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Flextronics Software Systems Ltd.

BSE: 532266 | NSE: FSS | Series: NA | ISIN: INE801A01021 | SECTOR: Computers - Software Medium & Small

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Flextronics Software Systems is not listed on NSE
Company History - Flextronics Software Systems
1991
 
 - Hughes Software Systems Limited was incorporated on 30th December
 under the Companies Act, 1956 with limited liability, with HNS-India
 Inc., USA as its principal shareholders.
 
 - HSS has been promoted by Hughes Electronics Corporation (HEC),
 USA,
 (which in turn is a wholly-owned subsidiary of General Motors, USA),
 and its group companies.
 
 - HSS has focused on the development of communications software and
 is
 one of India's leading companies in this field.  The Company offeres
 both custom software development services and software products,
 covering a wide spectrum of communciation technologies.
 
 1992
 
 - The Company had a paid up equity capital of Rs 200/- which has
 increased to Rs 63,000,000 as at March 31, 1999.
 
 1995
 
 - The Company has a high speed leased line for Internet access and
 video conferencing facilities through ISDN dial-up lines.
 
 1997
 
 - The Company entered the product business with the launch of the
 Protocol stack product line.
 
 - The Company offers implementation and integration services along
 with
 its products and also is in a position to customize the product to
 specific needs.
 
 1998
 
 - The Company as set up a center in Bangalore to focus on
 development
 of Software for Internet and e-Commerce applications.  HSS has
 state-of-the-art software development facilities in Gurgaon and
 Bangalore, India.
 
 - HSS has launched its first 3-commerce product SwiftBill(TM), an
 electronic bill presentment system.  The company contracted with a
 US-based Internet service provider for a pilot of this product.
 
 1999
 
 - The Company issued warrants under the Employee Stock Option Plan
 to
 Employee Benefit Trust.  A total of 8,75,000 warrants have been
 issued
 under the ESOP.
                    
 - In June, the Company issued bonus shares in the ratio of 3 for
 every
 2 shares held by capitalization of free reserves.  The total paid up
 equity capital of the Company prior to this offer is Rs
 15,75,00,000.
 
 - Hughes Software Systems is a communications software company which
 offers software services products and solutions.  It is a 100 per
 cent
 subsidiary of Hughes Network Systems of the US.
 
 - Through its maiden public offering, the Delhi-based HSS is
 offering
 43.75 lakh shares of which 39,37,500 shares are offered through book
 building.  The balance 4,37,500 shares, the fixed price portion,
 will
 be up for the public subscription after the final price is arrived
 at
 through the book building route which is scheduled for September 29.
 
 - Hughes Software Systems Limited (HSSL) is the first company in the
 history of the Indian capital market to issue shares through the
 book-building route.
 
 - Its product range includes the ProtoQuick range of protocol
 stacks,
 MultiQuick, communication gateway product lines, IntelliQuick,
 intelligent peripherals and mediation device systems, and Swift
 Bill,
 an electronic bill presentment system.
 
 - The Reserve Bank of India (RBI) has permitted Hughes to divest
 control in its joint venture company, Hughes Escorts Communications
 Ltd
 (HEC) and offload equity in favour of Indocean Chase Capital
 Advisors
 Ltd.
 
 2000
 
 - Hughes Software Systems (HSS) has mandated Pricewater-house
 Coopers
 Limited and Kotak Mahindra to identify and explore possibilities for
 acquiring information technology companies.
 
 - HUGHES Software Systems (HSS) has tied up with the $200-m Teles AG
 of
 Germany for its soft switches used in the area of intelligent
 networking.  The company expects the tieup to generate revenues of
 around $5-m.
 
 - In the area of network management, HSS has a number of IPRs
 (intellectual property rights) and products.  The company has a
 product
 called IntelliQuick in this domain.  This is in use with Bharti
 Cellular for Airtel, the cellular services provider in New Delhi.
 
 - HSS is developing the soft switches that will enable voice and
 data
 to be carried easily over networks.
 
 - HSS products include the Service Node and Intelligent Peripheral
 under the IntelliQuick (brand name).
 
 - HSS is a leading communications software company offering products
 and services in the areas of wireless networking satellite-based
 communications systems, advanced intelligent network, enterprise
 networking, Internet application and e-commerce.
 
 - HSS has launched RightServe - a Software designed and developed in
 Bangalore, has taken Hughes to the ASP market.
 
 - The Company has allotted 21,580 No. of equity shares, bearing
 distinctive numbers 16634701 to 16656280 for employees of the
 company
 who have exercised the option of econversion of warrants under the
 Employees Stock Offer Plan.
 
 - Eximsoft Technologies, has signed an MoU with Hughes Software
 Systems
 to provide protocol porting services for their global clients on a
 need
 basis.
 
 - Hughes Software Systems, a subsidiary of Hughes Network Systems,
 has
 launched SwiftBill, an electronic bill presentment and payment
 solution
 for the internet market.
 
 - The Company and Armllaire Technologies Inc, US have setting up of
 a
 dedicated development facility at Gurgaon for developing software
 for
 next generation switching infrastructure.
 
 - Hughes Software Systems has entered into a global alliance with
 Sun
 Microsystems to roll out next generation wireless solutions for
 original equipment to roll out next generation wireless solutions
 for
 original equipment manufacturers of mobile infrastructure.
 
 2001
 
 - Hughes Software Systems will set up a dedicated software
 development
 centre for Austrian telecoms firm Ericsson Ahead Communications
 Systems.
 
 - Hughes Software Systems in strategic tie-up with ADC.
 
 2002-
 
 Hughes Software Systems Ltd has informed BSE that the Board of
 Directors of the Company at their meeting held on April 22, 2002 have
 allotted a total 93425 equity shares to the employees of the Company
 under the ESOP.
 
 -Hughes Software Systems (HSS), on June 19, 2002 announced an
 agreement with NEC Corporation, the world's leading providers of
 Internet, broadband network and enterprise business solutions, to
 enhance NEC's routers, switches and IP applications used for building
 IP optimized backbones as well as edge and access solutions.
 
 - Hughes Software Systems (HSS),  announced the launch of its global
 technical seminar series in the United States of America (USA).
 
 -Jayaram Easwaran, appointed Vice President, Human Resources at
 Hughes Software Systems.
 
 2003
 
 -HSS has recorded revenue sales of Rs.57.1cr which is about 4.67%
 decline over the 
 corresponding period.
 
 -Newport Networks Ltd has announced that it has deployed HSS SIP &
 Megaco technology 
 in the Newport Networks Media Proxy.
 
 -QNX Software System & Hughes Software Systems Ltd have announced an
 alliance
 to offer integrated solutions to the telecom space.
 
 -Motorola, Interophase and Hughes Software Systems have unveiled the
 industry's first
 open architecture Radio Network Controller (RNC) solution at 3 GSM
 congress in cannes.
 
 -Ip.access and Hughes Software Systems Ltd have announced that
 Ip.access will 
 use the company's extensively interoperated standards based protocol
 stack software 
 for GPRS,SS7 and voice over pocket networks
 
 -Montavista Software and HSS have strengthened their existing
 partnership by announcing
 the enhanced availability of the HSS suite of telecommunications
 protocol stacks.
 
 -Lucent Technologies has selected HSS to provide mobility related
 development  
 and support services.
 
 -HSS has announced the successful completion of interoperability
 testing between 
 Convedia's CMS-6000 and CMS-1000 Media Servers, and HSS softswitch
 framework
 & HSS SIP server Framework.
 
 -HSS and Audiocodes has successfully completed the full
 interoperability Testing of 
 HSS Softswitch, SIP server and Gatekeeper Network Infrastructure
 frameworks.
 
 -HSS has been assigned  the Capability Maturity Model Integration
 (CMMI) 
 level 5 certification.
 
 -Hughes System Software, an arm of Hughes Electronics has bagged a
 major deal
 worth $100 million to supply the software and services for 3G mobile
 equipment to
 lucent Technologies, USA
 
 -San Diego, CA based communication company Wave Three Software, Inc 
 has
 selected HSS SIP server framework to power its platform for
 multipoint SIP video
 conferencing.
 
 -Rolls out SIP Centrex in Japan
 
 2004
 
 -Hughes launches next generation broadband terminals
 
 -Hughes Software Systems Limited has informed that the securities
 (Equity Shares) of the Company have been delisted from the Delhi
 Stock Exchange w.e.f January 8, 2004.
 
 -Hughes Software Systems Limited has informed that the Company has
 received intimation dated January 15, 2004 from Mr. James Lucchese,
 Director of the Company that he has sold 1,325 shares of the Company
 and the value exceeds Rs. 5,00,000/-.
 
 -Hughes Software Systems Ltd has informed that Mr S Mahadevan has
 resigned as the Company Secretary of the Company with effect from May
 15, 2004
 
 -Hughes Software Systems Ltd (HSS) has informed that e.Biscom's
 FastWeb has selected the company to increase the VoIP capability of
 its triple play integrated network
 
 2005
 
 -Flextronics a $16-billion global electronics manufacturing services
 provider, is to build a manufacturing facility in the outskirts of
 Chennai
 
 -FSS launches development center in Beijing
 
 -Flextronics releases Wi-Fi Wireless Local Area Network (WLAN)
 security and mobility software products