan includes-selective pursuit of strategic acquisitions, investment in enhancement of processes methodologies and innovation loolsets, expansion of its geographic presence in the US markets and enhancement of its global collaboration infrastructure. CTEL has crafted its four pronged expansion plan to achieve its medium term goals. The estimated requirement of funds is about Rs 3.07 crore.

Part of the funds have already been tied up and the balance Rs 2.40 crore is proposed to be raised through initial public offering ((IPO), he added.

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