Company History - Cambridge Technology Enterprises
Cambridge 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 Limited
The 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.
BACKGROUND
Cambridge 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. CTEs 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 Event
28th January 1999 Company Incorporated as Unique Solutions (India)
Private Ltd at Hyderabad
21st January 2003 Name changed to CellExchange (India) Private
Limited
December 2003 Attained CMM Level 4, appraised by KPMG, India
2004
-Reverted the name back to CellExchange India Private limited
2005
-Name changed to Cambridge Technology Enterprises Private Limited
-Attained CMMi Level 5, appraised by KPMG, India
2006
-Cambridge Tech develops reusable frameworks.
-Converted to Public Limited
2007
-The Company participated in an advocacy group called SOA Consortium,
a committed group of end users, service providers, and technology
vendors, with an objective of spreading SOA awareness.
2008
-The Company recommended dividend @ 10% (Re 1/- per equity share) on
the paid-up equity share capital of the Company
2009
--Registered Office of the Company has been shifted from Plot No.24,
Road No. 36, Jubilee Hills, Hyderabad-500033 to 11th Floor, Block-D,
iLabs Center, Software Units Layout, Madhapur, Hyderabad-500081.
2011
-Cambridge Technology Enterprises doubles the size of its Bangalore
Center of Excellence to handle Cloud computing business and expands
Bangalore University of Cloud training facility.
-Cambridge Technology Enterprises Awarded ISO 27001 Information
Security Certification
-Registered Office of the Company has been shifted From Plot No
8-2-269/A/2/1 To 6, 1st Floor, West Wing, CYBER SPAZIO, Road No. 2,
Banjara Hills, Hyderabad - 500 033
2012
-Merger between the Company and Cambridge Technology India Private
Ltd, Company's Wholly owned subsidiary at Bangalore.
2013
-Cambridge Technology - Sale of Investment in smartShiftgroup
Limited, Mauritius, Wholly Owned Subsidiary at Mauritius(SSG).
2014
-Cambridge Technology India Private Ltd (Transferor company) being
merged with its holding company Cambridge Technology Enterprises
Ltd.
-Cambridge Technology Enterprises has been shifted to: Unit No.04-03,
Level 4, Block I, Cyber Pearl, Hitec City, Madhapur, Hyderabad -
500081, Andhra Pradesh (Contact phone nos. 040-40234400: Telefax:
040-40234600).
2015
-Cambridge Technology - Cambridge Technology Enterprises Nominated
for Oracle Linux and Virtualization Partner Award at Oracle
-Cambridge Technology - Cambridge Technology Enterprises selected by
Kaya Dental to re-engineer e-commerce website
-Cambridge Technology opens new office in US
-Cambridge Technology - Cambridge Technology Enterprises expands
presence in India witti a centre in Chennai
-Cambridge Technology - Cambridge Technology Enterprises launches
Cambridge Innovations for early stage entrepreneurs
2016
-Cambridge Innovations builds global companies in India: RoadZen
Inc.
-Cambridge Innovations adds MyCrowd to its investment portfolio
