Sunday, January 10, 2010: 07:49:26 PM

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Arshiya's technology arm sells supply chain product suite

In an all cash deal, Arshiya International subsidiary Cyberlog has entered into an agreement with aurionPro Solutions for the sale of marketing rights along with all existing customers and hosting infrastructure of Cyberlog product Suite. The product is a completely web based comprehensive and state-of-the-art solution for integrated logistics and supply chain management with a global customer base in over 20 countries. 

Under the deal, in addition to the cash payment and percentage of license sell, Arshiya will continue to own the product suite for its integrated operations. "Since our acquisition of Cyberlog four years back, Arshiya has grown tremendously. As we look to commence our FTWZ operations, expand our Rail Infrastructure projects and grow Arshiya's brand globally, we believe this is the best decision for our customers," said Ajay S Mittal, CMD of Arshiya International about the arrangement.

Arshiya International (AIL) a flagship company of the Arshiya group, is on the verge of launching its Free Trade Warehousing Zone (FTWZs) near Mumbai which will be followed by another one in Delhi.

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