CAMBRIDGE TECH ENTER Share price

History and Major EventsCambridge Technology Enterprises Limited (?CTEL? or `the Company?) was originally incorporated on 28th January 1999 as Unique Solutions (India) Private Limited at Hyderabad Andhra Pradesh under the Companies Act 1956 vide Registration No. 01-30997 of 1998-99. The name of the Company was changed to Cell Exchange (India) Private Limited on 21st January 2003 and subsequently to Cambridge Technology Enterprises Pvt Ltd on 12th March 2004 which was reverted back to its old name i.e. Cell Exchange (India) Private Limited on 22nd July 2004 and on 16th March 2005 the name was changed to Cambridge Technology Enterprises Private Limited. Thereafter it was converted into a public limited company after passing the necessary resolution in the Extra Ordinary General Meeting held on 14/03/2006 and the Registrar of Companies Andhra Pradesh Hyderabad had issued a fresh certificate of incorporation consequent on such conversion on 31/03/2006 and the present name of the Company is Cambridge Technology Enterprises LimitedThe Registered Office of the Company is situated at 4th Floor Sufi Chambers Road Number 1 Banjara Hills Hyderabad - 500 034 A.P. India. The Company has presence in Cambridge Massachusetts in the USA.At the time of incorporation the Registered Office of the Company was situated Flat No.607 Annapurna Block Aditya Enclave Ameerpet Hyderabad. On 2nd November 2000 the Registered Office was shifted from the said address to Flat No. 188 & 189 RR Towers Kavuri Hills Madhapur Hyderabad. With effect from 4th March 2002 the Registered Office of the Company is shifted to the present address. BACKGROUNDCambridge Technology Enterprises (CTE) a CMMI Level 5 next-generation business solutions provider headquartered in the Massachusetts Institute of Technology (MIT) campus at Cambridge Massachusetts. CTE is positioned at the heart of the technology innovation and thought leadership around service oriented architecture (SOA) emerging trend. CTE's core competency lies in its collaborative delivery model a solution delivery approach that aligns business technical and user stakeholders; includes partner technologies and services as necessary; and uses a general contractor model to deliver end-toend solutions.CTE promoters have successful track record for building high market-value companies based on emerging technology trends. These successful companies include:Cambridge Technology Partners (CTP) Founders. CTP was founded to capitalize on UNIX. CTP was acquired by Novell in 2001 I-Cube Founders: I-Cube focused on mainframe migration using proprietary tools completed IPO in 1998; merged with Razorfish in 1999. Open Environment Corporation (OEC) - Founders. OEC focused on building middleware tools for simplifying development on DCE platform Completed IPO in 1993 and later acquired by Borland International in 1995 Primix Solutions Inc. public - Founders. Primix focused on building development platform on ERP packages. Primix was acquired by BurntSand in 2004 C-bridge Internet Solutions IT solutions Founders. C-bridge focused on building e-business applications for G2000 companies. C-Bridge completed IPO in 1999 with one billion dollar market value in five months. C-bridge was acquired by Progress Software in 2002.CTE is focused on capitalizing emerging SOA market opportunity real time enterprise technology and mobile computing trends based on a single promise (same as its successful predecessor companies): to deliver the right business results on time and on budget. Our ?Cambridge Collaboration? techniques build on our expertise in business consulting system integration and application outsourcing to help clients perform at the highest levels so they can create sustainable value for their customers and shareholders.CTE uses its business-process knowledge its service offering expertise and the insight into and deep understanding of emerging technologies to identify new SOA business and technology trends and formulate and implement solutions for clients under demanding time constraints. CTE helps clients identify and enter new markets increase revenues in existing markets improve operational performance and deliver their products and services more effectively and efficiently.Drawing on a combination of industry expertise functional capabilities alliances global resources and technology CTE delivers competitively priced high-value SOA & custom business solutions development services that help its clients measurably improve business performance. CTE?s global delivery model enables it to provide a complete end-to-end SOA delivery capability by drawing on its global resources and suppliers to deliver high-quality cost-effective solutions to clients under demanding timeframes.Clients choose CTE because of its commitment and determination to do whatever it takes to deliver meaningful results for them. CTE has a relentless focus on making an impact on its clients? businesses. CTE is able to deliver superior returns for its clients by addressing the biggest problem that most companies face when purchasing business-enabling technology projects: the majority of technology projects today are finished late or over budget lack promised capabilities or simply are never finished.Using its unique Cambridge Collaborative methodology CTE plans designs implements and manages technology solutions that are designed to deliver tangible business value to its clients in the form of increased revenues reduced costs and more effective utilization of assets. CTE delivers services and solutions for the price and within the time frame we promise to our clients further enhancing the return to the clients on their technology investment.Over the years CTE has acquired strong expertise to develop large long-term customer relationships by demonstrating an understanding of its customers? business requirements through its industry expertise and by continually providing high quality services in a cost effective manner. CTE is an innovation-based business serving the SOA & application development and management needs of enterprises and institutions worldwide. It defines SOA innovation as the intersection of business insight and technological invention. CTE seeks to deliver client success - in whatever ways its clients define success - by giving them differentiating capabilities that provide unique competitive advantage.Major Events in the History of the Company:Year Event28th January 1999 Company Incorporated as Unique Solutions (India) Private Ltd at Hyderabad21st January 2003 Name changed to CellExchange (India) Private LimitedDecember 2003 Attained CMM Level 4 appraised by KPMG India12th March 2004 Name changed to Cambridge Technology Enterprises Private Limited22nd July 2004 Reverted the name back to CellExchange India Private limited16th March 2005 Name changed to Cambridge Technology Enterprises Private LimitedMarch 2005 Attained CMMi Level 5 appraised by KPMG India31st March 2006 Converted to Public Limited