2001
 
 -Board approves acquisition of Megasoft Consultants Inc., USA at a
 consideration of US$ 3.25 million, subject to necessary approvals.
 
 2002
 
 -Approves the issue of up to 14,00,000 shares to Interpro Scribe Ltd
 at Rs 70/- each on preferential basis. Accordingly the Board met on
 October 4, 2002 and decided to issue 207075 shares to Interpro Scribe
 Ltd.
 
 2003
 
 -Assessed at Maturity Level 4 in the Capability Maturity Model (CMM)
 for software of the Software Engineering Institute (SEI)
 
 2004
 
 -Board approves the proposal for merger / amalgamation XIUS India Ltd
 with the Company, based on the valuation report submitted by M/s
 Pricewaterhouse Coopers Pvt Ltd. (PwC).
 
 -Satyam Computer has acquired the BSE-listed Chennai-based software
 services company Megasoft in a stock deal through his own company
 Xius.
 
 2005
 
 -Megasoft ties up with Registrat
 
 2007
 
 -Megasoft Ltd, telecom technology solutions provider, has completed a
 definite agreement to acquire US-based Boston Communications Group,
 Inc (BCGI) in an all cash deal valued at  million.