Focus records 45 percent growth in 2006; Declares ESOPs for employees

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Released on: 5, March 2007
, Author: Nirmala D'souza/Oak Consulting
, Audience: Software related

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Dubai, United Arab Emirates, March 6, 2007: Focus Softnet, theleading software development company with more than 18 offices across 10 countries,has announced a resounding growth of 45% during fiscal year 2006 over the previousyear. At the recently held Annual General Meeting, the company spokesman, Ali Hyder,declared that the company had seen growth of over 300% since Focus Softnet began itsDubai operations in 2002. Focus also announced ESOPs (Employee stock ownershipplans) for its employees.

 Focus Softnet has seen exceptional growth across markets in the Middle East regionwith the growth rate being significantly higher in UAE, Saudi Arabia and Kuwait. Wethank our customers for our success and for their continued support and confidencein Focus' products. Our success has been made possible by our hard-working team andwe felt it was important to reward them by making them partners in the business inthe form employee stock options, says Mr. Ali Hyder, CEO of Focus Softnet.

The companyÂ's commitment to extending the borders of interaction between vendors andcustomers and its involvement in providing only the best for its customers hasensured that Focus SoftnetÂ's client list is constantly growing with some of thebiggest brand names turning into satisfied customers. Recent successes of thecompany include prestigious names like Boeing, Air Arabia, Commercial BankInternational, Gulf Craft to name a few.

 Focus Softnet has grown over the years to become a true corporate identity. Ourcommitment to offering our customers the very best as well as our involvement indeveloping the Middle East market has ensured our steady growth in the region. It isour endeavour to keep creating innovative software solutions for our customers andoffer them even better service and support this year, added Mr. Hyder.

Focus develops ERP/CRM application for solutions for mid-market segment. Focus RTthe feature rich ERP from Focus Softnet covers Financials, Inventory & Warehousing,Sales & Distribution, Human Resources, Fixed Assets, Production Planning. Focus6 isthe mid-market accounting solution with over 1500 customers in UAE and over 2500customers in the Middle East. Apart from ERP solutions for businesses, Focus alsocaters to educational segment with its Academic Records Management System (ARMS)that covers entire administration modules for academic institutes. Focus Softnet hasto its credit its recently launched Focus Reach targeted at Small businesses.

Part of the process of keeping up with demanding standards is the ability to derivecustomer feedback and satisfy their needs constantly with regular updates. FocusSoftnet has been able to achieve this efficiently with regular upgrades of Focus RT.Focus continues to gain success in the markets of Middle East and India and itsopportune location gives the right background and provisions for fuelling furthergrowth and achievement in its field.

About Focus Softnet: Focus Softnet, which commenced operations in 1992, has a strong global presence withoffices that deliver a comprehensive range of products and services. With itsInternational Headquarter in Dubai Internet City and with offices across the G.C.C,Focus has a well established infrastructure and an excellent management team. Thesolutions developed by Focus Softnet are business driven technologies that have beendeveloped in constant consultation with functional and management experts from theindustry. Their wide range of products and the modules within them - help seamlesslyintegrate a wide range of customer requirements. These solutions minimizeinformation bottlenecks and Focus Softnet is always at the clients' service tocustomise them in keeping with the organisations overall vision and strategy. Majormarkets of Focus are India, Middle East and Far East. In Middle East, Focus has 10offices covering entire GCC, Iran and Yemen. Focus6 is the mid-market accountingsolution with over 1500 customers in UAE and over 2500 customers in the Middle East.


Source: Express-Press-Release.com
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